10) The Archive

Those who would hijack the legal institutions shielding society from Wall Street perfidy must hijack the political institutions overseeing them, hijack the media’s discourse about those institutions, and hijack social media’s discussion of all of it. The capture must run deep to be stable. So deep, in fact, that records of the past become untrustworthy. Stories have disappeared from databases and video clips from websites. This chapter will serve as an archive of material to which the rest of DeepCapture may link. Those who wish to take issue with DeepCapture’s archiving and deconstruction of their copyrighted articles and videos (and, perhaps, emails) know where to find us.

Charles (”Charlie”) Gasparino, CNBC, April 26, 2006

May 24th, 2008 by Patrick Byrne

On April 26, 2006 Charles Gasparino delivered this story regarding SEC Chairman Chris Cox’s testimony to the Senate Judiciary Committee.

As a prefatory comment, however, I should note that as far as I can tell, Charles Gasparino is the only honest reporter at CNBC (Donny Deutsche is honest but he is not a reporter, and Becky Quick is a reporter, but she does not go out of her way to be honest or dishonest).

There is, I believe, something important to be learned from this fact. Most Wall Street reporters I meet seem soft. A few are dumb (don’t ask Joe Nocera, Roddy Boyd, or Tim Mullaney to whip up a batch of jet-fuel for you) but most are just soft. They may be capable of writing critical pieces regarding this or that executive or company, if spoon-fed the requisite details by their hedge fund sources, but they are constitutionally incapable of thinking critically about the Establishment from whence they spring.

Hence, for example, as previous posts have shown, CNBC adopted a Party Line that recognized no distinction between short selling and naked short selling, insisted that Patrick Byrne’s beef is just that his stock went down, short selling always builds strong bones and teeth for America, and anyone questioning this received wisdom must be wacky wacky wacky. This Party Line was parroted with fervor by Herb Greenberg, Jim Cramer, Joe Kernan, Dan Colarusso, and the rest of the CNBC gang.

Charles Gasparino, on the other hand, is a tough working-class Italian guy from the Bronx. He is not soft and, as as a result, he had the character to speak up. This makes Gasparino seem extraordinary. In fact, however, I think he is how normal journalists were, one or two generations ago.


Posted in 10) The Archive |

3 Responses

  1. joe maz Says:

    charlie is one of the main reasons I watch CNBC

  2. Dan, Ormond Beach FL Says:

    Charlie Gasparino is an idiot. He is a shill for the wall street crooks. He makes watching CNBC nearly impossible.

  3. Diana Says:

    Charlie, you are the only one not an emotional wreck…Donny Deutsche, like Sen Schumer and Sen Reid appear to be intentionally trying to create panic among the mobs looking for a Messiah. Hang in there and keep telling the truth. I have 3 lots in Costa Rica. I’d be happy to have you for a neighbor!!! This is the Nanny States of America. God Help us.

    Diana California

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