For those who haven't yet followed Dylan Ratigan here's a chance to learn a bit more about him. Ratigan worked at Bloomberg and CNBC before moving to MSNBC where he's been a vocal critic of the financial system and its coziness with Washington. It's an issue near and dear to my heart so I always find what he has to say interesting.
As someone who follows CNBC (where he used to work) closely, I'd have to agree with him that for the most part the network does more good than bad. I often disagree completely with their points though it's important that they raise so many points about what is happening on Wall Street. Other networks don't even cover most of the debate and that in itself if a problem.
Mr. Ratigan does not just have a point of view, he has a point — one that he repeats relentlessly and feverishly, sometimes with props like buckets and Monopoly money. To hear Mr. Ratigan tell it, the American people are being held hostage by a banking system that acts like a government subsidized casino. His analogy: “My mother is paying taxes to the government. The government is giving her money to the banks. The banks are gambling like they’re watching ‘Fast Money.’ But my mother didn’t sign up for that.”
Mr. Ratigan said flatly, “As long as there’s been banks and governments, banks and governments have been conspiring to take money from the people.” What has changed now, he said, is that “we have the ability to engage it directly,” through fair elections and a free press. The first step in his playbook, then, is to end the denial about it through his show.
