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Desc:Fires up those investors with wild, hateful rhetoric.
Category:Business, News & Politics
Tags:rant, CNBC, Wall street, Rick Santelli
Submitted:Space Helicopter
Date:02/22/09
Views:1621
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Comment count is 28
Cleaner82
It is a strange paradox, for people to be united in narcissism.
victorm
Since when has personal responsibility been narcissistic?

Cleaner82
Since a society was comprised of more than just you and its preservation was worth more than some sort of government-funded karmic retribution.

victorm
Yeah but you and I fund the government. I think i know what you're trying to say but I don't think that you do

Cleaner82
Right, we fund the government, and so it should pay you, and not that other guy. Because that other guy, he's a crazy asshole who doesn't know how to spend his money. Is that more or less the gist?

Clearly those greenbacks would be more useful in your capable hands, am I right? That would solve the you crisis, I mean the economic crisis.

victorm
More like you and I fund the government and that money (our money) should not be used to replace the money that someone gambled away by abusing credit.

baleen

I know it feels really good for many people to govern by the gut, as we've been doing for the past eight years. I would really like to see all the bad people get what they deserve too. My parents have seen 40% of their life savings dissolve overnight, and they are live-simply people who never gambled a cent. However, if the ship has to keep rowing you can't throw away 1/4 of the oarsmen, even though they are not doing their share of rowing or have been busy stealing rum, or else the ship will spend far more time at sea and everyone will starve.

Everybody hates when losers declare bankruptcy, thus excusing themselves from their obligations to everyone who trusted them, but we've already proven that if you create a large enough culture of disenfranchised debtors, they are less likely to become participants in the culture in the future and end up costing even more for the tax payer. It's more of that "preventive" stuff liberals like talking about so much. If you're conservative, consider this a preemptive strike against a terrorist class of losers.




Chancho
If your parents have seen 40% of their net worth disappear, they were probably heavily invested in stocks or real estate. They must have been taking a certain amount of risk to have lost so much.

Cleaner82
Don't be a dick.

simon666
Ah, retarded human beings pantomiming what it looks like to know and mean things. Bravo, bravo! Good show!
stage
Hes right.
kingarthur
Right? He's all over the damn map and can't articulate exactly what it is he's mad about other than some narcissistic need to rant on camera. All I got out of this was a typical privileged asshole's rant about the "losers who can't afford to live in houses", never mind the complete pimping of the American Dream that went on and the resulting massive ponzi scheme that's now falling apart.

victorm
KingArthur master of swords, you might want to figure out what a ponzi scheme is, thanks

kingarthur
The term "Ponzi scheme" is used primarily in the United States, while other English-speaking countries do not distinguish colloquially between this scheme and other pyramid schemes. Learn 2 semantics, conservative scum.

Colonel Cowlung
This whole event was rather strange.

Upon airing it was immediately posted to liberal blogs as an example of the investor upper-class acting like assholes and insulting the proles as "losers," and I could understand that.

Later that evening, NBC ran it on their national evening news and described it as a populist uprising against the government bailout of real estate speculators. The DOW trading floor is real America? We owe our lives to these captains of (financial) industry? They included clips of talk radio listeners railing against the federal government redistributing wealth. I could only conclude that the-powers-that-be were making a concerted effort to generate an astroturf opposition to the federal government using some portion its power in assisting the working man over their corporate overlords.

Fuck these soft-bellied douche bags.
victorm
Dow trading floor? Learn2Finance

Colonel Cowlung
Bah, I forgot all about the Chicago location during my drunken rant.

victorm
It's ok, i am drunk too

EskimoSpy
Hey asshole, everyone has always been subsidizing the mortgages of 'losers'. That's why interest rates are more than slightly above the rate of inflation.

glendower
I didn't see the men in suits complaining when the government pumped 100s of billions into the banks. Assholes.
kingarthur
It's different for them, see, they're entitled to it. Because they so graciously engage in risky management of other people's money and exploit the labor of everyone else, they get a free pass when their Ivy-League asses can't pay the bills.

Xenocide
HEY MR. NEW PRESIDENT-PRESIDENT MAN, YOU LIKE THE INTERNET RIGHT? WELL HOW ABOUT AN INTERNET COMPUTER WEB SITE WHERE WE VOTE ON HOW MUCH POOR PEOPLE SHOULD DIE? YOU CAN'T DRINK WATER AND CARRY IT, THAT'S WHAT BENJAMIN JEFFERSON SAID!
Caminante Nocturno
If I ever meet this shit head in person, I'm going to start kicking him, and I can't say for certain when I will stop.
revdrew
Explain again why these assholes are suffered to live. A good cross section of America? Are you fucking kidding me?
kingarthur
Of course it's a cross section, it's got Harvard AND Yale.

roughnready66
The "government is promoting bad behavior" by helping out homeowners? Yet Santelli and Larry Kudlow are always begging for government intervention through taxpayer handouts and tax cuts for bank shareholders. They got a huge one just a couple months ago to the tune of 0 billion. It did nothing for the economy. Helping homeowners has a much more tangible benefit. It also provides a new chance at saving the economy.

The same banks that got the 0 billion taxpayer bailout (with more to come) leveraged real estate out the ass for the past ten years and created this mess in the first place. It was people like Santelli, Kudlow (Bear Stearns), and Jim Cramer (Goldman) who were at these financial institutions while they trading the poisonous default swaps.

In fairness to Santelli, he did back off slightly on Friday night. But people need to realize that many of these talking heads on CNBC are nothing more than financial self-interest taken to the extreme. They represent wealthy investors. They can only see as far as the next quarter's profit report, which is a big part of the problem.
Cleaner82
Of course he backed off, he went nuts because he had some people behind him. He ditched sense for a quick power fix and deserves zero respect for morning-after regret.

Syd Midnight
IT WASN'T OUR FAULT! IT WASN'T CAPITALISM'S FAULT!
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