How about the brilliant takedown of former derivatives trader, now CNBC reporter, Rick Santelli by Robert Gibbs? (Chris eviscerates Santelli and his ilk below, too.)
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I feel about CNBC reporters the way I feel about the White House reporters who sat by and let Bush lead us into a war. The CNBC crew were cheerleaders for Wall Street over the past few years. But, while they were cheerleading, the biggest economic collapse since the great depression was unfolding.
CNBC's reporters were too busy sucking up to corporate CEOs and hopping rides in their corporate jets. Remember how CNBC's star, Maria Bartiramo, was flying around on the Citigroup jet? Yes, that Citigroup, the one right at the center of this fiscal calamity. CNBC defended her, of course. And, seriously, how was a reporter supposed to know that things might be going south? It's probably mean of us to even suggest that they should have been asking hard questions. That might have caused problems with all of their rich Wall Street friends...the derivative traders and people like that.
The network is a massive fail. They let the economic collapse happen right under their noses. Now, one of the CNBC family, Rick Santelli, the former derivatives trader, is showing outrage at Obama. Please. "Former derivatives trader" is all you need to know about him. He's one of them.
The only worthwhile thing on CNBC is Suze Orman. They should turn the network over to her. We'd all be better off.
