CNBC Hires Former Bush Aide Tony Fratto

Think Progress:

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."

Read the whole story: Think Progress