CNBC Must Fire Larry Kudlow

  • Bob Fertik's picture
    Bob Fertik
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March 17, 2009

Larry Kudlow's relentless demands for Wall Street bailouts are a major reason why working Americans are being forced to give trillions to the rich. Today he's demanding an end to mark-to-market pricing of toxic assets (h/t Josh Marshall) and a return to "mark-to-model" Enron Accounting. (He calls it "discounted cash flow model," which lets banks assume the mortgages underlying their toxic assets will be repaid at significantly higher rates than markets currently expect.)

On the basis of this Enron Accounting, Kudlow then predicts a bank-driven market rally and wants everyone to BUY BUY BUY. Of course Kudlow always wants everyone to BUY BUY BUY, which led everyone who took his advice to LOSE LOSE LOSE.

CNBC must fire Larry Kudlow for his crimes against honest accounting, which is the fundamental basis of Capitalism.

Comments

why unions don't like wallmart

  • frank seitz's picture
    frank seitz
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10/13/10
11:12am

it is the same reason anyone should agree with.  They make deals with China and every foreign country.  almost everything comes from outsourcing .  larry cudlows are making money on.   selling out our country and leaving the middle class living on the streets while he and his cronies get fat    Larry gets fat for drinking their coolaid and trying to convince the middle class it is the rilght thing to do.    Enemies of our state and they should pay the price the british paid 2oo years ago.