{"id":841,"date":"2008-03-24T03:16:24","date_gmt":"2008-03-24T10:16:24","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=841"},"modified":"2008-03-24T16:23:13","modified_gmt":"2008-03-24T23:23:13","slug":"fox-business-network-ad-deliberately-dishonest","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=841","title":{"rendered":"Fox Business Network Ad Deliberately Dishonest"},"content":{"rendered":"

A couple of weeks ago, CNBC’s Jim Cramer was asked by an emailer<\/a> if he should liquidate his account at Bear Stearns. Cramer said:<\/p>\n

“No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.”<\/span><\/p><\/blockquote>\n

Shortly thereafter, Bear Stearns stock collapsed and the company was taken over by JP Morgan Chase. Cramer himself has been castigated and ridiculed for his response from many quarters, and now the Fox Business Network is piling on with a new ad:<\/p>\n

<\/div>\n

The only problem with the ad and other criticism is that Cramer was right. The critics are either being deliberately dishonest or they have a severe case of attention deficit disorder. The emailer was asking specifically about Bear Stearns’ liquidity and whether he should close his deposit account. He was not asking about the company’s stock value and Cramer’s response had nothing to do with that. Cramer correctly pointed out that the company’s depositors would be fine because the Federal Reserve guaranteed those funds and that the worst that would happen is that another firm would acquire them. That’s exactly what did happen.<\/p>\n

But that hasn’t stopped Fox from publishing a deceitful ad that misrepresents Cramer’s advice. It’s actually kind of funny that the ad’s tagline is “Turbulent Times Call For A Credible Network.”<\/em> Credible? You mean like a network that doesn’t lie in their advertisements? I think this would be a more appropriate ad:<\/p>\n

<\/div>\n

I’m no apologist for Jim Cramer. He has a pretty lousy track record on stock recommendations. And for a TV personality who behaves like a clown, he violates the most important rule for a clown – be funny! However, when he’s right he shouldn’t have to take heat from the likes of Fox – the network that, on their first day of broadcast, featured the “Naked Cowboy<\/a>“<\/em> offering financial guidance.<\/p>\n

For the Record:<\/strong> On July 13, 2007, FBN’s current Managing Editor, Neil Cavuto disputed reports of the economy’s weakness saying that he “[didn’t] believe a word of it.”<\/em> Since then the Dow has dropped 1,469 points (10.6%), the mortgage market has thrown thousands into foreclosure, and now a financial powerhouse has been reduced to rubble. That’s the sort of credibility you can expect from FBN which calls itself: The Network You Can’t Afford To Miss.<\/em> More like: The Network You Can’t Afford To Watch.<\/p>\n","protected":false},"excerpt":{"rendered":"

A couple of weeks ago, CNBC’s Jim Cramer was asked by an emailer if he should liquidate his account at Bear Stearns. Cramer said: “No! No! No! Bear Stearns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear.” Shortly thereafter, Bear Stearns stock collapsed and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1,8],"tags":[233,182,139,135],"class_list":["post-841","post","type-post","status-publish","format-standard","hentry","category-general","category-propaganda","tag-cnbc","tag-fbn","tag-jim-cramer","tag-neil-cavuto"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-dz","jetpack-related-posts":[{"id":1222,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1222","url_meta":{"origin":841,"position":0},"title":"Rupert Murdoch’s New York Post Attacks Jon Stewart","author":"Mark NC","date":"3\/17\/2009","format":false,"excerpt":"In another example of Rupert Murdoch using his financially disastrous New York Post to whip people with whom he disagrees, the Post's Page Six published a ridiculous hit piece on Jon Stewart. The article points an accusatory finger of shame at Stewart for the sin of talking to his brother:\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1218,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1218","url_meta":{"origin":841,"position":1},"title":"What’s Up With CNBC?","author":"Mark NC","date":"3\/12\/2009","format":false,"excerpt":"The cable news wars have been raging for years. But for the most part the combatants have been confined to the big three: Fox News, CNN, and MSNBC. Headline News and CNBC have been regarded as niche players that weren't really on the front lines. All of a sudden CNBC\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1223,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1223","url_meta":{"origin":841,"position":2},"title":"Tucker Carlson Gives Jon Stewart Tips On Comedy","author":"Mark NC","date":"3\/18\/2009","format":false,"excerpt":"If nothing else, Tucker Carlson's latest column for the Daily Beast is a fount of unintentional hilarity. The notion that the former bow tie twerp has anything enlightening to say on any subject has long since been debunked. But for him to have the audacity to presume that he can\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1221,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1221","url_meta":{"origin":841,"position":3},"title":"Keith Olbermann Was Right About TVNewser","author":"Mark NC","date":"3\/17\/2009","format":false,"excerpt":"In the recent dust up between Comedy Central's Jon Stewart and CNBC's Jim Cramer, TVNewser inserted itself into the controversy with an anonymously sourced item that asserted that MSNBC was told to refrain from stories on the matter. TVNewser's Steve Krakauer did not reveal who told MSNBC to do this,\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":456,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=456","url_meta":{"origin":841,"position":4},"title":"Media Gangs Up On John Edwards","author":"Mark NC","date":"6\/1\/2007","format":false,"excerpt":"In the past couple of weeks, the press has taken a decidedly negative turn on John Edwards. The ferocity of the attacks and the diversity of their origin is curious, to say the least. Their obsession with housing and haircuts and speaking fees has become all-consuming. This media phenomenon was\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20798,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=20798","url_meta":{"origin":841,"position":5},"title":"Fox News: A Fanged Threat To Freedom Of The American People","author":"Mark NC","date":"10\/2\/2014","format":false,"excerpt":"President Obama delivered a speech this afternoon on the state of the economy. Coming just a month before the critical midterm election, it was a significant opportunity to communicate the facts that Americans need to know prior to voting. So of course, Fox News was the only cable news network\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=219"},"img":{"alt_text":"Fox News","src":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/foxnews-fanged-threat.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/foxnews-fanged-threat.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.newscorpse.com\/ncWP\/..\/Pix\/Trump\/foxnews-fanged-threat.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=841"}],"version-history":[{"count":0,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/841\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}