CNBC Guest Likens Network to PR Agency

Jim Rogers, chairman of Rogers Holdings, likened CNBC to a PR agency yesterday, during an appearance on CNBC Europe. The comment came in response to a question about the recent “stress tests” of European banks.

Here’s the exchange that took place at around 3:40 in the above video:

ANNA EDWARDS: So in that sense, could you say that the stress tests have proved to be successful?

ROGERS: Well, I said it was PR, Anna. They’ve got the stocks up.