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A scene from “CNBC Criticism and Jim Cramer Interview (March 2009)”

CNBC sells itself as financial experts. And they have the access to the CEOs. And yet, they didn't catch any of this. And here they are blaming people who don't have the financial expertise and saying that they're part of the problem. [...] It seems like the banks and those that cheerlead them turned an arithmetic problem into a geometric one. They took a linear debt issue and by turning it into derivatives and securities and all that, now it's a gigantic problem. So, shouldn't we yell at them?

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