Wednesday, March 18, 2009

CNBC hires former Bush flack Tony Fratto.

Yes, CNBC hires Fratto. Is Dana Perino next?

Thinkprogress:


Earlier Tuesday, CNBC discussed a congressional proposal to create a systemic risk regulator for the financial industry. To analyze the feasibility and necessity of such a regulator, CNBC introduced one of its newest “contributors,” Tony Fratto, who most recently served as former President Bush’s Deputy Press Secretary. But rather than comment on the merits of the systemic risk regulatory plan, Fratto simply claimed that Congress is “dangerously” motivated to over regulate by a thirst for “vengeance” stemming from the current financial crisis.

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