Is This The End Of CNBC As We Know It?
by Tyler Durden
ZeroHedge.com
03/06/2016
Something “disturbing” has emerged for financial pundits whose only job is to appear on CNBC, Fox Business or Bloomberg TV and to present their recurring daily permabullish view while pocketing a commission in exchange for the (almost) free advertising: a proposal which would hold them accountable for their recommendations. The result: an industry-wide panic about a post “fiduciary rule” world in which talking heads on CNBC can’t simply disappear for a few months after saying that “Bear Stearns if fine” days before the bank spontaneously combusts.
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