Friday, July 24, 2009
... [CNBC reporter Charlie Gasparino] does make a good point: people do in fact get a lot of their information from the Internet. More and more in fact. And the reason is because they now openly mistrust organizations which have massive reporting conflicts of interest, compliments of their highly troubled parent companies, whose well being (and by extension, the paychecks of said TV pundits) depend on the perpetuation of the confidence and economic soundness fallacy.
Furthermore, Zero Intelligence is not an investment advisor, nor does it promote any securities. If we did, we would disclose it. Just like you should disclose at the beginning of every segment that CNBC is a direct subsidiary of GE which is a recipient of over $51 billion in taxpayer cash via the FDIC's TLGP. Having your interns actually perform some diligence before that 2 minute soundbite "exclusive" is a great way to spend some of that $51 billion...
More on CNBC:
Why you should be highly skeptical of EVERYTHING on CNBC
CNBC commentator gets feelings hurt by "cowardly" and "mean-spirited" bloggers
Why megastar Maria Bartiromo refuses to be interviewed for anything but puff piecesTopics: 
Cruxallaneous
Friday 24 July 2009
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