CNBC’s Tea Party Mad-Prophet Rick Santelli Loses It; Gets SMACKED Down!
Outspoken (and many would say empty headed polemicist and attention hound) CNBC reporter Rick Santelli gets into one of his most-heated arguments ever with economics reporter Steve Liesman and a panel of four other financial reporters over Fed policy, inflation and interest rates.
Santelli's CNBC colleagues do not seem even remotely amused. Watch it here. It gets heated about 2:30 in, really boils over at around 6 minutes,.
Whoa.
We’re used to seeing CNBC reporter Rick Santelli rant, and rave. He established it as part his brand at the start of the financial crisis, in a tirade against the bailout that called for a new “tea party” protest. But he has been given a lot of wiggle room by his fellow reporters, and at times, open admiration for "telling it like it is." Not this time.
Steve Liesman seems to have lost all patience with him and summed up the opinion of the panel and Paul Richards at UBS:
“Rick, there is no single piece of advice you’ve given that’s worked, Rick. Not a single one. It is impossible for you to be more wrong. Your call for inflation, the destruction of the dollar, the failure of the U.S. economy to rebound. Every single bit of advice you have given would have lost people money.
Santelli walks off camera at about 11 minutes.
http://www.dailykos.com/story/2014/07/14/1314024/-CNBC-s-Tea-Party-Mad-Prophet-Rick-Santelli-Loses-It-Gets-SMACKED-Down?detail=email
These right-wing assholes makes all kinds of claims, and NEVER get called out like that.
Hey, Yoni, tell us again how CRA/govt FORCED banks to make all those toxic loans to black people!