I understand from several sources that the Government is doing a full scale investigation into CNBC and its web.
This MAY just be rumor.But both my sources have been accurate.
If the rumor is true, it makes sense.It could also explain why insiders are selling GE, beyond their credit facility exposure. Jim cramer is supposedly on the radar
Lets see how the play unfolds.
So this means what? In the long haul, we get a government appointed spokesperson, a cute little liberal named Sunny Sunshine, and the commentary changes to something like:
"Today, the markets struggled to do their part in the restructuring of our Glorious FatherLand! The Everlasting Bottom is most definitely in, although you play at homers may need to slide your official Obama Definition-of-Up scale down 89.4 points to be consistent with our Mark-2-Means-Well national policy. Remember, failure to comply is not only unpatriotic, it's taxable, so move those measures! Now off to the ghost of Willard Scott, and the weather!".
It would be interst to see the outcome if what you suspect is true.
Many times have suspected that CNBC was playing host to paid shills.
And news airings were sanitized to the point of bias in its presentations.
Wow, NBC and CNBC have been the administration's mouthpiece. When they want to destroy people, they leave it up to nbc. So that is a really big surprise. Maybe they just want to eliminate Cramer and Santelli.