Me on CNBC Talking Stein (When Not Being Interrupted)
I was just on CNBC’s Closing Bell show debating Charlie Gasparino on the merits of Ben Stein’s position regarding Goldman Sachs and Jan Hatzius’ recent paper. Based on yesterday’s post, I think you all know where I stand on the topic. Mr. Gasparino, however, felt compelled to talk, talk, talk, and not debate, though I did take away from his monologue that he disagreed with me. He said that “all shops talk their book,” and that “all his friends on Wall Street” know that Ben Stein is right. Huh?
Well, I can’t speak to Charlie’s friends, their existence or their intelligence, but I can tell you that NOT ONE PERSON that I know from the Street thinks that Mr. Stein’s piece should be used for anything other than lining the family guinea pig’s cage. But hey, maybe our worlds just don’t intersect, I don’t know. But I do know that there is some serious mis-information and bilge water being sprayed around on this topic, and I hope smart readers/watchers and consumers of media can separate the good from the crap. Because the crap on this issue is plainly abundant.
PS. next time I know I’m going on CNBC I’ll do what Paul Kedrosky does and tell my readers in advance so they can watch and chuckle.
