Not tough, just obnoxious

All that I dislike about CNBC was captured recently in an interview of Sheila Bair, the former head of the FDIC, by CNBC’s Michelle Caruso-Cabrera. When Bair would start to say something that Caruso-Cabrera didn’t like or didn’t want to hear, Caruso-Cabrera cut her off. This happened first when Bair tried to explain that JP Morgan Chase was too big to manage effectively and then when Caruso-Cabrera wanted to pin responsibility for the mortgage debacle on the borrowers, and Bair tried to say that often both borrowers and lenders were at fault.

Charles Peters

Charles Peters is the founding editor of the Washington Monthly and the author of a new book on Lyndon B. Johnson published by Times Books.