Former Wall Street whistleblower Pam Martens has an interesting look at the Maria Bartiromo/Citigroup scandal that actually focuses on her employer’s long-standing relationship with the bank.
On the Counterpunch web site, Martens provides a number of examples where CNBC and the bank have co-sponsored events.
“The co-branding effort is so engrained between CNBC and Citigroup that the Wall Street Journal reported that Charles McLean was the spokesperson for both CNBC’s Maria Bartiromo and Todd Thomson, the Citigroup exec ostensibly ousted for getting too cozy with a reporter. What the Journal did not reveal is that Mr. McLean works for The Dilenschneider Group, the public relations firm that specializes in crisis management.
“Mainstream media has been buzzing about CNBC’s failure to report on what has become a major news story. Other reporters have questioned why CNBC has so fiercely defended Maria Bartiromo’s conduct with Citigroup. The answer is that neither CNBC nor Citigroup want the first class cabin’s curtain pulled back on their co-branding scheme, the reason Ms. Bartiromo was on the Citigroup corporate jet.”
Read more here.
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