What,s wrong with business tv

Business TV CNBC,bloomberg,CNN(Lou Dobbs).They are all can be lumped into talking heads as they talk a lot and do not say anything of substance.Their job seems to be throw a lot of data and muddle the thinking.This may serve the entrenched group.By muddling the info they are able to avoid responsibility and promote status quO.Larry Kudlow and company have been against lowering the interest charged on credit cards as price control.They should know that when economy is hurting all have to sacrifice even talking heads would have to take pay cuts. they should know that their pay is connected to earnings and if they do not serve their constituents well by information not shouting and entertainment.They will make lesser money.These have become holy cows of the business .They should not act like bureaucrats.

It is about time that fairness in credit cards be regimented even if we have to do it by regulation .When free enterprise fails to function by reducing competition and collusion it is time that the organisations be asked to explain why they are charging such rates particularly at a time we have given them 700 hundred billion dollars.we have also lost more than trillion dollars in investments because of their failures .these credit card companies have been taking undue risk to show growth and been charging all of us for it.

LET US NOT FORGET OUR BANKING SYSTEM AND CREDIT SYSTEM IS NOT BUILT ON GIMMICKRY BUT ON SOLID PRINCIPALS OF EQUITY AND FAIRNESS.