Everything Rick Santelli Knows is Wrong
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We wouldn’t normally take the trouble to note a CNBC shouting match, but we particularly enjoyed this exchange:
Liesman: Rick, you’ve lost enough people enough money by now.
Santelli: Why don’t we put that to a referendum? Let’s put it on our website right now. Who lost you more money, Steve Liesman or Rick Santelli. Put your money where your mouth is.
Liesman: Rick, you argued interest rates would be higher, you argued for the crash of the dollar, Rick. Rick, you had everything wrong, Rick. There wasn’t a single thing you had right.
It was Rick Santelli, you may recall, who originally inspired the Teabaggers. Over — no, not AIG, not the stimulus, not even Obama — the federal mortgage bailout.