Huffpost Business

CNBC Host: Wall Street Firms Can't 'Be Run Well' By People Making Under $250,000 (VIDEO)

Posted: Updated:
Print Article

As several bloggers and television pundits have noted, CNBC has consistently advocated on behalf of the interests of the rich during the recent financial crisis. Indeed, in an interview with Rep. Charlie Rangel (D-NY) today, CNBC host Mark Haines made the curious claim that Americans who earn under $250,000 per year -- or 98 percent of the population -- can't run Wall Street companies:

HAINES: Let's get back to what I regard as a fundamental issue here. I know it's politically unpopular, politically incorrect. I know it goes against all of the populist indignation that's out there right now. But you can't really, it seems to me, expect that these Wall Street companies are going to be run well by a bunch of people who don't make more than $250,000.

Read the whole story at thinkprogress.org

Around the Web

Think Progress » CNBC host: Wall Street companies can’t ‘be run ...

'Daily Show' host Jon Stewart channels outrage at CNBC's Jim ...

Newsvine - Obama spokesman `enjoyed' lashing of CNBC host

The World Newser: CNBC's Santelli Rants About Housing Bailout