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Thursday, February 19, 2009

Rick Santelli's "Chicago Tea Party in July" Rant of the Year

This rant by Rick Santelli on CNBC was great! It could launch his political career .
  • Rick asks if we should reward people who carry the water rather than drink the water?
  • "How many people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills? Raise your hand! "

  • "We're thinking of having a Chicago tea party in July!"

  • "The government should spend a trillion dollars an hour so we get 1.5 trillion back!"
Quote from the CBOE trading floor:
The reason this has hit such a nerve with so many is that the light bulb finally came on for millions: this whole game is about redistribution of wealth. First to the pigmen, then out of the pockets of the collapsing middle class and into the black hole of social welfare. It's about the disenfranchisement of the posterity of our formerly Constitutional republic.

Revolution time is almost here. Thanks, Rick.
From CNBC:


Rick Santelli joined CNBC Business News as on-air editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve.

A veteran trader and financial executive, Santelli has provided live reports on the markets in print and on local and national radio and television. He joined CNBC from the Institutional Financial Futures and Options at Sanwa Futures, L.L.C. There, he was a vice president handling institutional trading and hedge accounts for a variety of futures related products.

Prior to that, Santelli worked as vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for Drexel, Burnham, Lambert. Santelli began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in a variety of markets including gold, lumber, CD's, T-bills, foreign currencies and livestock.

He is a graduate of the University of Illinois Champaign/Urbana with a Bachelor of Science degree. Santelli has been a member of both the Chicago Mercantile Exchange and the Chicago Board of Trade.

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