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Rick Santelli Interview (Audio Only)
King World News - Broadcast ^
| Rick Santelli interviewed @ King World News
Posted on 10/21/2011 10:32:54 PM PDT by Razzz42
(Background) Rick Santelli: CNBCs Business News On-Air Editor - Rick Santelli stepped away from the floor of the Chicago Board of Trade to give King World News listeners globally an uninterrupted and in-depth interview. Rick joined CNBC Business News as On-Air Editor in June 1999, reporting live from the floor of the Chicago Board of Trade. His focus is primarily on interest rates, foreign exchange, and the Federal Reserve. He began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in markets that included gold, lumber, CD's, T-bills, foreign currencies, and livestock. During the time he spent as a financial trader and executive, Santelli worked for Drexel Burnham Lambert as the Vice President of Interest Rate Futures and Options. Rick is also credited with being a catalyst in the early formation of the Tea Party Movement via a statement he made on February 19, 2009.
(Excerpt) Read more at kingworldnews.com ...
TOPICS: Business/Economy; Government; Politics
KEYWORDS: glasssteagall; santelli
Look for the 'play' button under the Santelli picture. GlassSteagall Act 1933
"...The repeal of provisions of the GlassSteagall Act of 1933 by the GrammLeachBliley Act effectively removed the separation that previously existed between investment banking which issued securities and commercial banks which accepted deposits. The deregulation also removed conflict of interest prohibitions between investment bankers serving as officers of commercial banks. This repeal directly contributed to the severity of the Financial crisis of 20072011 by allowing Wall Street investment banking firms to gamble with their depositors' money that was held in commercial banks..."
posted on 10/21/2011 10:33:01 PM PDT
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