Peter Schiff: CNBC is also responsible for promoting the SBF and FTX scam.

Kahn332

Peter Schiff, Chief Economist and Global Strategist at Euro Pacific Capital, accuses CNBC of biased reporting that has fostered the FTX scam by Sam Bankman-Fried (SBF). Schiff criticizes CNBC for treating SBF as a ""deity"" and failing to scrutinize FTX's operations. He believes CNBC is complicit in promoting SBF's scheme and should take responsibility for the losses incurred by FTX customers.

Furthermore, Schiff alleges that regulatory agencies and politicians were also involved in the scam. SBF could never have escaped his scheme without the assistance of politicians who are alleged to have accepted his bribes. Schiff suggests that the ""incompetence of regulatory agencies demonstrates that the free market can do better.

Iti9

Responsibility is definitely there.

Ritu13

It feels like everyone associated with this is implicated.

Janak9955

We should take a closer look at this.