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CNBC's Rick Santelli - Rant of the Year!
- Thread starter Lamarr
- Start date
Govt intervention got us into this mess. Santelli went off on Bernanke & Paulson the same way after the Banker Takeover Bill.
If you want to bring confidence to the market, you must let the market determine which businesses have value, and the ones that don't must be liquidated. So yes, companies must be allowed to fail. Don't keep proppin up failing businesses, thats like giving an addict more heroin, instead of allowing him / her to go cold turkey. Once the bad debt is liquidated, the proper allocation of land, labor, and capital can be used to rebuild our economy!
Right now, we need leadership / changes from the failed policies of the Clinton - Bush years. Get rid of NAFTA and out of the WTO. We need more manufacturing and saving not more borrowing to consume! peace
Who should Obama listen to?
A - The smartest economists around the world who tell him that a chain reaction of business failures will occur if these economic titans go under, incl. Bernanke and Paulson, 2 former Wall St heavies who know just how bad this whole mess is, and how worse it can get if left untreated.
B - Wall St smartass who doesn't offer any leadership except to say it's 'immoral' to bail out bad business, even tho he and his Wall St boys already made tons of money short selling most of those companies, driving them further into the ground.
The answer is obvious. Desperate times call for desperate measures.
After watching this recent PBS doc, you'll see how quickly these 'any gov't is too big' folks are switching up.
A - The smartest economists around the world who tell him that a chain reaction of business failures will occur if these economic titans go under, incl. Bernanke and Paulson, 2 former Wall St heavies who know just how bad this whole mess is, and how worse it can get if left untreated.
B - Wall St smartass who doesn't offer any leadership except to say it's 'immoral' to bail out bad business, even tho he and his Wall St boys already made tons of money short selling most of those companies, driving them further into the ground.
The answer is obvious. Desperate times call for desperate measures.
After watching this recent PBS doc, you'll see how quickly these 'any gov't is too big' folks are switching up.
Look, man.
The problem now is that the THE MARKET is NOT adequately determining which businesses are profitable.
Letting the market determine which businesses are profitable THIS TIME got us into this mess in the first place. The answer is not ALWAYS Market Self Correction.
Capitalist understand that this kind of government intervention is necessary every once in a while in order to sustain the market. However, we have to tailor-fit the government intervention to suit the condition (as usual).
Put your trust in the people! These 'economic experts' are the same people who created this mess. Bernanke, Paulson, Geithner, Rubin, Summers, Greenspan etc. Listen to people who have called it since 2002, listen to people who have been right. These people are destroying our currency, it's so obvious, it's almost as if it were a plan.
^^^^ Those guys (recognized experts throughout their respective industries, across the ideological spectrum) either tried to offer warnings and suggestions to avoid the crisis, or they've offered the smartest leadership when the shit hit the fan. Anybody who offered advice about more regulation when bush and the repubs were in office was shouted down, called a socialist and/or communist, and shown the door.
On 2nd thought, I give up. If you still kissing these fools ass, listening to too much Rush Limbaugh shit, you're lost. Good luck trying to rebuild after these fools bleed you dry the next time.... and there will be a next time if you don't put any regulations in place to stop this from happening again.
On 2nd thought, I give up. If you still kissing these fools ass, listening to too much Rush Limbaugh shit, you're lost. Good luck trying to rebuild after these fools bleed you dry the next time.... and there will be a next time if you don't put any regulations in place to stop this from happening again.
thats weak, Rubin Summers, Clinton & the Repubs deregulated the banking industry in 1999 with the repeal of the Glass-Steagall Act, learn your history. It was through the actions of Greenspan, Bernanke & Geithner at the Federal Reserve that kept interest rates too low for too long (that is what needs to be regulated, but that might be over your head).
Bush was a National Socialist (Nazi), just like Hitler! If you think I went overboard with that one: Research Prescott Bush (W's granddaddy), and how he financed Hitler's rise in Germany, and promoted this Nazi ideology.) Sorry, Bush isn't 'conservative'
kissin ass
, I'm laughin at you suckaz thinkin all this bailout shit is gonna solve the problem. It's only makin shit worse. Dawg, I don't listen to dopefiends like Limbaugh, however, it is the incompetence of Pelosi, Frank & Reid that attracts the listeners he does have.If you can't come to the conclusion the Repubs & the Dems did this to us, you need help! Matter of fact, If you can't see that the Federal Reserve controls both parties, you need more help! This country became great because of what the people contributed, not what the politicians did! Clinton gave us NAFTA, 'W' gave us endless wars, The Federal Reserve gave us 0% interest rates and none of that shit is working for none of us. And few politicians have the balls to stop either one! Stop lettin these clowns control your mind, recognize the real. Put your trust back in the people and reach out to others every day. peace
Bingo....!!!!
Yes that is the plan.. all of this is done by design.. The companies getting these Bailout Bucks are doing what..? Spending it not to you and I, but rather other Conglomerates..! The Plan is complex.. but the Goal is simple..! Devalue the currency, therefor concentrating more of the U.S. (and worlds) wealth into the hands of fewer percent of the population.. thus giving them more control..! 3% controlling the remaining 97%..!! They do this by, Electing Presidents, CEO, and other people in positions of power that strategically enact policies that enable and accelerate the devaluation of wealth..! At the same time the push Bullshit stories in the Media, therefor brainwashing and confusing the mass public to a point where the "local Joe Shmoe" doesn't have clue as to which way is up or down..! He has no option but to trust "the experts" of all sides..!
The Point being is that it doesn't matter who says what; who does what.. they (Obama, CNBC, Bush, Santelli, etc...) are all playing for the same team..! Time to Wake the fuck up people and dust off those critical thinking skills...!!!
Just my 2 cents..!!!!!
Time to Wake the fuck up people and dust off those critical thinking skills...!!!
Just my 2 cents..!!!!!
Its more of us but we seriously have to wake the fuck up! This shit so much bigger than George Bush and the 'evil' Republicans, I'll leave ya'll with this blurb from David Rockefellor
"This present window of opportunity, during which a truly peaceful and interdependent world order might be built, will not be open for too long - We are on the verge of a global transformation. All we need is the right major crisis and the nations will accept the New World Order." - David Rockefellor
Brought down to size!
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Rick Stantelli isn't on wall st. hes on the Chicago board of trade. He follows the actual credit market which is the bond market. Stantelli has went off on the Bush Administration plenty of times on live tv just so you ignorant people know hes one of the most consistent people out there.
Rick was kind of on the defense this time.
Dude thought he was running for Spartan king before. Even still, props for him saying what was on his mind.
Non-Props for the interviewer owning him in such a bold fashion.
"HE WAS NOT THREATENING YOU."
Rick - "Lets rephrase"
Did he go after GW personally? Props to Matt Lauer for holding the corporatists feet to the fire.
Lauer: "...what Robert Gibbs said, and I'm paraphrasing here he's not sure as a former trader and current television personality, you're living in the same kind of neighborhoods were people are struggling to pay their mortgages. He wasn’t threatening you."
Santelli: "well listen, I'm not saying he threatened..."
Lauer: 'If you go out of your way to call out the President of United States you have to expect that his reprehensive may go out of his way to call you out. Doesn’t that go with the territory?"
WHAT?
Are going to believe me or your living eyes?
Richard Pryor
Really? Lack of oversight and greed got us into this bullshit. Where the hell you been? Stuck on the AM dial?
Fuck this ignorant ass video. Now that he's injected himself in the debate, when the white house mentioned his punk as by name, he wants to squeal like a bitch talking about he's being threatened. Matt Laurer pressed him on that threat bullshit and he backed the fuck down. Like I said, fuck this video and Rick. Want to talk shit as long as he can do it in a vacuum, just like Rushs' punk ass did when he ran away from ESPN.
-VG
dawg, the greed for profit is always counter-balanced by the risk of loss. It only gets jacked-up through govt. intervention (whether its a no-bid contract, a govt sponsored entity like Fannie Mae, low-interest rates, you name it, its govt. intervention). Think about it!
yes he has. thats what you guys dont get. spending on iraq based on fear is no different then spending money claiming they are creating jobs based on fear.
What? A lie (Iraq War) vs. the deteriorating economy (a fact). These are not collinear relationships.
the stock market loses nearly 40% in value one month before election day. and what pushed that to happen? when everybody saw that Lehman Brothers went under one company, then the Federal Reserve scared everybody to bail out the banks. All of these things set the stage for Obama to push his plans easier. Just like when 9/11 everybody let Bush go to Afghanistan then to Iraq.
You guys really think the President has so much say on the Economy but ive said this countless amounts of times any president can't do much. Spending money and Taxing doesn't stimulate the economy.
even if the president didn't do anything iam 100% sure economy would have picked up in 2010 but now the tax payer is 1.XX Trillion more broke with the economy still goign to pick up some time in 2010.
hey but dont listen to me iam just a economics/finance grad.
...hence, our current economic calamities.
"An economist is a man who knows a hundred ways of making love but doesn’t know any women. "
Art Buchwald
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WorldComm, Enron, and this dude all agree with you.
But I don't.
-VG
Its a big difference between FRAUD & greed.
Enron went out of business and Fastow, Skilling, & Lay were prosectuted. The punishment was not as severe as I would've liked but they were prosecuted, which is what needs to happen today. Let bad businesses be liquidated and those that acted in a fraudulent manner should be prosecuted.
Madoff, the SEC knew what he was doing, at least the last 10 yrs. Nobody had the balls to speak out against him until some powerful people started losing money.
It's interesting you bring up a few businesses to support your claims. Since you are in favor of more govt intervention, Name 2 successes of any govt enterprise? Just 2! Fannie Mae, Freddie Mac, Sallie Mae, Amtrak
YOU CANTNow, I'll admit we need oversight, but we need oversight of the Federal Reserve System, the Exchange Stabilization Fund, and the Presidents Working Group on Financial Markets ( the PPT). peace
Its a big difference between FRAUD & greed.
Enron went out of business and Fastow, Skilling, & Lay were prosectuted. The punishment was not as severe as I would've liked but they were prosecuted, which is what needs to happen today. Let bad businesses be liquidated and those that acted in a fraudulent manner should be prosecuted.
Madoff, the SEC knew what he was doing, at least the last 10 yrs. Nobody had the balls to speak out against him until some powerful people started losing money.
It's interesting you bring up a few businesses to support your claims. Since you are in favor of more govt intervention, Name 2 successes of any govt enterprise? Just 2! Fannie Mae, Freddie Mac, Sallie Mae, Amtrak
Now, I'll admit we need oversight, but we need oversight of the Federal Reserve System, the Exchange Stabilization Fund, and the Presidents Working Group on Financial Markets ( the PPT). peace
Are you kidding me? Difference ain't nearly as big as you say it is and you don't have one without the other in America.
-VG
I take it you can't name any successes of the govt sponsored enterprises!
You can't and you wont!Greed fuels capitalism. Once again, the problems start when the govt. intervenes in the attempts to eliminate the risk in the free market. You know this!
I take it you can't name any successes of the govt sponsored enterprises!
Greed fuels capitalism. Once again, the problems start when the govt. intervenes in the attempts to eliminate the risk in the free market. You know this!
Please don't play be short playa. Rush Limbaugh horseshit tactics only work for wingnuts.
Social Security
Veterans Administration
US Interstate System
Transportation Department
NASA
US Postal Service (private but heavily regulated)
Federal Communications Commission
The New Deal
Civil Rights Commission
The Hoover Dam
Should I go on? I could but you'd only go to your next wingnut talking point and isolate specific fuck ups and paint the entire system as a failure. Like most Godless republicans would do. Face it, nothing involving MAN will be perfect because man isn't perfect.
Lack of adequate regulation ala Ronald Reagan and Phil Graham is what ushered in the era of unfettered greed, decimation of our manufacturing base and pilfering of the banks. Ask your boy John McCain about his role with the Keating Five when they successfully looted the Lincoln Savings and Loan.
-VG
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Social Security and the Post Office are broke, they only survive because govt. continues to pump $ into them. But I'll give you half a credit for those 2. The other examples are instances where the private sector would not get involved.
But lets cut to the chase. Do you feel you should have to pay for your neighbors mortgage (who have an extra bathroom and can't pay their bills?, Like Santelli said!) I say let em rent, they made a bad decision! We all had a chance to get a house but those of us who made responsible decisions are being made to pay for those who felt they are entitled.
I chose not to get a house because after readin' those contracts, that shit just seemed stupid but I guess other people fell for that shit!
wow! The relevance of Santelli's Rant, it gets interesting at 3:24 into the clip:
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Another financial expert eats crow.
source: Huffington Post
Buffett's Berkshire Hathaway Has Worst Year
OMAHA, Neb. — Warren Buffett says the economic turmoil that contributed to a 62 percent profit drop last year at the holding company he controls is certain to continue in 2009, but the revered investor remains optimistic.
Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday morning, and detailed the worst performance in his 44 years leading the Omaha-based insurance and investment company.
Buffett wrote he's certain "the economy will be in shambles throughout 2009 _ and, for that matter, probably well beyond _ but that conclusion does not tell us whether the stock market will rise or fall."
In between the news of Berkshire's sharply lower profit and its nearly $7.5 billion investment and derivative losses, Buffett offered a hopeful view of the nation's future.
He said America has faced bigger economic challenges in the past, including two World Wars and the Great Depression.
"Though the path has not been smooth, our economic system has worked extraordinarily well over time," Buffett wrote. "It has unleashed human potential as no other system has, and it will continue to do so. America's best days lie ahead."
Within Berkshire, Buffett said the company's retail businesses, including furniture and jewelry stores, and those tied to residential construction, such as Shaw carpet and Acme Brick, were hit hard last year, and they will likely continue to perform below their potential in 2009.
But he said Berkshire's utility and insurance businesses, which includes Geico, both delivered outstanding results in 2008 that helped balance out the other businesses.
Berkshire's 2008 net income of $4.99 billion, or $3,224 per Class A share, was down from $13.21 billion, or $8,548 per share, in 2007.
The two analysts surveyed by Thomson Reuters on average expected Berkshire to report a 2008 profit of $5,534.50 per share. But the estimates typically exclude one-time items.
Buffett estimates Berkshire's book value _ assets minus liabilities _ declined 9.6 percent to $70,530 per share in 2008 _ the biggest drop since he took control of the company in 1965. Berkshire's book value declined only one other time under Buffett, and that was a 6.2 percent drop in 2001.
Berkshire's Class A shares remain the most expensive U.S. stock, but they fell nearly 32 percent in 2008 and have declined 48 percent since setting a high of $151,650 in December 2007. That high came after an exceptionally profitable quarter that was helped by a $2 billion investment gain.
The S&P 500 fell 37 percent in 2008.
On Friday, Berkshire's Class A stock gained $250 to close at $78,600 on the eve of the release of Buffett's letter. But earlier this week, the stock set a new five-year low at $73,500 as investors anticipated bad news in the report.
Buffett devoted nearly five pages of his letter to Berkshire Hathaway shareholders to explaining the role derivatives played in the company's investment losses last year.
Buffett said he initiated all of Berkshire's 251 different derivative contracts because he believes they were mispriced in Berkshire's favor.
"If we lose money on our derivatives, it will be my fault," Buffett said.
Berkshire has received $8.1 billion in payments for derivatives which can be invested until the contracts expire years from now.
But Berkshire has to estimate the value of its derivatives every quarter. Buffett says he supports that mark-to-market accounting, but the formula used to estimate that value can produce absurd results for long-term contracts.
Buffett said he made at least one major investing mistake last year by buying a large amount of ConocoPhillips stock when oil and gas prices were near their peak.
Berkshire increased its stake in ConocoPhillips from 17.5 million shares in 2007 to 84.9 million shares at the end of 2008.
Buffett said he did not anticipate last year's dramatic fall in energy prices, so his decision cost Berkshire shareholders several billion dollars.
Buffett says he also spent $244 million on stock in two Irish banks that appeared cheap. But since then, he's had to write down the value of those purchases to $27 million.
Berkshire owns a diverse mix of more than 60 companies, including insurance, furniture, carpet, jewelry, restaurants and utility businesses. And it has major investments in such companies as Wells Fargo & Co. and Coca-Cola Co.
source: Huffington Post
Buffett's Berkshire Hathaway Has Worst Year
OMAHA, Neb. — Warren Buffett says the economic turmoil that contributed to a 62 percent profit drop last year at the holding company he controls is certain to continue in 2009, but the revered investor remains optimistic.
Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday morning, and detailed the worst performance in his 44 years leading the Omaha-based insurance and investment company.
Buffett wrote he's certain "the economy will be in shambles throughout 2009 _ and, for that matter, probably well beyond _ but that conclusion does not tell us whether the stock market will rise or fall."
In between the news of Berkshire's sharply lower profit and its nearly $7.5 billion investment and derivative losses, Buffett offered a hopeful view of the nation's future.
He said America has faced bigger economic challenges in the past, including two World Wars and the Great Depression.
"Though the path has not been smooth, our economic system has worked extraordinarily well over time," Buffett wrote. "It has unleashed human potential as no other system has, and it will continue to do so. America's best days lie ahead."
Within Berkshire, Buffett said the company's retail businesses, including furniture and jewelry stores, and those tied to residential construction, such as Shaw carpet and Acme Brick, were hit hard last year, and they will likely continue to perform below their potential in 2009.
But he said Berkshire's utility and insurance businesses, which includes Geico, both delivered outstanding results in 2008 that helped balance out the other businesses.
Berkshire's 2008 net income of $4.99 billion, or $3,224 per Class A share, was down from $13.21 billion, or $8,548 per share, in 2007.
The two analysts surveyed by Thomson Reuters on average expected Berkshire to report a 2008 profit of $5,534.50 per share. But the estimates typically exclude one-time items.
Buffett estimates Berkshire's book value _ assets minus liabilities _ declined 9.6 percent to $70,530 per share in 2008 _ the biggest drop since he took control of the company in 1965. Berkshire's book value declined only one other time under Buffett, and that was a 6.2 percent drop in 2001.
Berkshire's Class A shares remain the most expensive U.S. stock, but they fell nearly 32 percent in 2008 and have declined 48 percent since setting a high of $151,650 in December 2007. That high came after an exceptionally profitable quarter that was helped by a $2 billion investment gain.
The S&P 500 fell 37 percent in 2008.
On Friday, Berkshire's Class A stock gained $250 to close at $78,600 on the eve of the release of Buffett's letter. But earlier this week, the stock set a new five-year low at $73,500 as investors anticipated bad news in the report.
Buffett devoted nearly five pages of his letter to Berkshire Hathaway shareholders to explaining the role derivatives played in the company's investment losses last year.
Buffett said he initiated all of Berkshire's 251 different derivative contracts because he believes they were mispriced in Berkshire's favor.
"If we lose money on our derivatives, it will be my fault," Buffett said.
Berkshire has received $8.1 billion in payments for derivatives which can be invested until the contracts expire years from now.
But Berkshire has to estimate the value of its derivatives every quarter. Buffett says he supports that mark-to-market accounting, but the formula used to estimate that value can produce absurd results for long-term contracts.
Buffett said he made at least one major investing mistake last year by buying a large amount of ConocoPhillips stock when oil and gas prices were near their peak.
Berkshire increased its stake in ConocoPhillips from 17.5 million shares in 2007 to 84.9 million shares at the end of 2008.
Buffett said he did not anticipate last year's dramatic fall in energy prices, so his decision cost Berkshire shareholders several billion dollars.
Buffett says he also spent $244 million on stock in two Irish banks that appeared cheap. But since then, he's had to write down the value of those purchases to $27 million.
Berkshire owns a diverse mix of more than 60 companies, including insurance, furniture, carpet, jewelry, restaurants and utility businesses. And it has major investments in such companies as Wells Fargo & Co. and Coca-Cola Co.
Social Security was solvent before GW and his congress raided it. Social security can be solvent for the foreseeable future if those who make $90,000 or more pay pay role taxes just like you and me (I know you don't make over 90gs a year).
, I did before Bush took over, under-employed since 2005!You know Bill hit up the SS Fund!
There was no "real" surplus during the Clinton administration. During those years, Social Security ran a surplus that was then loaned to the federal government in order to balance the budget. In return, Social Security received IOUs. These IOUs need to be paid back just like any other form of government debt. It can hardly be said, then, that there was a surplus. The debt was simply hidden by rhetoric and propaganda.
You know Bill hit up the SS Fund!
There was no "real" surplus during the Clinton administration. During those years, Social Security ran a surplus that was then loaned to the federal government in order to balance the budget. In return, Social Security received IOUs. These IOUs need to be paid back just like any other form of government debt. It can hardly be said, then, that there was a surplus. The debt was simply hidden by rhetoric and propaganda.
Pay role taxes. Most people pay it, why not all people.
FICA
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McCain voter, Rick Santelli is just posturing and blowin smug ass pompous smoke. CNBC's entire on air crew are nothing more than cheer leaders for unbridled Laissez-faire capitalism; consequences be dammed.
Trillions of taxpayer dollars for the corrupt 'black-box' financial trading firms masquerading as banks -( Citibank, Bank of America, AIG, )... and surprise, surprise, no ranting from Rick Santelli.
You don't know what a 'black-box' <s>Financial</s> Flim-Flam firm is, or how it operates?????? You don't know??
If you want to know, take 12 minutes out of your life and read the article below. It's about 45 days old but no one has posted it here.
READ:
THE END -The era that defined Wall Street is finally over ...What went wrong?? - by Michael Lewis
The CNBC crew never discusses outsourcing which has destroyed America. Americans who have "bought-into-the system", gotten a high priced college education, got a job with a fortune 1000 company, Worked at that company 5 to 10 to 15 to 20 years, earning low six figures $$$,$$$ , only to see their jobs sent to India, China, Singapore, as they watch the CEO's of their companies & their Wall street Bankster facilitators go home with 8 figure bonuses $$,$$$,$$$. The article below was discussed on CNN & BLOOMBERG which I watch daily and find vastly superior to CNBC. CNBC didn't discuss the article below. BLOOMBERG unlike CNBC has 0% cheer leading hosts.
READ : IBM Offers To Move Laid Off Workers To India
In the video below, Jon Stewart properly rips , ridicules and exposes as fools CNBC's cheer leading crew
<style type='text/css'>.cc_box a:hover .cc_home{background:url('http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-over.png') !important;}.cc_links a{color:#b9b9b9;text-decoration:none;}.cc_show a{color:#707070;text-decoration:none;}.cc_title a{color:#868686;text-decoration:none;}.cc_links a:hover{color:#67bee2;text-decoration:underline;}</style><div class='cc_box' style='position:relative'><a href='http://www.comedycentral.com' target='_blank' style='display:inline; float:left; width:60px; height:31px;'><div class='cc_home' style='float:left; border:solid 1px #cfcfcf; border-width:1px 0px 0px 1px; width:60px; height:31px; background:url("http://www.comedycentral.com/comedycentral/video/assets/syndicated-logo-out.png");'></div></a><div style='font:bold 10px Arial,Helvetica,Verdana,sans-serif; float:left; width:299px; height:31px; border:solid 1px #cfcfcf; border-width:1px 1px 0px 0px; overflow:hidden; color:#707070; position:relative;'><div class='cc_show' style='position:relative; background-color:#e5e5e5;padding-left:3px; height:14px; padding-top:2px; overflow:hidden;'><a href='http://www.thedailyshow.com/' target='_blank'>The Daily Show With Jon Stewart</a><span style='position:absolute; top:2px; right:3px;'>M - Th 11p / 10c</span></div><div class='cc_title' style='font-size:11px; color:#868686; background-color:#f5f5f5; padding:3px; padding-top:1px; line-height:14px; height:21px; overflow:hidden;'><a href='http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice' target='_blank'>CNBC Gives Financial Advice</a></div></div><embed style='float:left; clear:left;' src='http://media.mtvnservices.com/mgid:cms:item:comedycentral.com:220252' width='360' height='301' type='application/x-shockwave-flash' wmode='window' allowFullscreen='true' flashvars='autoPlay=false' allowscriptaccess='always' allownetworking='all' bgcolor='#000000'></embed><div class='cc_links' style='float:left; clear:left; width:358px; border:solid 1px #cfcfcf; border-top:0px; font:10px Arial,Helvetica,Verdana,sans-serif; color:#b9b9b9; background-color:#f5f5f5;'><div style='width:177px; float:left; padding-left:3px;'><a target='_blank' href='http://www.thedailyshow.com/full-episodes/index.jhtml'>Daily Show Full Episodes</a><br /><a target='_blank' href='http://www.comedycentral.com/shows/important_things/index.jhtml'>Important Things With Demetri Martin</a></div><div style='width:177px; float:left;'><a target='_blank' href='http://www.indecisionforever.com'>Political Humor</a><br /><a target='_blank' href='http://www.jokes.com'>Joke of the Day</a></div><div style='clear:both'></div></div><div style='clear:both'></div></div>
download video link
http://rapidshare.com/files/205836895/Jon_Stewart_Eviscerates_CNBC.rar
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McCain voter, Rick Santelli is just posturing and blowin smug ass pompous smoke. CNBC's entire on air crew are nothing more than cheer leaders for unbridled Laissez-faire capitalism; consequences be dammed.
Trillions of taxpayer dollars for the corrupt 'black-box' financial trading firms masquerading as banks -( Citibank, Bank of America, AIG, )... and surprise, surprise, no ranting from Rick Santelli.
You don't know what a 'black-box' <s>Financial</s> Flim-Flam firm is, or how it operates?????? You don't know??
If you want to know, take 12 minutes out of your life and read the article below. It's about 45 days old but no one has posted it here.
READ:
THE END -The era that defined Wall Street is finally over ...What went wrong?? - by Michael Lewis
The CNBC crew never discusses outsourcing which has destroyed America. Americans who have "bought-into-the system", gotten a high priced college education, got a job with a fortune 1000 company, Worked at that company 5 to 10 to 15 to 20 years, earning low six figures $$$,$$$ , only to see their jobs sent to India, China, Singapore, as they watch the CEO's of their companies & their Wall street Bankster facilitators go home with 8 figure bonuses $$,$$$,$$$. The article below was discussed on CNN & BLOOMBERG which I watch daily and find vastly superior to CNBC. CNBC didn't discuss the article below. BLOOMBERG unlike CNBC has 0% cheer leading hosts.
READ : IBM Offers To Move Laid Off Workers To India
In the video below, Jon Stewart properly rips , ridicules and exposes as fools CNBC's cheer leading crew
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download video link
http://rapidshare.com/files/205836895/Jon_Stewart_Eviscerates_CNBC.rar
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Globalism is not the solution, it is the problem! If not for govt. regulation of businesses, we could possibly compete. But the fact is: Govt regulation is a contributing factor to why businesses relocate. Everybody thank Mr. Clinton for NAFTA and everyone after him who don't have the balls to repeal that crap. The fucked up part is: You're blaming capitalism instead of Govt. intervention, which totally baffles me.
Ya'll kill me! Can someone tell me what they disagree with regarding Santelli's rant?
If someone commits fraud, enforce the Law, but govt. intervention in the markets always makes things worse!
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