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kirkydu (93.81)

CNBC a creditor of MF Global???

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October 31, 2011 – Comments (4)

Why is that?  Isn't that a classic conflict of interest?  Isn't CNBC is supposed to be the independent media which reports upon the very important financial industry?  Who else is CNBC invested in that they provide media coverage of?  Am I thinking about this too much?

4 Comments – Post Your Own

#1) On October 31, 2011 at 5:34 PM, chk999 (99.97) wrote:

If CNBC is a creditor or MF Global, it probably means that MF Global bought advertising that was not paid for. Just like the office supplies place and the place that delivers lunch are also creditors because they delivered goods or services but has not yet been paid.

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#2) On October 31, 2011 at 5:49 PM, Frankydontfailme (27.46) wrote:

http://www.zerohedge.com/news/dick-bove-goes-post-lehman-twofer-mf-global-fine

CHK is probably right. You're right to not trust CNBC though... they're dangerously ignorant at best.

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#3) On October 31, 2011 at 5:49 PM, Frankydontfailme (27.46) wrote:

http://www.zerohedge.com/news/dick-bove-goes-post-lehman-twofer-mf-global-fine

CHK is probably right. You're right to not trust CNBC though... they're dangerously ignorant at best.

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#4) On November 10, 2011 at 11:59 PM, kirkydu (93.81) wrote:

oh, that makes a lot of sense.  I feel better now. 

I do keep watching to see if Andrew Ross Sorkin goes over the desk at somebody at some point.  They pick on him non-stop.  It's funny though. 

Honestly, I do like CNBC's interviews and their specials at night are really well done.  I could stand a little less political commentary.

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