Rick Santelli to Steve Liesman: "Don't Open Your Mouth and Say Dumb Things" (Video)
One of the things that I like about Rick Santelli is that he doesn't come from the privileged side of the finance industry. He' a middle class kid who went to the University of Illinois Urbana-Champaign, not exactly the hollowed halls that most of the people in the media, in Washington, or On Wall Street hail from. He's a Midwesterner and he scrapped into the business.
It is interesting that he is now often demonized as a heartless shill for the financial elite because of his rant earlier this year against the mortgage cramdowns. But for months prior to this Santelli railed against the bailout of the banks as well. He's a capitalist probably for the same reason I am. If your smart and don't come from a privileged background capitalism allows the chance to better oneself. An average person has a chance, a chance, at greatness.
Under a rigid socialist-fascist system (like the system that may be emerging) a ruling class is who calls all the shots. There is little upward mobility for guys with last names like Santelli, or Sorrentino for that matter.
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