The Onion mocks CNBC

Linette Lopez of Business Insider writes about how the satirical news site The Onion has mocked business news network CNBC with a story.

Lopez writes, “In terms of business news, though, no network has been more criticized than CNBC. The channel was  mentioned over and over again in Heleine Olen’s recent book “Pound  Foolish: Exposing the Dark Side of the Personal Finance  Industry,” and even before that, USA Today, Jon Stewart and  more accused the network of working investors into a frenzy for ratings.

“Well now it’s The  Onion‘s turn. Check out this headline —‘Everyone  Who Started Watching ‘Mad Money’ In 2005 Now Billionaires’.

“An excerpt (from The Onion):

“[Host] Jim  Cramer turned out to be 100 percent accurate  with every stock he said to buy, sell, or hold; I started out by investing $600,  and now I have a net worth of $4.1 billion,’ said former dishwasher Paul Welling  from the plush 100-seat TV room aboard his custom luxury yacht. ‘All I had to do  was follow Jim’s investment instructions and then sit back as the millions upon  millions rolled in every day for the past eight years. And actually, I myself  watched no more than three times weekly, and today I own a media  conglomerate.'”

Read more here.