Quote:
Originally Posted by The 13th 4postle
I saw it b4 it was on Drudge fwiw, I didn't think it was going to make the top headline on drudge.
Cliffnotes: The guy who reports from the floor at Chicago starts arguing and saying how the DOW keeps going down because they are rewarding incompetence. He starts yelling, the guy from New York calls him and the six traders around him "thugs" and he loses it!
The Chicago floor trader was Rick Santelli, and the New York guy was Steve Liesman. Santelli is pretty much the only sensible CNBC reporter and constantly ****s on the latest ham-handed government attempts to stabilize the financial system. Liesman never saw a boondoggle he didn't like. In this case, Santelli went off about the whole delinquent mortgage bailout fiasco, and Liesman spouted back nonsense about the market failing. Santelli handed him his ass. It was hilarious.