The "financial experts" on TV

[Crazy Dave]

Watching CNN this weekend there were three "experts" being interviewed and they were asked by the host (sorry can't remember who), "What's the best thing that a person having financial difficulties right now can do?". They all gave answers like, "put away at least three months worth of income", "pay off all your credit cards", "put all your money in high interest CDs", etc.

Great advice for the people who lost their jobs more than "three months" ago and are about to lose their homes :sarcasm: :puke:

[Hannah Bell]

1. because if they said, "go to the homeless shelter," "move in with your parents,"

"become a prostitute," it would just be too real.

[Crazy Dave]

2. It was a real "Let them eat cake" moment

Those three had obviously inherited their fortunes. Kind of like Trump's dumb-ass kids on "The Apprentice".

[Name removed]

3. Deleted message

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[Crazy Dave]

4. Welcome to DU Bill O'Reilly

[KharmaTrain]

5. Pepperoni Or Anchovies?

Yep, blame those darkies...it's all their fault. That "plantation mentality", right? It had NOTHING to do with the 25 years of corporate greed that began under the "Raygun" revolution. Hope you got yours, dude, cause if not, not only did you get played, you still are. FOOL!

Go back to your parallel universe and leave the reality to REAL AMERICANS.

[KharmaTrain]

6. These Were The Same Goons Who Told Us To "Buy, Buy, Buy"

Networks like CNBC and CNN made a ton of money from all sorts of financials...brokerage firms, banks, investment houses...a nice chunk of change and, until recently, their "experts" were more than happy to pitch the latest hot stock or fund and we'd all be rich, rich rich!

The dirty secrets that still haven't come out is how these "experts" became such...many were or still are paid-for shills for Wall Street. At one time there was a local stock market program from Chicago...the show made a ton money for the station by selling airtime to anyone who wanted to get on and pitch a stock...and the show was called "Ask an Expert". For $500 a shot, you, too, could be an "expert".

This practice was blatant in the late 90's...CNBC was loaded with these "experts" who always knew the hottest IPO (Initial Price Offering)...and some were later exposed for using their TV positions to create a run on a stock that made the principals a ton of money, then the stock (which was worthless from the start) would collapse sticking the suckers with the losses.

Remember, every television channel is a subsidiary of some large corporation...traded on the market...the last thing they'll tell you is how the game is jobbed.

[Crazy Dave]

7. I heard some folks on NPR talking about that Cramer, "Mad Money" guy

Everything he recommends flops but he makes his fortunes using his show to sell books and videos.