Government Promoting Bad Behavior ~ Rick Santelli Chicago CME

[peaceandlove]

Do you want to pay for your neighbor's mortgage?

"We're making the Founders roll in their graves"

February 19, 2009

CNBC's Rick Santelli, and his trader friends in Chicago at the CME, have a few things to say about the trillions of dollars being spent by Washington.

Source: http://www.campaignforliberty.com/

Video (4:58): http://www.youtube.com/watch?v=bEZB4taSEoA&eurl=http://www.campaignforliberty.com/

[peaceandlove]

Rick Santelli talks about Ron Paul
Video (:43): http://www.youtube.com/watch?v=vAlACZtfnb8&eurl=http://www.gcnlive.com/&feature=player_embedded

Rick Santelli talks about The FED
Video (1:44): http://www.youtube.com/watch?v=OIDyhBDs29o&eurl=http://www.gcnlive.com/&feature=player_embedded

Rick Santelli talks about The Bailout
Video (1:45): http://www.youtube.com/watch?v=OIDyhBDs29o&eurl=http://www.gcnlive.com/&feature=player_embedded

Rick Santelli talks about Bernanke
Video (5:00): http://www.youtube.com/watch?v=tvpBEBFDMaU&eurl=http://www.gcnlive.com/&feature=player_embedded

[Humble Janitor]

Santelli's just another clueless twit that doesn't understand the burden that the American middle class carries.

I mean NO offense to you, peaceandlove, but many of the people you quote and post about are clueless about how the average American is affected by this economy (Santelli is a great example). We can't have people higher up (Santelli) scolding the middle class for not being more fiscally responsible when we promote the free markets at the same time and we bail out irresponsible CEOs.

Like for example, the University that I work at, the President refuses to take a pay cut. He'd rather leave and he makes $400,000 a year. He is partly responsible for a $28 million budget shortfall that he tries to pin solely on the bad economy.

Why should people below him lose their jobs just so he can keep his? If you want to cut fat, you start at the top and not in the middle and certainly not on the bottom.

[peaceandlove]

Santelli's just another clueless twit that doesn't understand the burden that the American middle class carries.

I mean NO offense to you, peaceandlove, but many of the people you quote and post about are clueless about how the average American is affected by this economy (Santelli is a great example). We can't have people higher up (Santelli) scolding the middle class for not being more fiscally responsible when we promote the free markets at the same time and we bail out irresponsible CEOs.

Like for example, the University that I work at, the President refuses to take a pay cut. He'd rather leave and he makes $400,000 a year. He is partly responsible for a $28 million budget shortfall that he tries to pin solely on the bad economy.

Why should people below him lose their jobs just so he can keep his? If you want to cut fat, you start at the top and not in the middle and certainly not on the bottom.

I still think you are misunderstanding the reason for my posts.

Ron Paul is very aware of how the average American is affected by this economy and no he is not a Republican in the true sense of the word. He is not, as people would think since he is associated with the party, a corporately controlled politician.

Santelli is commenting on the crookedness of the government and the Plunge Protection Team and yes, many people purchased homes that they could not afford. There are also those that are losing their homes because they lost their jobs. How do you discern which ones were foolish and which ones were unfortunate? Is it the taxpayer's responsibility to fund the foolish or the unfortunate?

[peaceandlove]

Santelli Responds to Gibbs 2/19/2008

The White House's response to Rick Santelli's comments yesterday, with CNBC's Larry Kudlow.

Video (4:53): http://www.campaignforliberty.com/blog.php?view=11630&cpg=1

[peaceandlove]

Karl Denninger comments on Santelli/Gibbs exchange 2/21/2009

Colorful Karl Denninger comments on Santelli/Gibbs exchange about foreclosure stimulus.
Former CEO of MCSNet in Chicago, now trading the capital markets for a living. Youtube channel: http://www.youtube.com/user/kdenninger

Video (10:09): http://www.youtube.com/watch?v=fmKHUUkhkzM&feature=channel_page

Learn about illiquid assets, one of Karl Denninger's most recent videos, at his youtube channel.

[Northern Boy]

yes, many people purchased homes that they could not afford. There are also those that are losing their homes because they lost their jobs. How do you discern which ones were foolish and which ones were unfortunate? Is it the taxpayer's responsibility to fund the foolish or the unfortunate?

It is not the taxpayer who should fund this either this was not done by the people purchasing homes it was done by those at the top who gave out mortgages that should have never been given out in the first place . Freddie mac and Fannie Mae got huge bailouts .... Why ... they were part of the problem and by all rights they should have gone down and those who were given mortgages should have been able to keep their houses out right as a lesson . Wall Street and the big banks are all betting on who`s going to sink or swim in this economic cess pool with their derivatives getting billions and then paying out bonus`s and retention payments . All the bail out money that is being p*ssed away could have been equally divided up and given to every person in America and no one would have lost their job and they would be working overtime to fill orders the worlds economy would be fine . In my opinion they should lock the bankers and wall street people in their buildings and leave the windows open if they want to leave jump out the window. people should just pull all their cash out of the banks and let them drown