Rick Santelli tribute thread.

[CountryBoy]

Very good points about BHO and the American people being to trusting or asleep at the switch. The markets sure have plummetted since Nov 4 and I had honestly thougth they would go up until the people caught on to who this guy really is and what he stands for.

CB

 

[Silverbird]

Ok....let's see...Mr. Santelli says he shouldn't pay for his neighbor's house with the fancy upgraded bathroom. That sounds like an McMansion, or at least a house with value over $400K. Those were covered by Jumbo loans, and aren't backed by Freddie or Fannie, so that neighbor is out of luck. He does not get help under the new program.

Fancy upgraded houses usually have a second mortgage involved. Anyone with two mortgages isn't likely to get much help from the program, as you have to get agreement from both of your lenders, and the second loan isn't covered. So the company supplying the second loan has good reason to stick to its guns, and let the house go to foreclosure. So most likely that neighbor is out of luck, again.

Or is the house with the upgrade a "flip"? Secondary and Tertiary residences don't qualify, only primary. So that investment home doesn't qualify either, and most likely the neighbor is running scared cause he can't find a renter to hold the property.

What can he get if he's paying his loans on time? How about the possibility of a re-finance if his buying price was ridiculous and now his total loan value is under water?

The ones who profitted (I mean in the literal sense of making money) from the housing bubble were mostly flippers or loan suppliers. Not saying that all of the buyers of a new primary residence were angels, they just thought that the loan company was going to get some risk too, so if they went down, so would the lender, so the lender wouldn't give them a song and dance loan. haha...no such thing.

Housing prices were DEFINATELY ridiculous by 2006, and the loan rates were too low, and anyone who could breathe could get a loan. What we need is for houses to stop foreclosing so we know how much our house ARE worth.

 

[CountryBoy]

I can be pretty thick headed sometimes, but did I just get chewed out for agreeing with the premise of not paying for those who shouldn't have been in homes to begin with

Right now on cnbc the pols and BHO are all sitting around [atting themselves on the back for holding meetings, which they should've held before signing this welfare package.
CB

 

[Steadygain]

Ok....let's see...Santelli says he shouldn't pay for his neighbor's house with the fancy upgraded bathroom. That sounds like an McMansion, or at least a house with value over $400K. Those were covered by Jumbo loans, and aren't backed by Freddie or Fannie, so that neighbor is out of luck. He does not get help under the new program.

Fancy upgraded houses usually have a second mortgage involved. Anyone with two mortgages isn't likely to get much help from the program, as you have to get agreement from both of your lenders, and the second loan isn't covered. So the company supplying the second loan has good reason to stick to its guns, and let the house go to foreclosure. So most likely that neighbor is out of luck, again.

Or is the house with the upgrade a "flip"? Secondary and Tertiary residences don't qualify, only primary. So that investment home doesn't qualify either, and most likely the neighbor is running scared cause he can't find a renter to hold the property.

What can he get if he's paying his loans on time? How about the possibility of a re-finance if his buying price was ridiculous and now his total loan value is under water?

The ones who profitted from the housing bubble were mostly flippers or loan suppliers. Not saying that all of the buyers of a new primary residence were all angels, they just thought that the loan company was going to get some risk too, so if they went down, so would the lender, so the lender wouldn't give them a song and dance loan. haha...no such thing.

And the housing prices were DEFINATELY ridiculous by 2006, and the loan rates were too low.

Thanks Silverbird,
He is one of the many voices ready to blame Obama for everything...

because he is either not doing enough... or doing too much of the wrong thing..

It would be wonderful if all of us could get on the same page and put the blame where it largely belongs: The Shadow Banking System and the Hedge Funds

Because now 'the responsible' are left to deal with the consequences of 'the irresponsible' - the 'regulated and sound systems' are left with the consequences of 'the unregulated'

LEHMAN BROTHERS - was highly involved as was AIG - but it seems no one wants to acknowledge where the trouble really started and who was responsible.

just my little 2 cents - but it actually seems in line with you

 

[Silverbird]

I don't think the people who shouldn't have gotten loans in the first place will get help here, simply because the loan company won't agree to re-finance; the incentive isn't enough to take on the risk in that case.

 

[budnipper1]

Ok....let's see...Mr. Santelli says he shouldn't pay for his neighbor's house with the fancy upgraded bathroom. That sounds like an McMansion, or at least a house with value over $400K. Those were covered by Jumbo loans, and aren't backed by Freddie or Fannie, so that neighbor is out of luck. He does not get help under the new program.

Fancy upgraded houses usually have a second mortgage involved. Anyone with two mortgages isn't likely to get much help from the program, as you have to get agreement from both of your lenders, and the second loan isn't covered. So the company supplying the second loan has good reason to stick to its guns, and let the house go to foreclosure. So most likely that neighbor is out of luck, again.

Or is the house with the upgrade a "flip"? Secondary and Tertiary residences don't qualify, only primary. So that investment home doesn't qualify either, and most likely the neighbor is running scared cause he can't find a renter to hold the property.

What can he get if he's paying his loans on time? How about the possibility of a re-finance if his buying price was ridiculous and now his total loan value is under water?

The ones who profitted (I mean in the literal sense of making money) from the housing bubble were mostly flippers or loan suppliers. Not saying that all of the buyers of a new primary residence were angels, they just thought that the loan company was going to get some risk too, so if they went down, so would the lender, so the lender wouldn't give them a song and dance loan. haha...no such thing.

Housing prices were DEFINATELY ridiculous by 2006, and the loan rates were too low, and anyone who could breathe could get a loan. What we need is for houses to stop foreclosing so we know how much our house ARE worth.

I don't think the people who shouldn't have gotten loans in the first place will get help here, simply because the loan company won't agree to re-finance; the incentive isn't enough to take on the risk in that case.

What Rick said in his rant was "an extra bathroom", instead of your revised version of "a fancy upgraded bathroom". His description was emphasizing that the house was more than the owner could have realistically afforded to start with. Second mortgages and real estate flip-deals were not mentioned either. Funny how the story has been twisted and retold to distract from his original and valid complaint. I've become immune to this type of stuff from Obama's worshipers who are convinced that he can do no wrong.

[FONT=Times New Roman, serif]Obama's stimulus plan is to bail out the irresponsible[/FONT]

President Barack Obama wants to spend $75 billion to reduce mortgage payments so roughly 9 million people can stay in their houses. That's in addition to the $400 billion given to Fannie Mae and Freddie Mac for the same purpose. That's nearly a half-trillion dollars! Has anyone thought to run the numbers on this?

That comes out to $52,778 for every homeowner either already "under water" or close to it. In the meantime, the middle class is getting a tax break of $8 a week. Sounds like a fair trade, doesn't it? And many Americans won't see a tax break at all.

So, how would this program work? Lenders will be encouraged — and paid — to reduce at-risk homeowners' mortgage payments down to 38 percent of their monthly income. At that point, the government will pay to have the mortgages reduced to 31 percent of their monthly income. Which begs the question: How did these people get loans in the first place when their mortgage payments were over 38 percent of their monthly income?

There used to be some tried and true standards for home loan qualification. First, your debt-to-income ratio had to be reasonable.
Usually, total debt above 42 percent made you a bad candidate for a loan.
Obama is asking lenders to get just the mortgage payment down to near that level then the government will lower it even further. It's incredible.

There also used to be a little matter called a credit score. This was thrown out the window by the social engineers who deemed it unfair that people who didn't honor their obligations were being locked out of the American Dream.

Then there was the matter of a down payment. Twenty percent was customary. That, too, was ditched for many so we could cram as many unqualified homeowners into as many homes as we possibly could. And, no, the lenders were certainly not without blame. They bowed to the requests of Fannie Mae and Freddie Mac in order to play ball and grow their companies.

The second major component of the Obama plan is the part that just confounds me. This is aimed at those whose home value has dropped. Somehow it's just not fair that your house isn't worth what you paid for it so Mr. Obama is going to allow you to refinance at 5 percent with no money down. It was the fact that people had nothing in their homes to start with that made it easy for them to just walk away. Has it occurred to anyone that if someone walks away from their mortgage obligations just because their home value drops, they probably shouldn't have gotten the loan in the first place? Maybe we'd be better off just to write all these people a check for $53,000 and be done with it.

I don't ask for much. I pay for the roads with my gas tax. I pay for the schools with my property tax. I pay for other state and local government services with my sales tax. Just what am I getting for my federal income tax?

It's a curious thing. It seems the more I pay the less I get. I don't get food stamps or subsidized housing. I don't need free health care or classes on sexually transmitted diseases. I don't need to be rescued from a hurricane I don't have sense enough to get out of the way of. I don't need energy assistance or college grants.

I'm a responsible citizen. Who's going to bail me out? Nobody! Until I'm irresponsible enough to warrant it, the only part of the bailout bill I get is the bill.

http://www.tennessean.com/article/20090222/COLUMNIST0130/902220347

 

[lacaprup]

Sorry I missed this thread earlier. God bless Rick Santelli. He said what hundred of thousands of fiscally responsible Americans are thinking. I wish he would run for Senate in NY.

 

[CountryBoy]

What Rick said in his rant was "an extra bathroom", instead of your revised version of "a fancy upgraded bathroom". His description was emphasizing that the house was more than the owner could have realistically afforded to start with. Second mortgages and real estate flip-deals were not mentioned either. Funny how the story has been twisted and retold to distract from his original and valid complaint. I've become immune to this type of stuff from Obama's worshipers who are convinced that he can do no wrong.

[FONT=Times New Roman, serif]Obama's stimulus plan is to bail out the irresponsible[/FONT]

President Barack Obama wants to spend $75 billion to reduce mortgage payments so roughly 9 million people can stay in their houses. That's in addition to the $400 billion given to Fannie Mae and Freddie Mac for the same purpose. That's nearly a half-trillion dollars! Has anyone thought to run the numbers on this?

That comes out to $52,778 for every homeowner either already "under water" or close to it. In the meantime, the middle class is getting a tax break of $8 a week. Sounds like a fair trade, doesn't it? And many Americans won't see a tax break at all.

So, how would this program work? Lenders will be encouraged — and paid — to reduce at-risk homeowners' mortgage payments down to 38 percent of their monthly income. At that point, the government will pay to have the mortgages reduced to 31 percent of their monthly income. Which begs the question: How did these people get loans in the first place when their mortgage payments were over 38 percent of their monthly income?

There used to be some tried and true standards for home loan qualification. First, your debt-to-income ratio had to be reasonable.
Usually, total debt above 42 percent made you a bad candidate for a loan.
Obama is asking lenders to get just the mortgage payment down to near that level then the government will lower it even further. It's incredible.

There also used to be a little matter called a credit score. This was thrown out the window by the social engineers who deemed it unfair that people who didn't honor their obligations were being locked out of the American Dream.

Then there was the matter of a down payment. Twenty percent was customary. That, too, was ditched for many so we could cram as many unqualified homeowners into as many homes as we possibly could. And, no, the lenders were certainly not without blame. They bowed to the requests of Fannie Mae and Freddie Mac in order to play ball and grow their companies.

The second major component of the Obama plan is the part that just confounds me. This is aimed at those whose home value has dropped. Somehow it's just not fair that your house isn't worth what you paid for it so Mr. Obama is going to allow you to refinance at 5 percent with no money down. It was the fact that people had nothing in their homes to start with that made it easy for them to just walk away. Has it occurred to anyone that if someone walks away from their mortgage obligations just because their home value drops, they probably shouldn't have gotten the loan in the first place? Maybe we'd be better off just to write all these people a check for $53,000 and be done with it.

I don't ask for much. I pay for the roads with my gas tax. I pay for the schools with my property tax. I pay for other state and local government services with my sales tax. Just what am I getting for my federal income tax?

It's a curious thing. It seems the more I pay the less I get. I don't get food stamps or subsidized housing. I don't need free health care or classes on sexually transmitted diseases. I don't need to be rescued from a hurricane I don't have sense enough to get out of the way of. I don't need energy assistance or college grants.

I'm a responsible citizen. Who's going to bail me out? Nobody! Until I'm irresponsible enough to warrant it, the only part of the bailout bill I get is the bill.

http://www.tennessean.com/article/20090222/COLUMNIST0130/902220347

Thanks budnipper,

Sometimes I just get tired of responding to posts where the facts are misquoted or construed in such a way, that the initial meaning is lost. The people that can't afford their homes should RENT.

I just get tired of people defending the irresponsible, who'll never ever learn their lesson. Unfortunately we'll always have the stupid and irresponsbile with us, but that doesn't mean we need to pay carry their load and pay their way. And those of us that are responsible are just sick and tired of people justifying stupidity and laziness.

Well said and nice link, there are more folks that agree with Santelli than don't and if BHO continues with this welfare giveaway, something bad will happen. Us folks that are responsbile and play by the rules are just getting worn down and frustrated and frustrated people will strike out.

CB

 

[CountryBoy]

Santelli fires back at White House Press Secretary


http://www.youtube.com/watch?v=LQ7_ZzW1jJ4

Even Kudlow recognizes Bullying from BHO and his thugs. Keep fighting for free speech Rick. And hey he likes Jimmy Stewart, a true American who put his life on the line in WWII, Stewart walkd the walk and talked the talk.

CB

 

[budnipper1]

About 600 people attended the "Tea Party" in Nashville today. The local organizer said this wasn't bad, given the short notice. Another follow-up party is in the works.

View attachment 5914

More pics here: http://michaelnotmike.wordpress.com/

Sent: Friday, February 27, 2009 2:08 PM
Subject: "Middle Tennessee Tea Party" sent you a message on Facebook...


Judson Phillips sent a message to the members of Middle Tennessee Tea Party.

--------------------
Subject: Thank you!

I want to take a moment to thank everyone for their help with the party! People came, people contributed and people exercised their constitutional rights.

Two separate counts put the crowd at over 600. Given the weather and the short lead time, I am pleased beyond words.

It was an incredible experience and I am grateful to everyone who helped make it possible.

This is not the end. Obama/Pelosi/Reid will not roll over just because we held our tea parties. This was put together in less than a week. We are going to plan further events, so that the government in Washington knows that the citizens are not happy and we will be heard.

Again thank each and every one of you!

Judson Phillips

Middle Tennessee Tea Party
http://www.facebook.com/group.php?gid=131981320191

 

[salsabob]

Steward Smackdown of Rick Santelli and other CNBC Morons

Jon Steward smackdown of Rick Santelli and the other CNBC morons -

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

 

[Show-me]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Jon Steward smackdown of Rick Santelli and the other CNBC morons -

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

Welcome to the message board Salsabob.

First Jon Stewart is first a comedian, second a entertainer, third a socialist, fourth not educated in business, fifth not a rocket scientist, and sixth took Rick Santelli's comment completely out of context.

He took one sound bite and twisted it around and if he would show all of the prior rant Santelli had denouncing bailing out companies it would be a mute point. Rick Santelli has always denounce any bailout of any company. Let the free market work the way it must. Rick has always been against the Fed. and Treasury bail outs. He was against the TARP, TALP, and all bail outs.

The rest of the idiots on CNBC are not in the same league as Santelli but in some of there defense they are just reporting what they are being told by the lairs and crooks so don't murder the messengers.

We have a huge mess that I will have to pay for because I will not qualify for any of the "free money". They should have let it all fail because even if you help failing mortgage holders out with a sweet heart 2% interest rate for 40 years doesn't mean they have a job or will pay the mortgage.

Can someone tell me what my reward is for living within my means?

 

[budnipper1]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Jon Steward smackdown of Rick Santelli and the other CNBC morons -

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

Welcome to the message board Salsabob.

First Jon Stewart is first a comedian, second a entertainer, third a socialist, fourth not educated in business, fifth not a rocket scientist, and sixth took Rick Santelli's comment completely out of context.

He took one sound bite and twisted it around and if he would show all of the prior rant Santelli had denouncing bailing out companies it would be a mute point. Rick Santelli has always denounce any bailout of any company. Let the free market work the way it must. Rick has always been against the Fed. and Treasury bail outs. He was against the TARP, TALP, and all bail outs.

The rest of the idiots on CNBC are not in the same league as Santelli but in some of there defense they are just reporting what they are being told by the lairs and crooks so don't murder the messengers.

We have a huge mess that I will have to pay for because I will not qualify for any of the "free money". They should have let it all fail because even if you help failing mortgage holders out with a sweet heart 2% interest rate for 40 years doesn't mean they have a job or will pay the mortgage.

Can someone tell me what my reward is for living within my means?

How do you like your salsa, Bob?....Hot, or mild? :laugh:
Oh yeah, welcome to the MB.
​

View attachment 5972 View attachment 5973

 

[Gumby]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Can someone tell me what my reward is for living within my means?

Sure can......share your wealth!

 

[CountryBoy]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Can someone tell me what my reward is for living within my means?

Yeah warm and fuzzy doesn't keep the wolves away. But as Gumby said, you can give your money to BHO's people, they aren't productive or produce anything as a whole.

CB

 

[robo]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Troll :laugh:

Fugitive,

I'm still laughing !!!!! It gets my vote for the Best Video of the year award in the Documentary Category.

Rick Santelli is also an entertainer and most of the CNBC talking heads are for sure comedians.... Let the record speak for itself...

I have been calling those folks what they are for years. I agree with Jon Stewart in many ways - even if he is a comedian... Crooks on Wall Street or the crooks in Chicago - bottom line all crooks....

Again, my favorite video of the year!

I have wanted to make my own comments regarding comments I have been reading in other threads these days and I think this is a very good time to comment.


First - I’m also stinking tired of bailing out companies! So do we just let all these companies go bankrupt? These companies have employees and probably many are hard working since they don’t have any easy job working for the Government.

Want to save some real money and create jobs. Fire half the federal employees - which many are incompetent and over paid. Next privatize the post office. That should save the government 100's of billions of dollars and create millions of jobs. How many Federal employees GS-15's and higher sitting around offices waiting to retire and complaining about giving help to companies and paying taxes.

Amazing some of the comments I read on this board from Federal employees...

Just amazing!

My opinion of course - and many folks working for the Goverment couldn't hold a job at a GM assembly plant and GM probably runs much better than our Government. Yep - and what's the pay for a GS-15 sitting in his office today with benefits?

Yeah - there are lots of hard working folks in the Government and the post-office - but it’s less than half in my experience that’s for sure.. How many lazy folks can you think of just hanging around and drawing a pay check and not held accountable for not doing their job.... Hmmmm... I bet you can think of a few huh!

How many incompetent supervisors do you have to deal with daily? We have the Million dollar crew in our office.. That’s what the supervisors combined pay and benefits is for our small Maintenance Department. Now, I could go on for hours how incompetent many are - but what’s the point. We all know plenty of them and that includes co-workers that are just hanging around because it's easy money!!!!

I just stopped counting how many where I work. It's truly amazing and not really funny. Hard work is rewarding with hard work to pick up the slack for many lazy people. Again, how many do you know?

Too many folks on this site throw rocks when they live in the biggest – most incompetent – wasteful - glass house and company in the United States. Yeah – we should not help any of these folks – none deserve it!

Go - Rick – Go!!!


Now – what does that have to do with investing and TSP. Nothing, but that’s pretty much what I read in some of the threads these days. So - I think I’ll post my opinion from time – time –about all these Federal employees complaining about private industries and the Government… I’ll only post investment stuff in the Bear Cave.

Anyway - it is just my opinion and since so many are just posting opinions about things that have nothing to do with investing I thought I would also....


Take Care!

http://www.youtube.com/watch?v=cTAk54c8tFQ



Yeah - I agree, some of these folks don't deserve help Ricky - but many do!

 

[malyla]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

I have wanted to make my own comments regarding comments I have been reading in other threads these days and I think this is a very good time to comment.

Amazing some of the comments I read on this board from Federal employees...

Just amazing!

Too many folks on this site throw rocks when they live in the biggest – most incompetent – wasteful - glass house and company in the United States. Yeah – we should not help any of these folks – none deserve it!

Yeah - I agree, some of these folks don't deserve help Ricky - but many do!

Well, ... I was wondering when someone was going to bring up the safety seat griping that some on this message board have been entertaining(?) us with about the helping of our fellow citizens. I have often considered the 'let them sink or swim - no lifevest for you' comments from Federal employees to be ironic, at the least, if not idiotic, but also taking the other side can be dangerous from our nice cushy safety seat.
I may be a FED with some safety from this financial collapse, but I do have everyone of my family members who are not in the safety seat, who are struggling and scared (hell, I'm scared), who look to me and others for answers and reasurance and, yes, even financial assistance. I try to provide what I can. Not one of them fits in the 'irresponsible consumer' catagory.
I tend to look at these placeholder days when we can't short a falling market as days to try to undersatnd how we got here (real issues, not attacks on consumers who only took what was offered them) and how we may, as a society, get out of here with as little damage as possible.
It is scary out there and maybe, using this MB as a way to blow off steam and distance us from the fear we may all be feeling, is not appropiate for this venue. I have no answer for that. I do so get tired of the 'bootstrap' references and the 'irresponsible consumer' chat that is out there. Many are hurting due to no fault of their own. Even hearing that Wells Fargo is in trouble scares me more than I can express - thats my bank. For me, fatigue is setting in and have only to take a break from this MB and stop listening to CNBC to reduce the stress. It's nice that that is all I have to do to relieve some of the stress I feel about this financial meltdown as I check my account to see that my paycheck was deposited. Time to help my family.

 

[Guest2]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Jon Steward smackdown of Rick Santelli and the other CNBC morons -

http://www.thedailyshow.com/video/index.jhtml?videoId=220252&title=cnbc-gives-financial-advice

"AT THE END OF THE DAY" Rick Santelli will look like he always has.
One of us, intelligent and not afraid to speak his mind. Jon Steward
will continue to seek ways to boost his product (to gain market share)
within his media following. :suspicious:

 

[Guest2]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Well, ... I was wondering when someone was going to bring up the safety seat griping that some on this message board have been entertaining(?) us with about the helping of our fellow citizens. I have often considered the 'let them sink or swim - no lifevest for you' comments from Federal employees to be ironic, at the least, if not idiotic, but also taking the other side can be dangerous from our nice cushy safety seat.
I may be a FED with some safety from this financial collapse, but I do have everyone of my family members who are not in the safety seat, who are struggling and scared (hell, I'm scared), who look to me and others for answers and reasurance and, yes, even financial assistance. I try to provide what I can. Not one of them fits in the 'irresponsible consumer' catagory.
I tend to look at these placeholder days when we can't short a falling market as days to try to undersatnd how we got here (real issues, not attacks on consumers who only took what was offered them) and how we may, as a society, get out of here with as little damage as possible.
It is scary out there and maybe, using this MB as a way to blow off steam and distance us from the fear we may all be feeling, is not appropiate for this venue. I have no answer for that. I do so get tired of the 'bootstrap' references and the 'irresponsible consumer' chat that is out there. Many are hurting due to no fault of their own. Even hearing that Wells Fargo is in trouble scares me more than I can express - thats my bank. For me, fatigue is setting in and have only to take a break from this MB and stop listening to CNBC to reduce the stress. It's nice that that is all I have to do to relieve some of the stress I feel about this financial meltdown as I check my account to see that my paycheck was deposited. Time to help my family.

Nicely put Malyla ! If it wasn't for reading your post and wanting to thank
you, I'd still be clinching onto what evers close by. I've redefined getting
a grip, lately. When I'm experiencing the edge and see so many frustrated,
it gives me reason to hope were close to what we all seek, Death of the
Bear. Thanks again.

 

[robo]

Re: Steward Smackdown of Rick Santelli and other CNBC Morons

Malyla,


My mother and stepfather still work and they are in their 70's. They have no choice but to work. I do send them money to help out. They are losers - because of all the mistakes they made in their lives. They now manage a trailer park so they get free rent. They have no savings due to many years of medical problems and poor decisions during their life. Losers - yes, but still my family.

I agree with you and it’s my take also.... Many of these losers and folks that are losing their houses and jobs are hard working folks and made a mistake trying to live the American Dream.

Yeah - many deserve what they got, so lets not help any.....


The Banks - Brokers -Mortgage companies - Wall Street etc.... are not to be blamed.


I watched the house of cards that CNBC put out and there is plenty of blame to go around. However, we should be smart enough to come up with a plan that helps out those they did not lie about loans and did the right thing.

Many of these folks in my book are NOT LOSERS Ricky and just need some help...

Take Care and I'm glad I have a nice secure job with benefits.

To bad all you losers out there - I'm doing just fine. You should have saved more and did without and you would not be in this trouble.... If some of these losers had my nice Government job - at least you wouldn’t have to worry as much.


Mayla - we will come out of this recession and be a Better Strong Country with much smarter consumers for a few years anyway. The companies that survive will be better and stronger and things will be good again. The Stock Market will rally and we will get some of our lost wealth back... However, the next recession will come again and we will repeat.

Don't worry - stay focused - try and display optimism - keep a sense of humor always - and try and have compassion and understand for all. This mess shall pass in my opinion. You can't keep the folks of this country down too long....

Things will turn and things really do look the darkest at the bottom. That's why being an optimist is like a religion. It's very hard to have faith and you know what happens if you have as much faith as a mustard seed. Well, just think what a big dose of optimism and humor will do for your life...

Take care and I’ll keep most of my posts about investing. However, on occasion I think I will give the other side of what I have been reading in many threads.

Good trading and investing to you next week... I'm done trading - the market has beat me up enough the last 12 months....

Since I still have time to edit. Squalebear sums it up nicely - just folks speaking AT THE END OF THE DAY" Rick Santelli will look like he always has.
One of us, intelligent and not afraid to speak his mind.

Nothing wrong with having an opinion and speaking your mind. Go Ricky....

Robo