Hey Charlie You Gas Bag!

Charlie "gasbagarino" Gasparino,

How does it feel to be the butt of jokes on Wall Street? I know you're trying to make a name for yourself by getting ahead of the story so that you can be known as the CNBC editor who "BROKE" the AMBAK bailout. Perhaps you're looking towards the future and see some book deals? Lectures? Maria "Barfaromo" Bartiromo's spot? Sigh...

You used to be respectable and even hard nosed. Now you have become just a former half shell of yourself. Does your mother call you these days? Do you like yourself when you look into the mirror? Is this what you had in mind when you decided to be a reporter on Wall Street?

What? You don't know what I'm talking about?

How about this? You have been pounding the table about AMBAK in one way shape or form since the middle of January. You have been all over the place regarding this. One day, you're bearish and the other days, well, you just have to wonder how much you're being paid by AMBAK or by the hedge funds who continually try to pump the stock market by you spreading the "non news" for their own short term financial gains. Isn't this the sort of thing that you detest about Wall Street when you decided to become a reporter on Wall Street? So, what happened?

Now the deal may not work? They're hitting a snag? Of course it won't work, you know that. You are the instrument of Wall Street's games. You are a minion. You lack credibility now and, yes, you are the butt of jokes on the Wall Street. But, hey, I'm not your mother. You just go ahead in the path that you deem is the quickest route to success in your career. I suspect that you will be going around in circles for a while. While you're at it, look at what happened to Henry Blodget. Makes you think doesn't it? Different times, different pump, same results.

Now go home. Stare at yourself in the mirror and say "What have I gotten myself into?" And maybe, just maybe, if you have any integrity or back bone left, report the truth. Report facts.

I'm not a reporter and the fact is: No amount of bailout can retain AAA rating for a company wo is essentially bankrupt. Doesn't the prospect of splitting the company up into two parts tell you everything that you need to know? Of course you do. But you choose to err on the side of the darkness.

Have a good day. Next week's gonna suck for you.