EXCLUSIVE: Dylan Ratigan Reveals Why He Left CNBC

EXCLUSIVE: Dylan Ratigan Reveals Why He Left CNBC

Blodget: Last question.  You’ve been right in the middle of this meltdown day after day, interviewing the smartest people, etc.  So is this a new bull market, or is this another suckers’ rally?

Ratigan:  Suckers’ rally.  No question.  That’s not an indictment of the judgement of the market.  That’s just my perception of the ability of the banks to function in a timely fashion, the ability to create meaningful amounts of jobs in the immediate future, and the as-yet unrecognized meaningful losses to come in commercial real-estate and other asset classes…  We’ve gone through a transition where things were getting bad in a freefall, and now they’re just getting slowly worse.  So it’s a transition from jumping out a plane without a parachute, and now, after a year of free-fall, we’ve pulled the parachute, which feels a hell of a lot better than the freefall… I think we’re dealing with a problem that has a few years in it, not a few months.