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!!
wanted this up fast.
Just wow!
God bless Santelli, Kudlow, Kernan et al, and all the folks over there who get it.
Earlier they had a guy from the Chicago trading pit — he was on about 6:30 a.m. Man did he rip into Obama and his plans. It was refreshing to hear the truth. This administration is giving away the store to everyone yet there are no incentives for investors. There is no reason for anyone to jump back into the markets. But what do you expect from a community organizer who thinks you can build the economy from the bottom up. It’s a totally flawed strategy.
Obama and the Democrats continue to loot middle America.
BFL
?????? Went to both links and times...? don’t see it there.
Buy Gold and sell Longer Term Treasuries.
It’s gone.
which clip is it??
I’m in the process of cashing in my assets and buying gold! Any opinions?
There are traders going wild on this clip? I don’t think so.
Do you have a better link?
I caught just the last part of his comments. I would love to see the clip and post it on my facebook page.
You sure you posted the right video? All I saw was an in-studio interview
ping
Here is the CNBC video from 6:30 this morning. The good stuff is halfway in. Watch and pass it on.
http://www.cnbc.com/id/15840232?video=1039800896&play=1
CNBC is pro-bailouts.
Even during the first $700 Billion bailout vote, they quickly turned cameras and mic’s away from any commentor who was anti-bailouts.
The day last fall that $700 Billion bailout was voted down in the Senate (pre-McCain suspending his campaign), the hosts were livid that it had been defeated. Dylan was ranting like a mad-man.
It was disgusting to watch that display from supposedly professional business news people. I haven’t watched CNBC since.
Double standard, anyone???