Friday, January 28, 2011

Disappointment On CNBC This Morning

It was with great disappointment that I learned that Steve Rattner would be a guest host on CNBC this morning.

Here's some information pertaining to Rattner's recent settling of an SEC charge by paying a $6.2MM fine and agreeing to a suspension from activity involving broker/dealers or investment advisers for two years.

Why is CNBC even going near this guy? Is this the best they can do? A guy who has pretty clearly been caught violating SEC regs in a pay-to-play scheme involving pension fund management?

I turned to Fox News for the duration, rather than watch this egotistical guest host. The few words I caught emanating from him were the usual scare stories about how if he hadn't saved GM, the US would have sunk into another Depression and 2-3 million more jobs would have been lost.

Please, spare me this unsubstantiated drivel.

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