Rick Santelli proud of tea parties
CNBC’s financial analyst, Rick Santelli, is proud of Americans for creating a nationwide grassroots movement. Santelli, whose live rant served as the initial catalyst for the rapidly growing movement, believes these tea parties represent a treasured national tradition dating back to the original American revolution.
Read the article here.
Big Asshole said:
as much as I think the tea party sentiment is a valid one, I gotta say Rick Santelli is a total douche bag
April 15th, 2009 at 1:46 pm
Husband said:
Then I guess you don't mind paying for someone else's mortgage, do you? Rick made a valid point if you actually listened to what he said. Either way, you and I will end up footing the bill.
April 16th, 2009 at 12:46 am
Arthur said:
No one is going to pay anyone elses mortgage, to say they will is a complete falsehood created by Wall Street and their shills like Santelli. You can't forget that Santelli is a multi-millionaire former derivatives trader and he is one of those responsible for this economic meltdown.
The mortgage assistance plan simply allows the lenders to write down mortgages, mostly by converting adjustable rates to fixed rates, to make them affordable. It costs taxpayers nothing and that is a fact.
April 16th, 2009 at 10:39 am
Husband said:
Arthur,
This makes no sense, banks would have to be more flexible to write down mortgages- that’s why they were bailed out with our tax payer money. Remember Fannie Mae and Freddie Mac- that cost nearly 1 TRILLIION alone. Now were are bailiing out AIG, most of the domestic auto industry,and added new spending with nearly 9,000 earmarks.
Did I read you correctly? You said that Santelli caused the economic meltdown? That’s lunacy!!! He used to be a derivaties trader, but the selling was done in accordance to SEC guidelines. Every investor should know the risks in buying volatile securities. They can ask for a prostectus. Invested, too but got out in Sept 07. Santelli didn’t cause the meltdown, it was those borrowers who did not pay their bills of which should never had been granted the loans.
April 17th, 2009 at 12:28 pm
Husband said:
I meant to say “I invested too and got out in Sept 2007.”
April 17th, 2009 at 12:29 pm