Along with the system, CNBC’s Charlie Gasparino says business reporters “all failed,” as well. “What we didn’t understand was that this was building up. We all bear responsibility to a certain extent,” he said.
“We journalists have had a long history with accepting what the smart people hand down to us, especially on complicated stuff,” Brancaccio said.
- 'The Kudlow Report' Cancelled, Larry Kudlow Becomes CNBC Senior Contributor
- TV News Bookers Love Senator John McCain
- CNBC Goes to Pot, Again
- During CNBC Interview, Hockey Star Learns She'll Be U.S. Flag-Bearer at Sochi Closing