The banks! Who would have guessed it!
Today's heatmap:
CNBC cheerleading grade for the day - "A" They did anything and everything they could today to convince us everything is fine, get your money in the market. Consumer confidence is great, look at that, everything is fixed. Larry Kudlow even found a way to spin the Korean missile test as a positive sign for the market. After listening to Dennis Kneale and Michelle Caruso-Cabrera on Power Lunch carry on about the auto companies, combined with some talk show host posing as an expert on bankruptcy law, I had to turn the channel. They can't wait to bash the government, Obama, Geithner, and especially the auto company unions (to the point of almost cheering when the news broke the retirees will get hosed) while slobbering over the banks and their oh so powerful banking people - I could just puke. I don't agree with all this bailout, intervention by the government stuff, but jeez Louise CNBC, these are real people you were so giddy about. So the retiree's are going to get hosed, your glad about it. But you rant and rave when the "poor" bankers and Wall Street criminals have to take a cut. Poor things! CNBC, your as criminal as the damn banksters. Shut the hell up. In my house you have, it's called the channel changer. I hope GE needs bailed out and your the first plug that gets pulled. Your channel has become nothing more than a Jerry Springer show. You suck!
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