October 19, 2012
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4:55Now Playing"Hat tip to Business Insider's Linette Lopez, who picked up on CNBC chief apologist anchor Maria Bartiromo's bit of insight on why Citigroup CEO Vikram Pandit decided to wake up this morning and ditch his job with no explanation.
Why We Should Celebrate Paul Ryan's Soup Kitchen Visit Helaine Olen Helaine Olen Contributor
According to Bartiromo, Pandit was tired of working for no money, especially since that mean Barack Obama and those "populists" were bashing him and all.
That's right. According to Bartiromo, a 2011 pay package worth $14.9 million is "no money."
Enablers like Bartiromo are one of the reasons we have whining billionaires like those portrayed by Chrystia Freeland in Plutocrats. It's not enough to make scads of money while everyone else picks up the bill for your bank's missteps. People need to be nice to you while you are at it. They can't hurt your feelings.
Admittedly, expecting anything less ridiculous from CNBC would be optimistic. This is the network, after all, where anchors have quizzed Allan Stanford about what it is like to be a billionaire, and defended the use of lead in children's toys."* Cenk Uygur explains what Bartiromo said in defense of Citigroup's Vikram Pandit, and why it might just make her the worst news anchor.
*Read more from Helaine Olen/Forbes:
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