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Newly Unemployed CNBC Star Dylan Ratigan Joins Class Struggle

Has former CNBC anchor Dylan Ratigan joined the leftist alliance lobbying the right-leaning business network to send its staff to re-education camp?

It didn't exactly seem that way when he abruptly left the channel two weeks ago over what appeared to be his contention that he deserved more money than network execs wanted to pay. In fact, after a few days off the former Fast Money host seemed downright baffled that strangers would associate his grievances with those of Tom Frank and Jon Stewart. "Ever since this started," he told CBS Marketwatch columnist Jon Friedman, "people think I'm some kind of [swear word ending in -ing] Che Guevara!"

Well, welcome to the insurgency, Dylan! Today he tells Henry Blodget of a consciousness-raising moment he experienced during the crisis...

A lot of things came together. One, it became apparent to me that there had been some major policy failures in America. While clearly pursuable at a place like CNBC, in my opinion, they are more broadly pursuable from a wide variety of other news platforms...When you're dealing with systemic policy failures that have rendered a catastrophe the likes of which we've really never seen, the role of journalism is to ask questions of money and power from the broadest possible platform.
As opposed to, you know, showing up to work every day to moderate a vigorous debate over whether the latest bear market rally has the legs to last two days or six. And speaking of which, he's got a stock tip:
Blodget: Last question. You've been right in the middle of this meltdown day after day, interviewing the smartest people, etc. So is this a new bull market, or is this another suckers' rally?

Ratigan: Suckers' rally. No question. That's not an indictment of the judgment of the market. That's just my perception of the ability of the banks to function in a timely fashion, the ability to create meaningful amounts of jobs in the immediate future, and the as-yet unrecognized meaningful losses to come in commercial real-estate and other asset classes... We've gone through a transition where things were getting bad in a freefall, and now they're just getting slowly worse.

For his part, Ratigan is involuntarily unemployed for the time being due to a clause in his contract that bars him from moving to a competing network for six months, and while we've had our differences we wish him the best. Misery loves ideological company.


5 Comments

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One of the things that I noticed in the past couple of months was that Ratigan was increasingly against the Trillion dollar taxpayer ripoff for the Banksters.

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Dylan Ratigan now has an opportunity to expose THE KILLING CLASS because he has expertise in that field.

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Maybe he can get the 10:00 pm slot on MSNBC.
Dylan was truly a sensible business individuals during this crisis.

You can be "pro business" and not be a crook and a liar and cheat.

Ethical Business just as conservatives have to take back their profession and party from the likes of the shit heads running them now.

I respect business leaders, I am a small business leader but I am ethical and honest above everything else...

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I can think of several people on that channel that deserve to be fired more than Dylan. They can start with Santelli, then Mark Haynes, who calls Arianna Huffington "clueless" because she expressed publicly that the banks should be allowed to fail (I guess her Masters Degree in econ isn't good enough for him). Not to mention Kudlow, Cramer and Maria Bartiromo, who is there as eye candy and little more. These people are nothing more than cheerleaders for the people who brought our entire economy down. Neither the professionals that ran the banks, nor the officials in charge, nor the professional commentators had the foresight to see it coming before it hit us like a locomotive. If they want to do shows about business and economics, maybe they should put Krugman, Stiglitz, and Roubini on the air. At least they saw the danger and knew what needed to be done in time. Unfortunately, since we were so busy listening to those that CNBC employed, nobody that counted was listening to the real experts!

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Ratigan:

If you read this you were wounded in the lion's den, but now you are alive with a conscience and ability to see. Selling out is no bargain, it only is a "call" in the pot in the game of poker.

Do something real, cut your "nut" and go for broke and develop real credibility to the tell the real story and know that all those in control will collapse will overwhelm them and be there to let us know who are the crooks, liars and pirates.

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