This is no joke, but last few weeks on CNBC, according to the Fly (therefore true and anyways, I don’t watch CNBC and can’t confirm), some dude named Gasparino was using the last 30 minutes of each trading day to pump the Ambac (ABK) getting financing story. The stock rose to $12.

Here’s the bad news….the deal got done tonight at $6.75 . Woops for you TV viewing suckers chasing CNBC hype.

No accountability and obviously the yutz was influenced like a toy by traders and people with an interest.

A game show provides better money making ideas than CNBC. Criminal.