Absolutely Must See CNBC Bailout Video: A Call To Arms From Your Leader: A Few Words From General Rick Santelli. Chicago Tea Party
Many of you are visiting this article from a link at Playboy magazine. The accusations the authors make about our site are categorically untrue. Neither of the writers made any attempt to contact me prior to posting their article. We are a completely independent news site focused exclusively on the bailouts. We have no absolutely no affiliation with or funding from any right-wing political groups. We have no relationships with any centrist or liberal groups either. Did I mention that we are independent.
All readers are invited to visit our offices in Bloomington, Indiana to see for yourselves. Thank you for having an open mind until you have read my response. I extend the same invitation to the Playboy writers Mark Ames and Yahsa Levine. I wish you had offerred me the courtesy of contacting me before you dragged our name through the mud.
Take a moment to consider the glorious irony of Playboy magazine accusing someone else of being fake. Thank you for that collective moment, as you just became me for a second.
Our virtues torn asunder by the tyranny of our lords, we exist but for the faint tap of revolution.
Would we hear a revolution that shuddered violently in the cadence of the heart.
Would we hear a revolution that commenced upon a far-away hill.
Would we hear a revolution that was but the wrenching of one man's soul.
Our ears have strained.
With surprising alacrity, the Chicago Tea Party has already come to be. For the first night in this often-harrowing, progeny-forsaken battle with our own leaders, the momentum has finally shifted to the good guys. We suspect this will be the most important event for taxpayers of this nation in 236 years. Dive into this primer on our last big tea party. Rick mentions our Founding Fathers and particulary Thomas Jefferson as having some subterranean issues with our jaunt into socialism. Try not to be alarmed if you read Jefferson's timeless quotes on Money and Banking, compiled here last week. And below is our original commentary before the bells of revolution began ringing loudly tonight.
Taxpayers finally have a leader and he is one of us. For newcomers, his name is Richard Santelli and he toils daily on the floor of the Chicago Board of Trade, where he all-too-infrequently is allowed the opportunity to deliver his thoughts via CNBC. Summarized: he's the smartest person on the entire network. Attention CNBC producers: offer Rick his own show. He is your one true superstar. This man is respected universally by your viewers, yet he has gotten a few lousy minutes per day for 9 years now. Will someone in management at CNBC please wake the f up and get this situation corrected. Without criticizing anyone personally, we viewers are forced to tolerate the many bubbleheads you parade in front of us because we have no real alternative. But make no mistake, the CNBC volume is almost always on mute across the trading floors of the world, both large and small. There is one and I repeat only one person on your air who sends millions of us scrambling to un-mute our remotes, and his name is Santelli. So again, producers, with respect, wake up and give him the show he has long deserved.
Rick, this message is to you. You are a true American hero and there are no words to describe what you did today except your own. Headquartered nearby, we will be helping the organization in whatever way possible.
Santelli Videos Part 2 Argument with Liesman Gets Heated: Thurdsay CNBC
Santelli Videos Part 3 Hardball with Chris Matthews: Friday Night MSNBC
Santelli Videos Part 4 Today Show with Brian Williams and Liesman: Friday Morning NBC
Santelli Videos Part 5 Two Videos: White House Press Secretary Attacks and Santelli Responds
New Ron Paul Video Must See. Brand New Interview with Bill Maher: Friday Night HBO
The United States of Insolvency $20 Trillion National Debt by 2012
Bailout Your Asshat Neighbor The Newest Plan from Team Obama
Thursday's 45 Best Financial Links
DailyBail
Updated with our response to the patently false and irresponsible accusations by Playboy magazine.
Reader Comments (47)
Santelli is the most logical person they've got.
guess that Wall Street bailout was just fine to him and the rest of the boys on the trading floor...
what a farce...
How many of us Americans wanted to bailout these criminal cocksuckers...
$600 trillion in derivatives... GONE...
these fuckers defrauded us into a situation where there are only bad solutions...
Obama's only option is putting out fire with gasoline...
it won't work
nothing will.
look up.
the sky is falling.
Roy El Saghir should get a clue, Rick Santelli has been railing against every single one of the bailouts from day one, and most floor traders are opposed to them because they work for small shops and support honest financial markets where winners win and losers lose.
BAHAHAHAHA!!!
That hasn't existed in this country since the establishment of the Federal Reserve System in 1913... the whole thing is a fucking scam...
everyone loves to scream about the bailouts while no one notices the 8,000 pound gorilla in the room... the fact that our ENTIRE system is built upon a giant ponzi scheme... how can we have honest financial markets when the entire system is designed around a confidence game...? there is no actual money there... just false promises and gullible sheeple...
I agree with you on this: Gold is the ONLY money.
In the end, we're all dead...
In general I try to avoid getting information from cnbc since they put the banker's friend Erin Burnett on Meet the Press a couple weeks ago. Are they all idiots at CNBC?
santelli has been completely against the bank bailouts. he has not supported them in any way.
he doesn't want bailouts for any industry.
i'll be posting for video soon from santelli that will show you in his own words..
here are my thoughts on erin burnett on meet the press a few weeks back.
"CNBC's Erin Burnett: banking apologista. leader of idiots"
http://dailybail.com/home/2009/2/2/bank-bailout-news-cnbcs-erin-burnett-banking-apologista-lead.html
faber has been solid for close to 15 years. it has always seemed to me that he is restrained by mgmt. in sharing his bearishness.
he's definitely not a bubble head. ron insana was pretty damn good. hopefully he comes back to cnbc now that his hedge fund career is over.
jane wells is funny to me, though i know some think she's corny.
dylan ratigan is extremely solid in my opinion. plus he has railed against the banks and the bailouts.
jeff macke is not a regular except on fast money and that guy is the real deal. he's the most interesting fiinancial guy on tv anywhere. he's a genius and he's honest and funny. that's a pretty good combo.
oh and of the reporters Diana Olick is outstanding as well. she ahs told the truth about housing from the beginning. not a bullshit bull in any way.
The chicks are certainly easy on the eyes but not too many of them seem to "get it," which can also be said for the remainder of most of the regular men on CNBC.
Special shout out to Michelle Caruso Cabrera who has also been strongly opposing this crap, and actually defended the forgotten "renting class" that no one seems to pay any mind to. Newsflash: We are the ones who will bail out the nation, but will continue to wait it out on the sidelines until affordability isn't just a word politicians throw around without meaning, but instead actually becomes a reality.
There is no housing crysis, only a housing correction. Let it run its course instead of delaying the inevitable and prolonging the pain. America, its time to take our medicine. Bottoms up
This mortgage relief money is going to wind up in the hands of the banks eventually anyway, so it's just more money for them. Rick and friends on CNBC work for and promote the interests of WALL STREET. Daily Bail, don't bother posting any video of Rick railing against the bank bailout because THERE IS NONE. Whatever video there is of him speaking against the bank bailout was said with a 'wink and a nod' to his banker buddies. I have nothing against Rick or CNBC, but I know who their master is and who they serve.
looks like you didn't watch everyday. don't be so sure of yourself in the future. it makes you look tiny when your attacks are so easily repelled.
http://www.youtube.com/watch?v=I-1g0OZJIdk
and there's this
http://www.youtube.com/watch?v=3fNN_nOFs2Y
this is not about the bank bailouts exactly though it is extremely entertaining.
liesman and santelli discuss free markets. guess who supports free markets?
http://www.youtube.com/watch?v=4FLafggeno8
and here santelli reams liesman for supporting bernake and his view on the bailouts.
http://www.youtube.com/watch?v=tvpBEBFDMaU
and that is exactly what i contend happend yesterday. it was an accidental birth of genius.
you will see. the chicago tea party will be bigger than you possibly imagine.
and i bet you see it much sooner than july.
but i do however agree with your thesis that the networks are beholdend to their coprorate sponsors as a general rule.
but where in any of these passionate rants do you detect a wink and a nod, as you stated?
all i hear is bristling anger.
you just chose the wrong guy to target, because santelli has never supported a single bailout of any sort.
listen to the number of times he calls himself a disciple of Ayn Rand.
case closed.
next.
how have traders from the CBOT ever been bailed out.
i think you were confused and thought santelli was at the nyse(even there most of the floor traders are independents and don't work for any firms that got bailout cash.)
at the cbot, some are independents and some work for firms. i can't remember the mix at the moment. but the firms are not the types generally who got bailout dough.
Who is going to give a voice to those Florida first time home buyers who have not only been victimized once by the OFR for giving licenses to criminals, victimized twice by the brokers who were out for greed to destroy them and a third time by the US Government who is spending billions to help everyone but those of us who now have to spend thousands that we do not have to try and sue for restitution. My lawyer will only speak to me when I have money to send to him which is not often or very much. WHO IS GOING TO HEAR THE PITIFUL CRY OF THESE VICTIMS? WHO IS GOING TO GIVE US A VOICE? WHO IS GOING TO GIVE US ASSISTANCE?
In February 2005 I was working at the Sarasota Herald Tribune. I found a for sale by owner home I was interested in buying. I had just gone through a divorce and this would be my first home purchase. Cheryl Phillips was our company credit manager and she came to solicit me for her husband Verne Phillips who worked for Southeast Capital Advisors llc owned by Arthur R. Seaborne.
She took me to meet Verne and I hired him as my mortgage broker. I did not know Seaborne at this time. As the deal began I was ignored, lied to and threatened. I was refused an inspection on the house and was told by Seaborne that if I did not close without the inspection I would lose my earnest money and be sued for the price of the house.
This man falsified my loan application and forged my signature to a balloon note for 56K that he gave to the sellers as my down payment. Therefore he lied as well to the lenders at the time World Savings.
I was kept away from the house for a week after closing and was threatened by the Sarasota Police to be sent to jail if I went near the house that I now owned. I never received keys to the house and when I finally did get into the house it was filled with mold, plumbing leaks, foundation leaks, roof leaks and all the sellers trash and dirt. All of which was not on the property disclosure.
Since then I tried to clean up the house to no avail, it is overrun with toxic mold to which I am allergic. I DO NOT LIVE IN THE HOUSE AS IT MAKES ME DEATHLY ILL. And I have now been sick for 3 years having to take 2-3 pills a day just to breath.
I contacted the FBI and the state office of financial regulations about this crime perpetuated upon me. Detective Maslowski called me daily threatening me criminal charges for signing the loan docs I was forced to sign. His constant harassing calls cost me my job. After I found new employment a Agent Brady of the FBI began calling my new work to find me then began his barrage of harassing calls costing me yet another job.
At this point I have hired 2 different lawyers. One, Mr. Andrew Mooney took my retainer of 2k and did nothing. Then came the only lawyer I could find to accept my case of mortgage fraud and non-disclosure with little funds up front as I have no money now. Lawrence P Cartelli is a family law lawyer and is barely working on my case.
After doing some investigating I have found that Art Seaborne lost his RE license after the OFR found he practiced mortgage fraud back in 1989. Why did they ever give him a mortgage brokers license in 2000 knowing he was already found guilty of fraud previously?
I now an broke, I have a house that is falling to the ground from mold, literally and I owe 290K plus on, my credit has gone from 780 to well below 400, I cannot get a job and I an destitute while Art Seaborne hires the best lawyers in the country and the sellers drag out my case for the non disclosure so I will not be able to afford to complete it and my lawyer will not communicate with me now because I cannot pay him.
I have read about the mortgage fraud victim’s fund and I desperately need this help so I can find the justice and restitution I deserve. Had the OFR not been negligent I would not be here dying as I am now. I am a 48-year-old divorced woman with a BA who now has nothing after working for 22 years except air to breath to sustain life. I cannot even afford to eat everyday. I had a beautiful and promising life ahead of me and the State of Florida has robbed me of this life.
I can get no one from the OFR or the FBI or any other state entity to help me or to tell me what is going on. Please help me. Please!
Will you please assist me? I am a law abiding and tax-paying citizen of this state. I even graduated from USF so I gave the state of Florida my hard earned money there.
I refuse to let this go and just give-up all my dreams and aspirations so the fat cats of the State of Florida can save face in their illegal dealings. I will be heard, I will give a voice to other victims like myself or I will die trying!
Your broker should be prosecuted and thrown in jail. However, you still chose to buy.
that's a very sad story. i would contact your congressman immediately.
Seeing them boo and hiss the Democratic President is a joke. You can't seriously misunderstand this issue so much that you actually think President Obama is causing this problem, do you?
If you truly believe in this issue, then go down to Texas to bush's home, and then go to bernanke's, paulson's, and greenspan's to protest.
And by the way, since you don't understand how CBOT works enough to know that it benefited from the bailout and subsidies, I'll post a few link below for you and others. In it, you'll see how CBOT supported last year's bailouts. I don't see any quotes from rick santelli opposing it. I don't have enough time to get more articles, but that's really not my job to educate everyone.
http://economictimes.indiatimes.com/Market_Analysis/Fed_bailout_may_become_rescue_package_commodity_mkt/articleshow/3524320.cms
From the article:
Commodity traders are cheered by several things: one, the infusion of so much cash may well lead to inflation. That, traders expect, would stoke demand for commodities as a safe haven investment. Crude has gained about $30 as investors rush back into the commodities complex, halting a steep slide below the $100 barrier.
http://www.agriculture.com/ag/story.jhtml?storyid=/templatedata/ag/story/data/1222724577958.xml
From the article:
Matt Pierce, Futures International LLC, says a lot is riding on a bailout. Overall, no bailout is negative for agricultural commodities.
@mitchell
how have traders from the CBOT ever been bailed out.
i think you were confused and thought santelli was at the nyse(even there most of the floor traders are independents and don't work for any firms that got bailout cash.)
at the cbot, some are independents and some work for firms. i can't remember the mix at the moment. but the firms are not the types generally who got bailout dough.
You're either a liar or an idiot, because Santelli's been railing against bailouts from day one.
Anyway, that "passionate speech" you're looking for is right here: http://www.youtube.com/watch?v=I-1g0OZJIdk&feature=PlayList&p=28F92FD76E8BFCF1&playnext=1&index=37
Of course, you just want to believe that any trader or free market guy just <i>has</i> to be a hypocrite, so no evidence of Santelli's consistent, principled opposition to bailouts will make one dent in that ossified mind of yours.
"History is loaded with leaders that tell the masses that everything is so horrible, you have to do something now."
At 1:00 he says, "I'm not making a judgement call either way." When asked about his view about the bailout. But he does make a judgement call at 6:19 and says, "I do agree; something needs to be done." Taken in the context of the discussion that was going on, his statement is, "I do agree; a bailout needs to be done." The "something" he was referring to was the government bailout they were discussing.
His performance in the video was really disappointing. This was a point in time when things were really bad and there was a lot of uncertainty. You could tell that even he was scared about what would happen if the government didn't intervene. That is why he chose his words and why when you watch it you see him come out against gov't bailouts and then for bailouts in the same clip. I'm sure his other speeches around that time are similar - I saw lots of free market people pulling that stunt.
After the government intervened, he changed his tune quickly and went back to his ranting against bailouts as you can see in videos made after the bailout. He's merely another cramer. Now he, like many others, are coming out against President Obama for continuing the bailouts that they originally supported. Some anti bailout sites suddenly appeared after President Obama took office and the right wing is in full force now.
This hypocrisy is sickening. During the original bailout discussions, nearly everyone was scared into supporting them. I wrote to my elected officials and asked them to vote against the bailouts and I told my friends that bailing out banks was going to hurt us long term and I would have said the same thing on CNBC that day and I wouldn't have waivered, unlike santelli.
http://www.youtube.com/watch?v=I-1g0OZJIdk
http://www.playboy.com/blog/2009/02/backstabber.html
stay focused ppl!
I will post it now in my home page. It's so far off it's comical.
http://dailybail.com/home/2009/3/1/the-mother-of-all-irony-playboy-magazine-targets-the-daily-b.html
All readers are invited to visit our offices in Bloomington, Indiana to see for yourselves. Thank you for having an open mind until you have read my response. I extend the same invitation to the Playboy writers Mark Ames and Yahsa Levine. I wish you had offerred me the courtesy of contacting me before you dragged our name through the mud.
Take a moment to consider the glorious irony of Playboy magazine accusing someone else of being fake. Thank you for that collective moment, as you just became me for a second.
The response that Santelli has generated is a great example of what John Tantillo just called "the power of brand people" on his last brand winner/loser post. http://blog.marketingdoctor.tv/2009/02/23/brand-winners-and-losers-the-people-and-the-big-banks.aspx
I voted for Obama, was an early Obama supporter, and think that the stimulus is the best of the bad options we have before us. And I think that 20 years from now, we'll still be debating whether or not the stimulus was effective, and whether or not it was the right thing to do.
I do see this movement as a very positive thing, though. Santelli's rant as well as the White House's response. There are idiots and thoughtful people on both side of this issue. More conversation will at least help clear up some misconceptions as to how the money is being spent and who is benefiting, And this opposition should put always-needed pressure on Congress (to counteract some of the pressure from lobbyists) to be accountable for where the money goes. I take it for granted that some of this money will be wasted and that some will go to those who shouldn't be getting it, special interests, etc. That's just the way politics worse. With 'brand people' - nerdy as it sounds, I hope this will be closer to...say, 15% rather than 40% (numbers randomly chosen..).
Some good can come out of these times. As John Tantillo said in his post (referenced above): "Fact is, we’re going to see more of this as politicians recognize that they will have to be ever more accountable to a well-informed and motivated brand that will demand results instead of ideology."
I was not convinced it was true, nor false.
Then I come to this blog, read the comments glorifying this Rick person, and now I am leaning towards labeling the story TRUE. Mindless "Fearless Leader" freeper nonsense and gibberish. Or, just as likely, PAID PROPAGANDISTS flooding blog comment sections everywhere.
And PLEASE people, giving trillions to corporations to stay PRIVATELY OWNED is FASCISM. Not "socialism" and please stop proudly displaying the level of your ignorance for all to witness.
Targeting your fellow American at a time when he or she is facing losing their home, their lifestyle, because some boilerroom operative conned them into taking a loan they did not qualify for, then observing the bailout of the scammers in silence (or stating on youtube "something needs to be done" when it was bankers getting bailed out, as Santelli did), while heaping scorn on working class Americans struggling, well, I believe it would not be too difficult to find someone truly DESERVING of our admiration.
Rick Santelli and his "Free Trader" army aren't it, America.
We've now all seen firsthand what the "Chicago Business School" model for America's financial sector as led us, haven't we??????????????????????????????????????????????????????????????????????????????????????????????
And now some want to enshrine it in the White House, AGAIN??? REALLY??????
After the last 8 years of Twilight Zone America????????????????????????????????????????????
They MUST be paid to spout such complete fantasies.
BTW: The next idiot Rightwinger that compares Rick Santelli to Thomas Jefferson in my close proximity will learn the meaning of my FIST AMENDMENT, upside your fool head.
you're a lunatic.