CNBC has been on a personal jihad against all that think that they are nothing but useless pustules. They have been producing more and more "hard" hitting documentaries. From the Mafia on Wall Street to Counterfeiting of goods, we have been alerted by these pustules that they indeed have something to say.
Well, if CNBC is really serious about investigative reporting, how about doing an in depth, hard hitting, on the seat of your pants documentary on this little story about their parent company?
GE pays $23M to settle Iraq kickback charges
http://www.google.com/hostednews/ap/article/ALeqM5jIufn6vktu0wenQBY3Wp_7A8pPMgD9H7G11O0
Do you think Carl Quintanilla or Becky Quick can muster the courage to do a piece on GE?
I don't think so, it just means we will see more poorly produced documentaries in the near future. If CNBC sticks to the script, look for a documentary on how the International Banks gutted the global economy in about 10 years. That is pretty much the time gap that CNBC is on.
The following piece by Jim Rodgers is classic. He was on CNBC yesterday.
The best part is at 2:48 of the piece where the two bimbo CNBC hosts start to talk about the European Stress Tests. They try to explain to Jim Rodgers that the stress tests were legitimate and that all is well in Europe. Jim Rodgers has this smile on his face like "You two really are easy to convince."
CNBC along with Bloomberg News are nothing more than a PR Agency for Wall Street and Big Business.
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