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CNBC's Rick Santelli Goes Off! This is what we need more of! Rick Santelli is the JAM!
There is little I have to say here. Just watch this clip. Rick lays it out in front, and the other reporters don't know what to do. There is no protocol for dealing with the TRUTH in the Mainstream Media, they just laugh and look troubled. Take a look.
Santelli: We're thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I'm going to start organizing.
Quick: What are you dumping in this time?
Santelli: We're going to be dumping in some derivative securities. What do you think about that?
This guy is great! I wish everyone could see this!
Tell me what you think.
2 comments
Comment from: Hollie [Visitor]
He's pretty much saying, "You Can't Always Get What You Want."
You know, if the bank bailouts were necessary due to the mortgage crisis, why doesn't the bailout money count directly toward paying down individuals' mortgages? And the people who continue to pay their own mortgage should get an equal amount to spend as they wish. This way the money could actually help everyone. As it is you still have the people who couldn't afford the houses owing the same amount or more while the banks are only temporarily appeased.
You know, if the bank bailouts were necessary due to the mortgage crisis, why doesn't the bailout money count directly toward paying down individuals' mortgages? And the people who continue to pay their own mortgage should get an equal amount to spend as they wish. This way the money could actually help everyone. As it is you still have the people who couldn't afford the houses owing the same amount or more while the banks are only temporarily appeased.
02/21/09 @ 13:56
Hollie: That is a good point. You sound very much like Steve Forbes. I like one Republican Senator's idea. Why don't we just have the IRS NOT collect taxes for 3 months or so? It would cost the government the same amount of money. Then the market could pick the winners and the losers.
02/21/09 @ 14:32