Rick Santelli on GSE Reform
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h/t PK4 on ZH: Rick-
“we need a new amendment that gives every American a house, a car with or without fins, 4-5 weeks of vacation with every Monday off …since government knows better than any other enterprise …and we have years of documented evidence to prove it (paraphrased from earlier today).He also stated that big funds will tell the government that if you don’t guarantee them (GSE debt) that they will dump’em. Bottom line. “GSE’s will cost more than any other bailout …and they haven’t even slowed down.”