Word: cnbc
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Most people would forget that exchange before they got out of the cab. But Zandi, 49, stores conversations like these for future use in congressional briefings and spots on CNBC. As the public face of Economy.com - an economic-forecasting company that he started with his brother Karl and a third partner in 1990 and sold to Moody's in 2005 for $27 million - Zandi has the job of predicting the economic future and explaining the tumultuous present to clients that range from Wall Street investors and sovereign wealth funds to staffers from the Commerce and Treasury departments...
...only I'd listened to CNBC, I'd have $1 million today--provided I had started with $100 million.' JON STEWART, Daily Show host, lampooning the business network through a video montage of bad stock-market predictions made by CNBC analysts...
...Almost every stock is down! Any stock you recommended is bad. You know, Warren Buffett, I could run tapes from him--he would look like a complete fool.' JIM CRAMER, host of CNBC's Mad Money, defending the network and saying the CNBC clips were taken out of context...
...massive PIMCO bond firm who has been in conference with the government about participating in the plan, estimates the loans pose up to a $1 trillion problem for the banks, and the new program taps FDIC funds to get investors to buy those loans from the banks. Gross told CNBC today that he would participate in the plan...
Words can hurt. That's a lesson Ben Bernanke learned not long after being confirmed in January 2006 as the head of the U.S. Federal Reserve. At a Washington dinner a few months later, Bernanke responded to a question from CNBC anchor Maria Bartiromo, who asked whether the media and financial markets were right to think that he had signaled the Fed was done raising interest rates. "He said, flatly, no," she reported on her program at about 3:15 p.m. the following Monday, causing stock prices to drop sharply before the market closed. He called that move a mistake...