Charlie Gasparino inks $400,000 advance for book on BSC collapse

Quote from cstfx:

Merrill, Morgan, Goldman..

Who's the 4th?
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I was once a Merrill Broker. If they go next, I'll say it couldn't have happened to a nicer "firm." (The firm in quotes, as they are a sales shop... Clients always came second.)
 
Quote from Cutten:

Gasparino - talentless obnoxious unfunny hack who insults his fellow hosts and couldn't trade his way out of a paper bag.

He joins a long line of CNBC millionaires who made their money polluting the airwaves with noise rather than by actually profiting from wise trading or investment counsel and/or expertise (which they should have, in order to be qualified to comment on markets). Whether accidentally or no, the fact is that he is part of a grand scheme to conspire to fleece the US investing public out of their hard-earned savings by promulgating short-termist, hype-driven, misleading bullsh*t. He should be jailed just as much as the conmen he is claiming to be exposing.
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These guys on CNBC get so spew it, and there is ZERO that can be done to them by the regulators. No repercussion at all!!!!

They put out their financial porn, and unlike a licensed broker, or advisor, they get away with it.

If it were a B/D or RIA spewing garbage like that, they would be shut down, and broke from the fines.

CNBC is a huge headache for Advisors these days, as people watch that garbage, and go put their money in CD's. They tell me (once I finally get it out of them why they are 100% in cash), "the news (CNBC mainly) is always coming out ("breaking news") with stocks dropping, and an economic crisis is coming."

Long story short, the negative shit that sells on CNBC has created an environment where people don't know what to do. What do they do, when they don't know what to do? Nothing! That's human nature.

Maybe the "moms and pops" out there who have been beaten down by CNBC financial porn, can sue them for Opportunity Cost?:D After that, maybe the CNBC talking heads will become accountable to the regulators for anything they spew! Ooh rah!:)

(I like Santelli though.)
 
"Gasparino has the real pulse and real sources on the street." Huh? He has been pumping up BSC for a long time on complete bullshit rumors. I have heard him on just about every CNBC show talking about the firm being taken over and now its hanging by a thread from bankruptcy. "... the pulse on the street ", ??? He was a shill/ patsy the whole time. He was either a complete fool or a tool that the firms insiders used to keep the stock up.
 
Quote from cstfx:

If this is true, that Goldman refused to use Bear as a counterparty, this means that they effectively sealed Bear's fate and used rumors and fear to drive one of their competitors out of business. That's way too shifty, but with all Goldman has been doing lately to be THE brokerage to deal with, I wouldn't be surprised.

I wonder if in the nature of this climate Goldman can be somewhat liable for this collapse as well.
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GS would slit their own childs throat for money. They worship money just like in the bible.
 
Quote from musclemoney:


CNBC is a huge headache for Advisors these days, as people watch that garbage, and go put their money in CD's. They tell me (once I finally get it out of them why they are 100% in cash), "the news (CNBC mainly) is always coming out ("breaking news") with stocks dropping, and an economic crisis is coming."

Long story short, the negative shit that sells on CNBC has created an environment where people don't know what to do. What do they do, when they don't know what to do? Nothing! That's human nature.

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A fool and his money...

The quintessential CNBC viewer these days:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=122108
 
Quote from Aaron Copland:

Why are the investment banks and security dealers getting tax payer money from the fed this just blows my mind.

Its wrong just plain wrong.
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Because if the system collapses there will be NO Money at all.

Did I need to spell that out for ya?

See Dick Run. See Jane Run.

djreader-2.jpg
 
Quote from Aaron Copland:
Why are the investment banks and security dealers getting tax payer money from the fed this just blows my mind.

Its wrong just plain wrong.
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When the house next door is on fire, why is the government spending tax dollars to bring in the fire brigade to put out the fire. Maybe so the whole neighborhood doesn't catch fire and your house doesn't burn down, too?

Is that also plain wrong?
 
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