Matthews to Wall Street: No money unless you can explain why you have it

October 22, 2009 | Jim Vicevich | |

First, I am sure this is my last Matthews post for a while. Well I am pretty sure.

But, I … well I just could not stop laughing. Chris Matthews and guests Pat Buchanan and Ron Brownstein kick Wall Street around (deserved) but then demean the entire system. Paraphrasing now but it boils down to … these guys on Wall Street produce nothing … and thus deserve nothing.

Oh, and stick around long enough for the Matthews, Brownstein hypocracy hit … they love the money we make on Wall Street … just not the people who make it happen. Perfect view from the left.

httpv://www.youtube.com/watch?v=SbvoFER8VbA

It really shows a fundamental lack of knowledge of the capital markets. I won’t defend the size of the bonuses these guys get but I will defend what they do. They generate the “paper” as Brownstein puts it … that builds the buildings that house the people that work the machines, that make the products that raise the standard of living that capitalism built.

As for explaining why you deserve the money? Matthews reportedly makes $5 million?

The NBC cable network refused to share salary details with the New York Times, save for the most humiliating one: Matthews is still making more or less $5 million per year. In October that would have been 25 percent more than Olbermann made. Now it’s roughly 33 percent

Hmmmm.

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

1 Comment

  1. Dimsdale on October 26, 2009 at 8:44 am

    Given his viewership and content, I find it surprising that Matthews makes more than the minimum wage.

     

    He must get a personal check from George Soros every week.



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