The Best of Rick Santelli

Thanks for telling it like it is Rick! Keep up the great work!!

Clips courtesy of CNBC, MRC, and CommonSenseCapitalism

February 6, 2011. Tags: , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Rick Santelli on GSE Reform

Vodpod videos no longer available.

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.”

Rick Santelli on GSE Reform , posted with vodpod

August 17, 2010. Tags: , , , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Rick Santelli ~ Fed and Treasury have no business pumping up housing at expense of taxpayers

Vodpod videos no longer available. Courtesy of CNBC ~

Airtime: Fri. Aug. 13 2010  8:00 AM ET

Steven Ricchiuto, of Mizuho Securities USA, and Thomas Higgins, of Payden & Rygel, debate whether the Fed should back away from the economy.

Rick Santelli ~ Fed and Treasury have no busine…, posted with vodpod

August 13, 2010. Tags: , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. 2 comments.

Rick Santelli lets Kanjorski D-PA have it on Fannie, Freddie reform…

love the Rickster!

Our many posts on FAN and FRED here

May 11, 2010. Tags: , , , , , , , , , , , . Economy, Finance, Foreclosures, Housing, Obama Administration, Politics, Wall St. 1 comment.

PPI up 1.8% – another classic smack down b/w Rick Santelli and Liesman

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US producer prices rose more than expected in November, lifted by a surge in energy costs, and recorded the first year-on-year gain since last November, according to a government report on Tuesday

…The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate jumped 1.8 percent, the largest gain in three months, following a 0.3 percent rise in October.

Analysts polled by Reuters had expected producer prices to increase by 0.8 percent last month. Compared with the same period last year, producer prices surged 2.4 percent in November, posting their first gain in a year and the largest rise since October 2008….

Empire State Index:

…The New York Fed’s “Empire State” general business conditions index fell (TO) 2.55 in December from 23.51 in November.

This was the biggest monthly decline on record and the lowest reading since July 2009 when it was at minus 0.55. The index has risen from a record low of minus 22.23 in March….

more about “PPI up 1.8% – another classic smack d…“, posted with vodpod

December 15, 2009. Tags: , , , , , , , , . Economy, Politics, Wall St. 1 comment.

Financial Regulatory Reform: Did Jamie Dimon stop the re-enactment of Glass-Steagall?

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Update: Oh this is  rich, Andy Stern and SEIU are having an ‘end too big to fail’ rally outside Golden Slacks, it sounds like they are actually supporting the Dodd position which the WH is NOT supporting but we know Andy Stern is there (WH) more than anyone else…so are they ‘accidentally’ using the same words as Jamie? Are they helping to keep Golden Slacks’ negative profile so high they don’t bid on taking any of the assets in the FDIC bank seizure sales? (Jamie is against the Dodd too big to fail legislation because he reportedly wants to buy some of those assets and Golden is a competitor…is the WH not really against the Dodd legislation and lying to Jamie? Is Stern just greedy or is this planned? man oh man…)

…a couple hundred of them — led by Service Unions International Union president Andy Stern — plan to gather outside of Goldman Sachs’ Washington offices Monday morning to protest the firm’s mega-bonuses, and demand the end of the “too big to fail” doctrine, according to a press release.

The event will be held outside 101 Constitution Ave. N.W., an office building that’s home to many of the most powerful lobbyists and corporations in town, including Goldman. It’s also where you can find POLITICO’s Capitol Hill bureau (in the basement).

Among their demands, the protesters will say that Goldman bankers should donate their reported $23 billion in bonuses to foreclosure prevention programs….

jamieboxing

wow. We supported Jamie Dimon for Treasury Secretary. Face it Geithner already gave billions to the banks via AIG and CITI, may as well have a TOUGH fox guarding the hen house, and Jamie is the toughest. Paul Volcker who gets wheeled out for the occasional photo-op is clearly being ignored, treated like the ‘crazy Uncle’,  as Charlie Gasparino puts it.  Obama is listening to only one banker it seems, Jamie who has vested interests in keeping things as they are.

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Airtime-Fri. Nov. 13 2009 – 12:50 PM ET – CNBC’s Charlie Gasparino has the details on whether Jamie Dimon is too powerful.

Jamie Dimon-  ‘No Bank Should be Considered Too Big to Fail’

…Dimon, in a Washington Post opinion piece, said the government shouldn’t provide artificial life support to banks that don’t perform. “The term ‘too big to fail’ must be excised from our vocabulary,'” Dimon wrote in Friday’s Post.Yet he said it shouldn’t be the size of the institution that drives the new regulatory policies being considered in Congress but rather their ability to manage risk and provide the best services for customers.

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November 13, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , , , , , . Economy, FDIC, Finance, Obama Administration, Politics, TARP, Wall St. 1 comment.

Fed Policy, Interest Rates, Q.E. & the Dollar Debate

Great debate! Rickster and Steve goin at it. Larry tells Steve he is drinking the Fed koolaide, BWAAAHA!! I agree with Rick and Larry (not surprising since they both express concern for the ‘common man’ that’s the koolaide I drink, LOL!) Stay tuned to the very end for a GOLD forecast.

Vodpod videos no longer available.

CNBC:

Discussing whether the Fed is headed in the right direction, with Frank Holmes, U.S. Global Investors; David Goldman, First Things Blog; CNBC’s Steve Liesman & Rick Santelli.

more about “Fed Rates, Q.E. & the Dollar Debate“, posted with vodpod

November 4, 2009. Tags: , , , , , , , , , , , , , , , , , , . Economy, Finance, Labor Department, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. 1 comment.

Update 2: DOW off a cliff: down 230…El-Erian on economic outlook & Santelli & Liesman on the data; Market Mover Friday: Consumer Spending plunges – down 0.5%

Update 3: Closing Bell DOW down 251 to 9710, S&P closed under that 1040 level, losing 30 to close at 1036, NAS down 52 to 2045.
grizzly1

Update 3: 309pm EST: we just broke under 3.40 on the 10, 3.39 and the traders have an eye on the S&P at 1040 1042 is the closing level to watch (1035 now) DOW near the lows off 263. as of 200pm 456 of 500 S&P 500 stocks are lower..

Update 2: Dollar up, and in tandem as has been its habit DOW falling. Methinks peeps saw the consumer spending and got with MiM’s analysis of the GDP for themselves. WHAT IS THE DRIVER OF GROWTH GOING FORWARD?

None , zip, zilch, the big goose-egg. What sane capital would take a risk in this political environment? Not I. I would keep my head down I wouldn’t even want to make ‘too much profit’. Pfft. Nowhere to go but down after a 3.5% GDP yesterday, the govt cant print fast enough to maintain the velocity of money to hit that number in 4Q, and 1Q 10? Housing should be collapsing again under unemployment.

DOW was down 270 now down 228 to 9735, S&P down 26 to 1039 NAS down 47 to 2050. Peeps watching 10 yr yield at 3.40, if we break that, they say hold on…

Update: PIMCO’s El-Erian on economic outlook & Rick Santelli and Steve Liesman debate the spending and income data:

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October 30, 2009. Tags: , , , , , , , . Economy, Music, Obama Administration, Politics, Unemployment Statistics, Wall St. 1 comment.

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