It's nice of CNBC to think that they are the world leaders of news, and perhaps they are.

But they are a bit late with this section of their website, aren't they?

Next, CNBC will inform us that there could be major insured losses from the 9/11 attacks or perhaps that Lloyd's of London has had an asbestos problem in the past....

Posted by Alex Ferguson at 5:02 PM | Permalink | Comments (0)

Having just watched CNBC's Jim Cramer getting ripped a new one by Comedy Central presenter Jon Stewart - I'll enclose the clips at the end of the article, I realised that Stewart missed something - he should have gone into journalism. We need someone like him writing a column!

For those of you who don't know Jim Cramer, he's the former hedge fund manager host of 'Mad Money', which talks about the stock market five days a week, with all the bells and whistles that go with it (quite literally!).

And if you don't know Jon Stewart, you will after watching this!!

This is very, very worth watching. It might make you incandescent with rage, but it should sit and watch all three parts.

Continue reading "Stewart vs Cramer: Uncensored" »

Posted by Alex Ferguson at 10:13 AM | Permalink | Comments (0)

There is rage on Main Street after it emerged that AIG had spent of millions of the government's money on keeping staff.

There was even more rage on Main Street when it was found out that AIG had spent bilions of taxpayers' money on repaying counterparty credit requirements.

But imagine what could have happened if AIG didn't pay back the banks.

Bear Stearns and Lehman Brothers would have been afterthoughts. We could have seen some of Wall Street's biggest names go. Employment at 3%? If the US Treasury didn't come in, we would have seen employment at 8%.

Good decision, Ben Bernanke......even if it did make you angry.

Posted by Alex Ferguson at 5:11 PM | Permalink | Comments (0)