Herman Cain’s presidential campaign is weathering mounting allegations of sexual harassment linked so far only to his tenure as the head of the National Restaurant Association, allegations tied to tens of thousands of dollars in payouts to his accusers. Republican voters, however, are mostly dismissing the story.
Speaking on CNBC, Warren Buffett, the head of investing giant Berkshire Hathaway and market oracle, told Becky Quick the economy is still in a recession, in his book.
“We’re not gonna be out of it for a while, but we will get out of it,” he said, elaborating, “I More…
Smart Politics crunches the numbers and finds that Rep. Michele Bachmann (R-Minn.), newly minted as the Democrats’ “enemy No. 1″ makes a cable news appearance every 9.1 days. The chart is revealing:
I know, I know; everyone’s talking about the Jon Stewart-Jim Cramer confrontation Thursday night. Yes, it was entertaining, and yes, Stewart made some great points about financial journalism’s failures. But I’d like to move on now. There’s so much more to be angry about over this crisis than just More…
Speaking of Rick Santelli, The Daily Show’s Jon Stewart takes him on. (Santelli “bailed out” on an invitation to appear personally, as Jon Stewart put it.)
But the best part is the review of CNBC’s sage financial advice.
Yves Smith at Naked Capitalism has a great take on a story making the rounds on the Internet today, a New York Times piece on former Countrywide Financial executives cashing in on distressed mortgages. Obviously, this is very rich, considering Countrywide once stood as the nation’s largest subprime More…
Jim Geraghty alerts us to Jim Cramer’s new promotion for his CNBC show, Mad Money — Jim will show you how to “Obama-proof” your portfolio! I’m not sure how President Obama was to blame when Cramer told viewers to buy Bear Stearns right before it collapsed, but More…
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