Tuesday, February 24, 2009
It's no surprise that there are arrogant windbags like this Santelli jerk. His well-publicized rant about the mortgage bailout proposal has gotten too much air time. If you watch this pair of videos, 1 minute of the first is sufficient to get the message. The only reason I could suggest watching this a$$hole's rant is to show how out of touch he is with the reality of regular Americans. Do you think that a roomful of traders is representative of the American public? From his words and tone, one might infer that he'd like to see the mortgage portion of the stimulus be directed to speculators like him rather than given to people who really need it. Remember that speculators buying properties to flip them contributed a LOT to the inflation of real estate prices, a major contributor to the current situation where so many homeowners are underwater on their mortgages. I wonder how many of these a$$holes helped cause that part of the problem. The second video is much more worthwhile- an appropriate response to the arrogant prick.