Dylan Ratigan
Encyclopedia
Dylan Jason Ratigan is an American
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 television host primarily covering financial markets, the global economy, and politics. He is host of The Dylan Ratigan Show which airs weekday afternoons on MSNBC
MSNBC
MSNBC is a cable news channel based in the United States available in the US, Germany , South Africa, the Middle East and Canada...

. He is also a frequent contributor on The Huffington Post
The Huffington Post
The Huffington Post is an American news website and content-aggregating blog founded by Arianna Huffington, Kenneth Lerer, and Jonah Peretti, featuring liberal minded columnists and various news sources. The site offers coverage of politics, theology, media, business, entertainment, living, style,...

.

Early life

Ratigan was born in the village of Saranac Lake
Saranac Lake, New York
Saranac Lake is a village located in the state of New York, United States. As of the 2010 census, the population was 5,406. The village is named after Upper, Middle, and Lower Saranac Lakes, which are nearby....

 in upstate New York
Upstate New York
Upstate New York is the region of the U.S. state of New York that is located north of the core of the New York metropolitan area.-Definition:There is no clear or official boundary between Upstate New York and Downstate New York...

. He earned a Bachelor of Arts degree in political economics
Political economy
Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy...

 from Union College
Union College
Union College is a private, non-denominational liberal arts college located in Schenectady, New York, United States. Founded in 1795, it was the first institution of higher learning chartered by the New York State Board of Regents. In the 19th century, it became the "Mother of Fraternities", as...

 in Schenectady
Schenectady, New York
Schenectady is a city in Schenectady County, New York, United States, of which it is the county seat. As of the 2010 census, the city had a population of 66,135...

, where he was a member of the crew
Sport rowing
Rowing is a sport in which athletes race against each other on rivers, on lakes or on the ocean, depending upon the type of race and the discipline. The boats are propelled by the reaction forces on the oar blades as they are pushed against the water...

 team.

Journalism career

Ratigan served as the Global Managing Editor for Corporate Finance at Bloomberg News Service, and before that had covered Mergers and Acquisitions
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...

, the U.S. Stock Market
Stock market
A stock market or equity market is a public entity for the trading of company stock and derivatives at an agreed price; these are securities listed on a stock exchange as well as those only traded privately.The size of the world stock market was estimated at about $36.6 trillion...

 and IPOs. At Bloomberg, he co-created and hosted Morning Call
Morning Call (CNBC)
The Call was an American TV business program on CNBC, aired from 11AM to 12 noon ET weekdays. Previous programs shown in the same time slot were The Money Wheel with Ted David and Martha MacCallum and Market Watch and Morning Call....

for Bloomberg's cable network and the USA Network
USA Network
USA Network is an American cable television channel launched in 1971. Once a minor player in basic cable, the network has steadily gained popularity because of breakout hits like Monk, Psych, Burn Notice, Royal Pains, Covert Affairs, White Collar, Monday Night RAW, Suits, and reruns of the various...

. He has served as a contributor to ABC News
ABC News
ABC News is the news gathering and broadcasting division of American broadcast television network ABC, a subsidiary of The Walt Disney Company...

 and his articles have appeared in The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

, The Washington Post
The Washington Post
The Washington Post is Washington, D.C.'s largest newspaper and its oldest still-existing paper, founded in 1877. Located in the capital of the United States, The Post has a particular emphasis on national politics. D.C., Maryland, and Virginia editions are printed for daily circulation...

, The Miami Herald
The Miami Herald
The Miami Herald is a daily newspaper owned by The McClatchy Company headquartered on Biscayne Bay in the Omni district of Downtown Miami, Florida, United States...

and Chicago Tribune
Chicago Tribune
The Chicago Tribune is a major daily newspaper based in Chicago, Illinois, and the flagship publication of the Tribune Company. Formerly self-styled as the "World's Greatest Newspaper" , it remains the most read daily newspaper of the Chicago metropolitan area and the Great Lakes region and is...

.

Ratigan was the host of Fast Money
Fast Money (CNBC)
Fast Money is an American financial stock trading talk show that began airing on the CNBC cable/satellite TV channel on 2006-06-21. Since October 10, 2007, it has broadcast every weeknight at 5pm ET, one hour after the close of trading on the New York Stock Exchange, until mid-2011 when it was...

(co-created with Susan Krakower and launching on June 21, 2006). Previously, he was the first anchor of CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...

's On the Money
On the Money
CNBC's On the Money, hosted by Carmen Wong Ulrich, is a television program that focuses primarily on personal finance, a programming departure from CNBC's "investor focused" weekday programming....

. He also anchored the CNBC TV program Bullseye
Bullseye (CNBC TV series)
Bullseye is a news and analysis program that aired on CNBC at 6 pm ET weekdays from December 8, 2003 to March 11, 2005. Hosted by Dylan Ratigan, it covered breaking news stories from business to pop culture and offered guidance on personal finance with the help of CNBC reporter Steve Liesman and...

for about a year and a half. In addition to his former duties as co-anchor on Closing Bell
Closing Bell
Closing Bell can refer to two CNBC programs, the original Closing Bell on CNBC , and European Closing Bell on CNBC Europe.-About the show:...

, Ratigan was a rotating co-anchor of The Call.

Ratigan left CNBC on March 27, 2009 when his contract ended. The New York Times
The New York Times
The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

reported he was considering all options but quoted him as saying he was dedicated to covering the economy, "the story that is affecting every American in every setting."

Morning Meeting launched June 29, 2009. Ratigan also contributes to other NBC News
NBC News
NBC News is the news division of American television network NBC. It first started broadcasting in February 21, 1940. NBC Nightly News has aired from Studio 3B, located on floors 3 of the NBC Studios is the headquarters of the GE Building forms the centerpiece of 30th Rockefeller Center it is...

 programs. Ratigan described the show's imperative as "to discuss any and all political issues with no directive other than to provide compelling content." The show was the second ever on the network to air in HD
High-definition television
High-definition television is video that has resolution substantially higher than that of traditional television systems . HDTV has one or two million pixels per frame, roughly five times that of SD...

, as the network launched their programming in that format.

MSNBC announced in December 2009 that, beginning in January 2010, Ratigan would no longer host Morning Meeting and would instead host a new program, The Dylan Ratigan Show which
debuted on January 11 and airs weekday afternoons.

On May 27, 2010, Ratigan appeared as a guest host on the daily internet news and opinion show, The Young Turks
The Young Turks (talk show)
The Young Turks is a progressive Internet talk show via live web stream and YouTube, and starting in late 2011, a weeknight news and political commentary program airing on Current TV. It was Sirius Satellite Radio's first original talk programming. The Young Turks claims to be the first Internet...

. Cenk Uygur
Cenk Uygur
Cenk Kadir Uygur , is the main host and co-founder of the liberal Internet and talk radio show, The Young Turks . A naturalized U.S. citizen, Uygur was born in Turkey and raised from age eight in the United States. He worked as an attorney in Washington D.C. and New York before beginning his career...

, regular host of The Young Turks is a frequent guest on The Dylan Ratigan Show.

Reporting

Ratigan reported on NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

 for the program NASCAR Gold and about Las Vegas
Las Vegas metropolitan area
The Las Vegas Valley is the heart of the Las Vegas-Paradise, NV MSA also known as the Las Vegas–Paradise–Henderson MSA which includes all of Clark County, Nevada, and is a metropolitan area in the southern part of the U.S. state of Nevada. The Valley is defined by the Las Vegas Valley landform, a ...

 for Las Vegas, Inc on CNBC on Assignment
CNBC on Assignment
CNBC on Assignment is a series of business reports running on the TV channel CNBC.The program's reports have included:*The Age of Wal-Mart, a report by David Faber about Wal-Mart*The eBay Effect, another report by David Faber about eBay...

.


Ratigan won the Gerald Loeb Award
Gerald Loeb Award
The Gerald Loeb Award, also referred to as the Gerald Loeb Award for Distinguished Business and Financial Journalism, is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was established in 1957 by Gerald Loeb, a founding partner of...

 for 2004 coverage of the Enron scandal
Enron scandal
The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world...

.

In Ratigan's final CNBC broadcast from the floor of the NYSE he reported on what he called "an important story developing" that Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...

 and "a variety of European banks," in his assessment and that of his guests, essentially "perpetrated securities fraud
Securities fraud
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws....

" and an "insurance fraud
Insurance fraud
Insurance fraud is any act committed with the intent to fraudulently obtain payment from an insurer.Insurance fraud has existed ever since the beginning of insurance as a commercial enterprise. Fraudulent claims account for a significant portion of all claims received by insurers, and cost billions...

 scam" against AIG
AIG
AIG is American International Group, a major American insurance corporation.AIG may also refer to:* And-inverter graph, a concept in computer theory* Answers in Genesis, a creationist organization in the U.S.* Arta Industrial Group in Iran...

 — and, by extension, the government and taxpayers funding that insurance company's "bailout" — by insuring their questionable investment vehicles
Collective investment scheme
A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group...

 and, upon their devaluation
Devaluation
Devaluation is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can be exchanged....

, making claims on them to be paid by AIG "at 100 cents on the dollar" despite all of the markdowns "being forced upon every other" entity including the government, banks, shareholders, bond holders, taxpayers and homeowners.

"I think that it should be a bigger political issue than whether somebody bought an airplane ... Forget the private jets, forget who got a million dollar bonus. Fifty billion dollars," he said, minimizing what he saw as populist
Populism
Populism can be defined as an ideology, political philosophy, or type of discourse. Generally, a common theme compares "the people" against "the elite", and urges social and political system changes. It can also be defined as a rhetorical style employed by members of various political or social...

 side issues to "the real question" of how "government policy makers" are to deal with the "problems of contract law" inherent in the agreements of businesses receiving government assistance during the financial crisis.

"The banks are being asked to take 'haircuts
Haircut (finance)
In finance, a haircut is a percentage that is subtracted from the market value of an asset that is being used as collateral. The size of the haircut reflects the perceived risk associated with holding the asset...

' on their toxic assets, why are the Goldmans and the Deutsche Bank
Deutsche Bank
Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets...

s of the world not being asked to take haircuts on their toxic credit default swaps? It's a real question. I will continue to pursue it for sure, I hope others will as well." Ratigan praised New York Attorney General Andrew Cuomo
Andrew Cuomo
Andrew Mark Cuomo is the 56th and current Governor of New York, having assumed office on January 1, 2011. A member of the Democratic Party, he was the 64th New York State Attorney General, and was the 11th United States Secretary of Housing and Urban Development...

's subpoena
Subpoena
A subpoena is a writ by a government agency, most often a court, that has authority to compel testimony by a witness or production of evidence under a penalty for failure. There are two common types of subpoena:...

 of AIG to determine the bank payouts as "legitimate inquiry" and looked forward to "a body of lawmakers in Washington D.C. who are going to ask, it appears, some of the same questions that I'm asking."

2011 rant

On the August 10, 2011, broadcast of The Dylan Ratigan Show, in a round table discussion of the market meltdown following the Budget Control Act of 2011
Budget Control Act of 2011
The Budget Control Act of 2011 was passed by the 112th United States Congress signed into law by President Barack Obama. It brought conclusion to the 2011 United States debt ceiling crisis, which had threatened to lead the United States into sovereign default on or about August 3, 2011.The law...

, Ratigan went on a two-minute-long rant against what he perceived to be the state of politics in the United States government, saying:


"We've got a real problem! This is a mathematical fact! Tens of trillions of dollars are being extracted from the United States of America. Democrats aren't doing it, Republicans aren't doing it. An entire integrated system, financial system, trading system, taxing system, that was created by both parties over a period of two decades is at work on our entire country right now. And we're sitting here arguing about whether we should do the $4 trillion plan that kicks the can down the road for the president for 2017, or burn the place to the ground, both of which are reckless, irresponsible, and stupid."


The video of his impassioned speech went viral
Viral video
A viral video is one that becomes popular through the process of Internet sharing, typically through video sharing websites, social media and email...

 and was praised by other media sources. TV Newser
TV Newser
TV Newser is an industry "ticker" blog, hosted by mediabistro.com, covering daily developments in the American television news industry. The blog is followed by a fair number of media executives and top talent: at a January 2006 luncheon of the American Society of Newspaper Editors, the keynote...

 wrote that it was "a powerful, emotional editorial on the economy and Washington". On a followup post on his website the day after he wrote that he had received a lot of positive mail from viewers, writing "I’m mad as hell. And according to the piles and piles of responses I got after my rant, so are you."

Appearances

Ratigan appeared on The Oprah Winfrey Show
The Oprah Winfrey Show
The Oprah Winfrey Show is an American syndicated talk show hosted and produced by its namesake Oprah Winfrey. It ran nationally for 25 seasons beginning in 1986, before concluding in 2011. It is the highest-rated talk show in American television history....

in 2008 to discuss the financial crisis. He has also appeared on The Colbert Report with Stephen Colbert
Stephen Colbert
Stephen Tyrone Colbert is an American political satirist, writer, comedian, television host, and actor. He is the host of Comedy Central's The Colbert Report, a satirical news show in which Colbert portrays a caricatured version of conservative political pundits.Colbert originally studied to be an...

 and Late Night with Conan O'Brien
Late Night with Conan O'Brien
Late Night with Conan O'Brien is an American late-night talk show hosted by Conan O'Brien that aired 2,725 episodes on NBC between 1993 and 2009. The show featured varied comedic material, celebrity interviews, and musical and comedy performances. Late Night aired weeknights at 12:37 am...

.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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