Banking/Finance

Putting all those things together, it does seem to suggest that your industry is looking to make more money off its credit card holders. Do you deny that? -- Chris Cuomo to banking industry representative, GMA, Feb. 12, 2008.This year's Media Research Center DisHonor Awards haven't been distributed yet, but we might already have a candidate for next year's competition . . . Give banking industry…

You've probably heard about the French trader who has managed to stash away $7 billion before going on the lam. What's the big deal with sticking it to some French bank for $7 billion? This $7-billion loss by the French bank Societe Generale (SocGen) (EPA:GLE) might have caused the sharp plunge in some European stock markets on January 21 - which spurred the Federal Reserve to make an…

It's really frightening to imagine that people who get the bulk of their news from Comedy Central's "The Daily Show with Jon Stewart" will be making what they probably think are educated decisions at the ballot box come Election Day. Stewart, who is now a self-proclaimed economist, said on his January 23 show, "Our economy is tanking." And now you can add financial media critic to Stewart's…

Billionaire investor George Soros called for more government monitoring and involvement in markets in an interview on CNBC January 23."Now we really have to reconsider the whole policy, which has been in my opinion misplaced, of relying on the markets to police themselves," Soros told Maria Bartiromo in Davos, Switzerland, "to recognize the risks. And there are risks which it is the job of the…

After the Fed made an "emergency" 75-basis-point rate cut this morning, CNBC's "Mad Money" host Jim Cramer, who has gone from bull market cheerleader to bear market doom and gloomer in the last six months, said it was too little too late. "[T]his is obviously the kind of action I was most fearful of - which is that they would have to go panic and that they would get way behind the curve,"…

CNBC “Mad Money” host, resident ranter and stock-picker extraordinaire Jim Cramer can now add “media critic” to his list of duties. Over the past six months, Cramer has become a YouTube sensation for taking shots at Federal Reserve Chairman Ben Bernanke, including his infamous “They know nothing” rant on CNBC’s August 3 “Street Signs.” Today Cramer used his “Stop Trading” segment on CNBC’s “…

Are you a little skeptical when an economist or a financial strategist appears in the MSM, warning for the worst? A look back at the Dec. 25, 2006, “Where to Invest” issue of BusinessWeek gave us a measuring stick to see how frequently cited “experts” shaped up in 2007 – including New York Times regular Ian Shepherdson, Moody’s Economy.com economist Mark Zandi and Standard & Poor’s Chief…

Since the stock and credit market turbulence began in July, NewsBusters has been informing readers that media continually predict recessions that never happen.On the sad flipside, bearishness in the press can become so pervasive that an economic downturn ends up being an unfortunate self-fulfilling prophecy.NewsBusters affiliate the Business and Media Institute made this very point in a late-…

You'd hardly expect the chief Washington correspondent of business channel CNBC to negatively stereotype economic conservatives. But appearing on today's Morning Joe, the urbane John Harwood did just that.View video here.JOE SCARBOROUGH: [Huckabee is] a different type of evangelical. It's not the evangelical in American politics that's traditionally been very conservative economically. Obviously…