Rev. Danny Fisher

This from CREDO Action:

We know about the Bush administration turning a blind eye and refusing to regulate bad behavior. We know about the banks that played fast and loose with our retirements, and then, when it all blew up, they took golden parachutes lined with our tax dollars.

On March 12, Jon Stewart of The Daily Show discussed another serious problem: financial news networks like CNBC that promoted Wall Street propaganda and then blamed the financial crisis on “losers” who couldn’t make their mortgage payments.

Stewart took on Jim Cramer of CNBC; the interview was moving, appalling, and a searing indictment that hit home for us here at CREDO…

[Now,] sign the petition:

“We, the undersigned, are deeply disturbed by CNBC’s complicity in the reckless financial practices that led to our current economic crisis. The purpose of journalism is to question, probe, and expose behaviors like these. Instead, CNBC was only too happy to call Americans in foreclosure “losers.” The network gave bad advice that lined the pockets of the superwealthy even as it decimated the retirements of millions of Americans. CNBC is far from the only entity to blame for this crisis, but its complacency has not gone unnoticed. CNBC should act like a news organization, not a propaganda tool of anti-regulation Wall Street gamblers.”

Sign the petition here, and watch the Stewart/Cramer interview in full below.

[Image via TV Guide.]