04/17/2009 05:12 am ET | Updated May 25, 2011

CNBC Hires Former Bush Aide Tony Fratto

Today, Congress is discussing if and how to create a systemic risk regulator for the financial industry, which would oversee all financial institutions and prevent activities that could pose a threat to the entire economy. To analyze the feasibility and necessity of such a regulator, CNBC turned to President George Bush's Deputy Press Secretary, Tony Fratto, who was introduced as a "CNBC Contributor."

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