Financial Media Star Jumps to Morgan Stanley

Gary Kaminsky
(photo: CNBC)

Gary Kaminksy, CNBC's capital markets editor, is reported to be preparing to move to financial titan Morgan Stanley. The CNBC talking head will become a different sort of head -- the vice chairman of MS' brokerage department. Kaminsky does have prior, high-level finance experience, so the move is something more than just window dressing. The entire story is noted in the financial blog zerohedge.com.

What's novel about this story is its parallels to the Beltway style of careerism, in which public service and private labor become a very profitable, and power-centric, ballet. Kaminsky's move suggests Wall Street and big-league media have become dance partners similar to its DC cousins. The consequences of major league finance becoming intertwined with message distributors such as Comcast are bleak ones for a public longing for "objective" news.