Friday, March 13, 2009

Making Sense of the Economic Meltdown Through the Media

Floyd Norris has an interesting article about mark to market accounting and the banks blaming that rule for their woes. If you aren't reading Yve Smith's Naked Capitalism blog, you should start soonest. She's already blogged about the Jon Stewart interview with Jim Cramer. An interview it wasn't, more like an argument, and Cramer was on the defensive. Cramer did admit that he ran an entertainment show, not a serious financial show. That may change, or not. Likely CNBC is run by the Entertainment Division of NBC.

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