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Santelli is just a -$'paid'$- CNBC capitalist tool propagandist, like Jim Cramer who's job it is to delude the unsophisticated investors about what's really going on. Watch the bloomberg channel for more facts & less bullshit hype shilling.<br>
Former governor <b>'Eliot</b> (<i>I love them Ho's</i>) <b>Spitzer's'</b> latest column contains more real information that all of hypocrite Santelli's rants put together.<br>
<font size="4">READ : <a href="http://www.slate.com/id/2213942/" target="_blank"><font color="red"><u><b> The Real AIG Scandal -by Eliot Spitzer</b></u></font> </a></font><br>
<font size="4">READ : <a href="http://online.barrons.com/article/SB118681265755995100-email.html" target="_blank"><font color="red"><u><b> SHORTING CRAMER -Jim Cramer puts on a great show, but his Mad Money stock picks have underperformed the market over the past two years. </b></u></font> </a></font><br>
The comments below I posted about a week ago in another thread in this section<br>
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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. <br>
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. <br>
You don't know what a 'black-box' <s>Financial</s> Flim-Flam firm is, or how it operates?????? You don't know?? <br>
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.<br>
<font size="4">READ:<br>
<a href="http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom" target="_blank"><b><u><font color="red">THE END -The era that defined Wall Street is finally over ...What went wrong?? - by Michael Lewis</font></u></b></a></font><br>
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.<br>
<font size="4">READ : <a href="http://www.informationweek.com/news/management/outsourcing/showArticle.jhtml?articleID=213000389" target="_blank"><font color="red"><u><b> IBM Offers To Move Laid Off Workers To India </b></u></font> </a></font><br>
In the video below, Jon Stewart properly rips , ridicules and exposes as fools CNBC's cheer leading crew<br>
<table style='font:11px arial; color:#333; background-color:#f5f5f5' cellpadding='0' cellspacing='0' width='360' height='353'><tbody><tr style='background-color:#e5e5e5' valign='middle'><td style='padding:2px;'><a target='_blank' style='color:#333; text-decoration:none;' href='http://www.thedailyshow.com/'>The Daily Show With Jon Stewart</a></td><td style='padding:2px; text-align:right'>M - Th 11p / 10c</td></tr><tr style='height:14px;' valign='middle'><td style='padding:2px;' colspan='2'><a target='_blank' style='color:#333; text-decoration:none;' href='http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice'>CNBC Gives Financial Advice</a></td></tr><tr style='height:14px; background-color:#353535' valign='middle'><td colspan='2' style='padding:2px; width:360px; overflow:hidden; text-align:right'><a target='_blank' style='color:#96deff; text-decoration:none' href='http://www.comedycentral.com'>comedycentral.com</a></td></tr><tr valign='middle'><td style='padding:0px;' colspan='2'><embed 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></td></tr><tr style='height:18px;' valign='middle'><td style='padding:0px;' colspan='2'><table style='margin:0px; text-align:center' cellpadding='0' cellspacing='0' width='100%' height='100%'><tr valign='middle'><td style='padding:3px;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.thedailyshow.com/full-episodes/index.jhtml'>Daily Show Full Episodes</a></td><td style='padding:3px;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.comedycentral.com/shows/important_things/index.jhtml'>Important Things w/ Demetri Martin</a></td><td style='padding:3px;'><a target='_blank' style='font:10px arial; color:#333; text-decoration:none;' href='http://www.indecisionforever.com'>Political Humor</a></td></tr></table></td></tr></tbody></table>
download video link<br>
<a href="http://rapidshare.com/files/205836895/Jon_Stewart_Eviscerates_CNBC.rar" target="_blank">http://rapidshare.com/files/20583689...rates_CNBC.rar</a><br>
Now as far as the relationship between 'government Intervention' and capitalism is concerned, in order for capitalism to work as an economic model for the masses and not just the 'capitalists' who Franklin D. Roosevelt aptly described as <a href="http://www.ourfuture.org/blog-entry/economic-royalists-and-rest-us" target="_blank"><b><u><font color="red">"Economic Royalists" in the 1930's</font></u></b></a> , the connection between 'government regulation' and capitalism should be as tight as a hard dick in a tight pussy. <br>
Look at the photo below. It was taken on June 2003. The 5 mofos in the picture are celebrating the removal of government regulation (oversight) from their financial businesses; the sign says "Cutting Red Tape". <br>
<a href="http://img157.imagevenue.com/img.php?image=73596_5mofos_122_167lo.jpg" target="_blank"><img src="http://img157.imagevenue.com/loc167/th_73596_5mofos_122_167lo.jpg" alt="" border="0"></a><br>
<font size="2"><font color="red"><b>Click Photo To Enlarge</b></font></font><br>
The regulations that the bushit administration had removed that they were celebrating were thousands of regulations pertaining to mortgage lending practices and sub-prime loan disclosure mandates. You can read the whole thing here-<br>
<a href="http://www.fdic.gov/about/strategic/report/2003annualreport/section1.pdf" target="_blank">http://www.fdic.gov/about/strategic/...t/section1.pdf</a><br>
Lack of intelligent peer reviewed regulation of 'capitalism' leads to the economic repression that the "Economic Royalists" have gotten us into today. Without regulation "Greed Is Good" totally takes over. Imagine a gambling casino with the ceiling camera monitors turned off! How long would it take for rampant stealing to take place? About a nanosecond. Imagine a pro football game with the referees NOT calling the holding penalty on offensive lineman? Every quarterback in the NFL would throw for 400 yards per game.<br>
Read the article below <b><font color="red">"MR. RISK comes to Washington"</font></b>. Hank Paulson the former chairman at Goldman ratcheted up Goldman Sachs risk (leverage) by a factor of 400%. <br>
READ: <a href="http://www.businessweek.com/magazine/content/06_24/b3988001.htm" target="_blank">http://www.businessweek.com/magazine...4/b3988001.htm</a><br>
<font color="blue"><b><i>Think of Paulson as Mr. Risk. He's one of the key architects of a more daring Wall Street, where securities firms are taking greater and greater chances in their pursuit of profits. By some key measures, the securities industry is more leveraged now than it was at the height of the 1990s boom.</i></b></font><br>
As treasury secretary his lust for de-regulation and more $$$$ profits for his fellow "Economic Royalists", consequences be dammed, helped get us to where we are today. Did Clinton make some deregulation mistakes? Absolutely? But the crew that put Turbo-Capitalism into 5th gear was the bushit administration. The tachometer redlined, the warning lights on the dash were blinking but they kept pushing hard on the accelerator...until they crashed into the wall.<br>
Santelli and his ilk are full of shit. They conspicuously avoid ranting about those who created the bubble, they only blame the recipients of the products the risk factory manufactured. </font>
