Tuesday, August 04, 2009

Talking heads on CNBC

One of the benefits of working at home recently has been that I haven't been subjected to CNBC in public spaces, but I tuned in the other day while constructing boxes. And there before me was a familiar face, an attractive blonde Russian woman with her own "quant trading strategy" firm -- an energetic self-promoter, met with her in summer of 08, had a beverage in the basement of Grand Central, where she was all too happy to minimize expenses and jumped at the chance to advise on a simple FX transaction.

As of August '08 co-published an article (with her husband) on raising capital from high net worth customers (rich people but nonetheless retail clients) through structured products, which seems like a relic of a bygone era.

The other day she was talking about whether CITI is too big to fail, she talked too much and tripped over herself and got beat down by a more media-savvy guy from Connecticut AG's office.

Generally speaking, this is indicative of CNBC's status as a good source of analysis: this woman really didn't need to be commenting on Citi, nor was she particularly qualified to do so, but she fills the screen better than she does the air waves, and she'll do it, so hell, run with her.

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