Gary Kaltbaum of the Investor's Edge radio program writes:
"So here is the final on what just happened. Charles Gasparino, CNBC commentator...floats a rumor that Ambak COULD BE bailed out on Monday. Notice the words COULD BE. I just emailed CNBC to complain. Why? Simple. This was a blatant attempt to lift the market. Why didnt this yutz wait until 4 pm to float a rumor. Why would CNBC let him float this rumor before 4 pm.
It is my opinion that CNBC continues to "NATIONAL ENQUIRER" the market by constantly floating rumors. They have floated a BSC buyout several hundred times...amongst other c--p.
The SEC should immediately investigate whether this Gasparino yutz bought calls on the market before floating this c--p...and also check anyone he may have talked to. He may even be right and know something...but this is the type of c--p I have railed against for years. It blatantly sucks...and angers me...someone who only asks for a level playing field."