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Pastimes : CNBC -- critique.
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To: crh02 who wrote (3942)11/5/1999 11:36:00 AM
From: Thomas M.  Read Replies (1) of 17683
 
Just how does a participant in these sites censor another?

When one party threatens the other with legal action. Ian Stromberg threatened Fleckenstein with SEC action, which for a fund manager is a huge amount of red tape. For Ian, on the other hand, writing these threats on SI only takes a few minutes. The intent was clear, to eliminate negative opinions and facts from the discussion.

I called him a Communist not as a childish insult, though his childish intellect perceived it as such. Perhaps the greatest undoing of Communism is the fact that Communist regimes do not want to let businesses fail, and cover up all signs of distress. The acceptance of failure is capitalism's greatest virtue. That is the real beef we have with CNBC. Constantly cheerleading stocks to go up is irresponsible, and encourages an environment in which nobody considers the downside.

Tom
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