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**tsetsefly** · February 19, 2009, 01:42 PM

Re: Rick Santelli is the man!

spot on! The bailout bill is one that encourages more bad behavior, and its not even going to work.
THey are just trying to keep the debt based economy going...

**WDCRob** · February 19, 2009, 03:47 PM

Re: Rick Santelli is the man!

Yeah... working for CNBC he's definitely on the moral highground. You can tell because all the traders were cheering for him.

**Master Shake** · February 19, 2009, 06:46 PM

Re: Rick Santelli is the man!

Santelli's my favorite regular on CNBC. No bullshit and he always puts Liesman in his place.

**PDXCyclist** · February 19, 2009, 06:52 PM

Re: Rick Santelli is the man!

Originally posted by WDCRob View Post

Yeah... working for CNBC he's definitely on the moral highground. You can tell because all the traders were cheering for him.

Yeah. Rick Santelli is a tool. This is *slightly* more complex than "greedy rich people" buying things they couldn't afford on debt. Someone offered them that money. Someone issued the liar loans. And all the tools around him knew about it.

**mercerbear** · February 19, 2009, 07:29 PM

Re: Rick Santelli is the man!

Originally posted by PDXCyclist View Post

Yeah. Rick Santelli is a tool. This is *slightly* more complex than "greedy rich people" buying things they couldn't afford on debt. Someone offered them that money. Someone issued the liar loans. And all the tools around him knew about it.

I'm going to disagree with you on this one. Rick Santelli is the only person on CNBC that doesn't regularly piss me off. The rest of them are corporate mouth pieces and cheerleaders. He goes ape shit over the same things that get under my skin like this mortgage bailout. Just because he's employed by CNBC doesn't mean that he shares an opinion with his co-workers.

**due_indigence** · February 19, 2009, 07:45 PM

Re: Rick Santelli is the man!

I like Santelli as a rule. But my inclination here is a populist one as in we have to pay TARP, banker bonuses AND our mortgages too? The guys at the top are the losers. And the credit factory was practically shoving money in every pocket connected to a pulse. Of course there is personal culpability too. But people who don't understand the dynamics of credit creation routinely confuse the cart for the horse.

**vanvaley1** · February 19, 2009, 07:45 PM

Re: Rick Santelli is the man!

I guess the question is, "Was he as emphatically vocal against the government, corporate, banking, and Fed policies that were spurring the questionable economic growth and his (their) subsequent beneficial rewards thereof from that false information? If not...why not?"

http;//jessescrossroadscafe.blogspot.com/ has a couple of charts today along with the observation that the US economy never really recovered from the 2001 recession. Though Shadow Government Statistics have a more valid representation of what's going on than the ones offered by the government why weren't these being offered to the public through Santini or CNBC rather than the 'pumped up' ones by the government? Could it be that they didn't want to discourage the boom they were experiencing in their remunerations?

**due_indigence** · February 19, 2009, 07:48 PM

Re: Rick Santelli is the man!

Originally posted by vanvaley1 View Post

I guess the question is, "Was he as emphatically vocal against the government, corporate, banking, and Fed policies that were spurring the questionable economic growth and his (their) subsequent beneficial rewards thereof from that false information? If not...why not?"

That would be an emphatic no.

**goadam1** · February 19, 2009, 07:50 PM

Re: Rick Santelli is the man!

where is the televised rants on the floor of the exchange about bankrupt banks paying themselves on last tasty bonus.

**PDXCyclist** · February 19, 2009, 07:53 PM

Re: Rick Santelli is the man!

Given that most at CNBC were cheerleading the bubble from when they started selling pet food online until today I don't give anyone there much credit, honestly. As for Santelli's antics today I'm sorry if I didn't swoon over his analysis and righteous populist anger. We're bailing out billionaires who behaved badly as well. So for him to get angry *now*.... it's just kind of silly. I don't want to pay for someone drowning in a McMansion they bought based on faulty expectations of housing prices, but I find this "populist uprising" slightly disingenuous.

During the height of the housing bubble real estate vultures were going door to door in blighted neighborhoods offering mortgages to people who couldn't qualify, but would get incentives based on their race and economic status. Then once they'd gotten them in the door they'd sell them an even bigger house. I really really really have a hard time getting enraged at the govt. attempts to stabilize the mortgage market so that my house, fairly bought and priced, doesn't go underwater much more, when the real criminals are the ones who loaned the money in the first place knowing the buyer couldn't pay the "liar loan".

**mercerbear** · February 19, 2009, 08:11 PM

Re: Rick Santelli is the man!

Originally posted by PDXCyclist View Post

Given that most at CNBC were cheerleading the bubble from when they started selling pet food online until today I don't give anyone there much credit, honestly. As for Santelli's antics today I'm sorry if I didn't swoon over his analysis and righteous populist anger. We're bailing out billionaires who behaved badly as well. So for him to get angry *now*.... it's just kind of silly. I don't want to pay for someone drowning in a McMansion they bought based on faulty expectations of housing prices, but I find this "populist uprising" slightly disingenuous.

During the height of the housing bubble real estate vultures were going door to door in blighted neighborhoods offering mortgages to people who couldn't qualify, but would get incentives based on their race and economic status. Then once they'd gotten them in the door they'd sell them an even bigger house. I really really really have a hard time getting enraged at the govt. attempts to stabilize the mortgage market so that my house, fairly bought and priced, doesn't go underwater much more, when the real criminals are the ones who loaned the money in the first place knowing the buyer couldn't pay the "liar loan".

I don't disagree with any of the points you raise. All I'm saying is that when I watch CNBC, Santelli is the ONLY one consistently representing my perspective and arguing with the rest of the true "tools." I don't know what he was saying during the bubble years because I didn't watch CNBC then. Maybe he is "too little, too late." I'm just happy to hear the sound of economic sanity coming from my TV once in a while.

**gwynedd1** · February 19, 2009, 08:11 PM

Re: Rick Santelli is the man!

How about dropping income taxes by 1 trillion and then people with their own money can buy a bigger house and move in while the people who cannot afford them can sell them and move out? Is that too nuts or what?

**Kimmons** · February 19, 2009, 10:20 PM

Re: Rick Santelli is the man!

I thought it was great. He's been vocally against the bailout and his stance this time is no departure.

**LargoWinch** · February 19, 2009, 10:21 PM

Re: Rick Santelli is the man!

It won't make a difference:

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Rick Santelli is the man!

Rick Santelli is the man!

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