This is a very interesting video from CNBC. Commenting from the floor of Chicago Board Options Exchange, Rick Santelli causes a stir and gains support of traders nearby as he expresses his views on the current stimulus legislation. The video is about four minutes long.
Incase you cannot see the video, here is the link to YouTube.
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The New Clarion – “Rick ‘Sam Adams’ Santelli”
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Of course stock brokers are going to be mad about the stimulus…it’s cutting in on their money.
CNBC? Someone actually watches CNBC?
In fairness, though, I am sure you also want to provide the link to the White House’s response to Mr. Santelli’s rather ridiculous rant:
here.
I am glad to see that financial traders dare to speak up! Please stay tuned for my upcoming podcast interview on Solid Vox with Jonatahan Hoenig of CapitalistPig LLC.
@Phuckpolitics – It’s hard to say. Depending on what companies are benefitted by the stimulus bill, stock brokers who handle portfolios that contain those companies might do quiet well.
@Len – Thanks for the link. I did not know that Gibbs was asked a question regarding Santelli. And no, I don’t watch CNBC, especially since I only get to watch TV in the evenings for just a few hours.
@Martin – Looking forward to it. I am enjoying your perspective on the U.S. economy from Europe.
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