[abb]

I concur with your analysis. I, too was watching CNBC live that morning. Herewith the realtime FR thread.

http://www.freerepublic.com/focus/f-news/2189035/posts

CNBC Floor Commentator Outburst “Obama are you Listening?”(SILENT MAJORITY ALERT)
CNBC.com ^ | 2/18/2009 | Rick Santelli

Posted on 2/19/2009, 7:35:24 AM by longtermmemmory

Aproximatly 8:10 am est one of the commentators whose first name is Rick Santelli and is a regular commentator form one of the trading floors just went NUTS about this bailout scam.

The traders who are generally silent while he makes his comments were CHEERING!

One even grabbed the mike and chimed in and said “perhaps we should all stop paying our mortgages”.

This Greg was pointing out that the free market WOULD CORRECT the forclosures and put the forclosed property at REAL market value with people who could actually afford to pay them.

he ended with “..are you listening President Obama? this is the silent majority.”

If anyone can provide a transcript or video/tivo link this would help.

He just RIPPED the IDIOT who was from the Obama “freebie” administration. His video is here, http://www.cnbc.com/id/15840232?video=1039822893&play=1

It is IDENTICAL to what Rush was saying. Obama is only helping the impossible loan deadbeats. Obama is burning the homes of the silent majority america.

FOLKS IT WAS AMAZING AND NEEDS WIDER SPREAD!

HIS COMMENTS NEED TO GO VIRAL!!
1 posted on 2/19/2009, 7:35:25 AM by longtermmemmory

[Chgogal]

I remember that day. I was at work so I didn't see it live. Boy did that Santelli rant have an impact. Thanks for the original post.

[C. Edmund Wright]

Thanks for posting that....the FREEP thread really does kind of validate that this was an explosive moment, after which nothing was ever the same again.

[C. Edmund Wright]

there’s a bitter one on this thread that thinks you and I are wong.