Thursday, Feb 26th, 2009 CNBC anchors were left dumbfounded and acted overtly cantankerous yesterday after Congressman Ron Pauls opening statement at the House Financial Services Committee was broadcast live to an audience of millions.
CNBC went live to the House, clearly without knowing that the Texas Congressman had the initial Republican statement at the hearing of Fed Chairman Ben Bernanke.
After the Congressman spent two and a half minutes lecturing Bernanke on sound money principles, warning that the financial crisis cannot be solved by merely creating credit out of thin air, CNBC cut back to the studio.
Anchors Erin Burnett and Mark Haines were so perturbed by what they had just heard that they immediately cut to a commercial break:
Haines: "This is not going as planned"
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