Skip to comments.CNBC's Rick Santelli Condemns Media for Ignoring Removal of 'Pig Slop' Cap on Fannie, Freddie
Posted on 12/29/2009 11:47:24 AM PST by Rufus2007
While much of the national media was focused on a Christmas Eve Senate vote to pass health care reform legislation, the Obama administration's Treasury Department was tending to other business that will have serious implications for the U.S. economy. But did anyone notice?
As Zachary Goldfarb reported for The Washington Post on Christmas Day, the Obama Treasury said it would lift the limits on what the federal government could provide in "emergency aid" to Fannie Mae and Freddie Mac - without seeking permission from Congress. That led CNBC CME Group floor reporter Rick Santelli to ask if anyone noticed and/or realized what was really at stake with this move during the Dec. 29 broadcast of "Squawk Box."
(Excerpt) Read more at newsbusters.org ...
I know, wish we could pull him over to Fox, but hopefully he’s reaching that small minority that still watch CNN.
I love Santelli. He’s like a fish out of water on CNBC. I wish the Fox Business News Channel would steal him from CNBC and get him over where he can unleash himself and say what he really wants to. Hope someone from Fox sees this and follows up. Santelli is a pearl amongst swine.
While you’re at it Rick, how about slamming Fannie Mae and the incompetent felon Franklin Raines, for the openly racist policies that caused much of this mess in the FIRST PLACE.
Wagging dog, wagging dog....
Bingo. Fannie & Freddie are scams filled with ACORN “workers.”
U mean dat guy wit the million bucks a year taxpayer paid pension?
Yes. That and they backed, actually FORCED, grossly ill-advised, RACE-based mortgage loans that threw decades of sound fiscal practice and due diligence, out the window.
The Fed; Bringing you unbridled currency expansion, easy credit and bursting bubbles since 1913!