CNBC Panel Freaks Out At The Suggestion That Predatory Lending Happened At Any Time Ever (VIDEO)
CJR's Ryan Chittum posts this great video of CNBC anchor-droids just straight up losing their minds the moment Janet Tavakoli, president of Tavakoli Structured Finance, dares to suggest that predatory lending ever existed on the Planet Earth.
Tavakoli even moderates her comment, telling the other CNBC boxes that there is "plenty of blame to go around" in the housing crisis, but no matter! As soon as she reports that people "were preyed upon," Larry Kudlow and Melissa Francis just go nuts, pretending as if the entire lending industry was not "set up to be more profitable when loans fail." And check out Tavakoli's blog, in which she brilliantly dissects the absurdity of her co-panelists' arguments on the show.
Source: Huffington Post.com, March 04 2010
By: Jason Linkins
jason@huffingtonpost.com
Tavakoli even moderates her comment, telling the other CNBC boxes that there is "plenty of blame to go around" in the housing crisis, but no matter! As soon as she reports that people "were preyed upon," Larry Kudlow and Melissa Francis just go nuts, pretending as if the entire lending industry was not "set up to be more profitable when loans fail." And check out Tavakoli's blog, in which she brilliantly dissects the absurdity of her co-panelists' arguments on the show.
Source: Huffington Post.com, March 04 2010
By: Jason Linkins
jason@huffingtonpost.com
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