Epic Santelli Rant On 'Un-American' Federal Reserve/Treasury Incompetence

Stunned at the sheer ineptness and lack of due diligence in the Libor-rigging details that are being uncovered specific to Geithner's Treasury and Bernanke's Fed, CNBC's Rick Santelli reflects on just how unbelievable TARP was in this context. "Hurry up, let's spend three quarters of a trillion dollars; how much due diligence did they do for our role as taxpayers in basically bailing out the banking system? Obviously zero!" and this as they knew these very-same banks were manipulating rates. Opining on the un-Americanism of jet-skis and outsourcing, Rick states unequivocally "what's un-American is we now have the Federal Reserve Bank of New York and Treasury taking heightened importance in regulating us in the future through Dodd/Frank. Shame on their legislation!" Meanwhile, those very same un-American Treasury staff (who we are supposed to trust with the future of our banking system and implicitly the economy we pre-suppose) have just been caught soliciting prostitutes and breaking conflict-of-interest rules.

Under 3 minutes to open your eyes...

Comments

[Tom Green Swedish]

Although this video has nothing to do with Santellis rants (which I enjoy immensely).  I still find it extremely entertaining.  Supposedly Petraeus is really intereseted in Afghanistan's Lithium.

Here it is in all its glory:

http://www.youtube.com/watch?v=BVFZu97fWbU&feature=related

[CitizenPete]

I want to get free golf and exotic sex with prostitutes, where does one sign up for these Treasury Benefits? 

[juujuuuujj]

Mainstream outrage is like pink slime. Looks like food, but it's really crap.