CNBC’s Santelli vs. WSJ’s Hilsenrath

Julia LaRoche of Business Insider writes Wednesday about the brouhaha that erupted between CNBC‘s Rick Santelli and The Wall Street Journal‘s Jon Hilsenrath on the air Wednesday.

LaRoche writes, “Santelli told Hilsenrath that the reason that his stories move the markets is because the world at large believes he’s sourced.

“‘That’s a reality. You can protest all you want.’

“Hilsenrath then gave Santelli a lesson in journalism.

“‘Of course I’m sourced. Every good reporter should be.’

“Hilsenrath is the Washington, D.C-based correspondent  responsible for covering the Fed.  It’s widely believed that he has better access to Fed chairman Ben Bernanke and the rest of the Fed than other reporters out there.  He has even earned the nickname ‘Fed Wire.”‘

“Santelli then argued that Hilsenrath doesn’t hold people accountable.

“‘Part of me holding people accountable is holding people like you accountable, Rick,’ Hilsenrath shot back.

“Hilsenrath got Santelli again at the end of the interview.

“‘Where are all the bad things that you have been saying are going to happen?’

Read more here.