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Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)

 
Anonymous Coward
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11/06/2008 01:08 PM
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Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
[link to market-ticker.org]

11/6/08

Santelli Tells The Truth

Quickie - on-air Rick told the truth and admitted to official network censorship of that truth....

"Every industrialized nation is putting a lot of supply on the market because they all have insolvent banks, woops I'm not supposed to say insolvent banks, they all have banking issues"

(I mighta not caught that exactly as spoken, but if not it was damn close!)

Gee, you think maybe you should stop by the bank this afternoon - no matter where you might live in the world - for a little withdrawl action?

Naw, printing up a few trillion in extra Treasuries doesn't indicate that we're trying to cover up a bunch of liars - and actual insolvencies (that is, bankruptcies) that are being intentionally (criminally?) hidden from view, does it?

Nor does Wachovia and National City selling out for 2/3rds less than their balance sheet (published just days before) said they were worth.

Remember, Cramer said yesterday on Big Idea that the banking system has been "saved".

I wonder - did the "powers that be" at CNBC order him to say that like they apparently told Rick not to speak the truth?"
Anonymous Coward
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11/06/2008 01:19 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
Rick is a rebel. He would have just said it.
Kanigo2

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11/06/2008 01:26 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
He has been saying the same thing for three weeks.


The market doesnt need the government--

The banks need their medicine..


and the fed can start new banks with Gov salaried employees..


Top pay 400k.
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ThePatriotMind

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11/06/2008 01:28 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
LINK ASAP PLEASe

someone get this video clip up if anyone can find it.... video mor epowerful than printed words
Signed

The Patriot Mind

* please read "The Creature from Jykell Island" short easy read on how federal reserve was founded... Then follow that up with the movie "America: Freedom to Fascism "
Omega

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11/06/2008 01:32 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
He has been saying the same thing for three weeks.


The market doesnt need the government--

The banks need their medicine..


and the fed can start new banks with Gov salaried employees..


Top pay 400k.
 Quoting: Kanigo2


He's been saying it a lot longer than 3 weeks bro. About 5-6 weeks ago I saw him get in an argument with that bald headed fat fuck, scream THEY ARE ALL INSOLVENT, rip his lav mic off and stomp off camera. Stunned silence was the result.


It was glorious....
Handguns are a skill; shotguns an art; rifles a science.
_____________________________________
Democracy is two wolves and a sheep voting on whats for dinner.

Disarmament is the precursor to Genocide.

Better to take action now rather than chances later. Your choice.
Anonymous Coward
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11/06/2008 01:36 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
You mean the Econosmackdown with Senior Leisman. Those smackdowns are the best.
Anonymous Coward
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11/06/2008 01:38 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
He has been saying the same thing for three weeks.


The market doesnt need the government--

The banks need their medicine..


and the fed can start new banks with Gov salaried employees..


Top pay 400k.


He's been saying it a lot longer than 3 weeks bro. About 5-6 weeks ago I saw him get in an argument with that bald headed fat fuck, scream THEY ARE ALL INSOLVENT, rip his lav mic off and stomp off camera. Stunned silence was the result.


It was glorious....
 Quoting: Omega


Anonymous Coward
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11/06/2008 01:40 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
I have the Daily Reckoning emailed to me and there was an interview with Ron Paul .. I know a lot of people here like him.

[link to www.dailyreckoning.com]

It's about half way down. Bill Bonner is always interesting.
Kanigo2

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11/06/2008 01:44 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
He's been saying it a lot longer than 3 weeks bro. About 5-6 weeks ago I saw him get in an argument with that bald headed fat fuck, scream THEY ARE ALL INSOLVENT, rip his lav mic off and stomp off camera. Stunned silence was the result.


It was glorious....
 Quoting: Omega



I was right there with ya brother..
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Anonymous Coward
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11/06/2008 01:46 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
He has been saying the same thing for three weeks.


The market doesnt need the government--

The banks need their medicine..


and the fed can start new banks with Gov salaried employees..


Top pay 400k.


He's been saying it a lot longer than 3 weeks bro. About 5-6 weeks ago I saw him get in an argument with that bald headed fat fuck, scream THEY ARE ALL INSOLVENT, rip his lav mic off and stomp off camera. Stunned silence was the result.


It was glorious....



 Quoting: Anonymous Coward 536588

damn that screen shot showed the SP at 1189.

its 25% lower now.
Omega

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11/06/2008 01:47 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
He has been saying the same thing for three weeks.


The market doesnt need the government--

The banks need their medicine..


and the fed can start new banks with Gov salaried employees..


Top pay 400k.


He's been saying it a lot longer than 3 weeks bro. About 5-6 weeks ago I saw him get in an argument with that bald headed fat fuck, scream THEY ARE ALL INSOLVENT, rip his lav mic off and stomp off camera. Stunned silence was the result.


It was glorious....



 Quoting: Anonymous Coward 536588



Yeah that one LMFAO......beer and keyboard met........lucky I had a backup.....
Handguns are a skill; shotguns an art; rifles a science.
_____________________________________
Democracy is two wolves and a sheep voting on whats for dinner.

Disarmament is the precursor to Genocide.

Better to take action now rather than chances later. Your choice.
KS
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11/06/2008 02:01 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
Rick is the fucking man.

He is the only one on CNBC worth a damn.
MercurialStorm

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11/06/2008 02:26 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
I saw him saw that too, he's the only one that will try to tell the truth and not BS us.

He's the only one on that channel worth watching other than the hotties like Erin Burnett MMMMM
BRING THE DOOM
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11/06/2008 02:30 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
Dang... you would almost think that the media is bought in some way.

Personally, I think the economy is a little worse off than what Wall Street presents.
anonymous
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11/06/2008 04:24 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
All this happened in the 80s ..same global mess...
highstrung

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11/06/2008 04:46 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
All this happened in the 80s ..same global mess...
 Quoting: anonymous 544942



yeah, but this one is looking worse.. alot worse. more like the 1875 crash than the 1929 crash..
google is your friend.
If there is a will.... There is most certainly a way!
Anonymous Coward
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11/06/2008 05:27 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
Anyone looking for the video of this? Would love to watch it.
Anonymous Coward
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11/06/2008 06:46 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
If you could see some (and I said just some) of the large scale big picture what would you do with the information?

Laugh at it. Make funny jokes.
My guess is you would do nothing.
And the reason why you would not do anything is because you do not have the correct knowledge.

A deer in the headlights is still hamburger.

Still, perhaps I am being a little too harsh and am
only reacting to the commentary on the GLP.

So go read and then I will GRADE the comments posted.

[link to www.kitco.com]
Starseeder

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11/06/2008 07:05 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
Is that it ?

[link to www.cnbc.com]
Simplicity is the key to Heaven...more than ever.

Verily I say unto you, Except ye be converted, and become as little children, ye shall not enter into the kingdom of heaven. (Mat 18:3)
Anonymous Coward
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Taiwan
11/06/2008 08:02 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
bsflag



More disinformation.
Anonymous Coward
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11/06/2008 08:31 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
& Cramer has repeatedly said, "America, of, by & for the Corporations."

& that aint disinfo, just the truth - what Nader was getting at w/his Uncle Tom rhetoric

rant
paladin

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11/06/2008 09:16 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
hey all...

this is ture..

I am up every morning at 4 am.......I saw some one last week say the banks are..insolvent..

the people at cnbc went to a break....that guy was gone..
The Pasty Honkey

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11/06/2008 09:53 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
hey all...

this is ture..

I am up every morning at 4 am.......I saw some one last week say the banks are..insolvent..

the people at cnbc went to a break....that guy was gone..
 Quoting: paladin


Why do they try to hide (or refrain) the information? Do they enjoy lying or do they really think people will flip out? Obviously most people are too lazy to put 2 and 2 together so you could tell the "truth" all day long and not much would happen.

Anyhow, are these CNBC people finance or accounting folks? Or are they just reading teleprompters?
paladin

User ID: 545187
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11/06/2008 10:07 PM
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Re: Rick Santelli admits on CNBC they aren't supposed to say banks are insolvent (but they are)
hey all...

this is ture..

I am up every morning at 4 am.......I saw some one last week say the banks are..insolvent..

the people at cnbc went to a break....that guy was gone..


Why do they try to hide (or refrain) the information? Do they enjoy lying or do they really think people will flip out? Obviously most people are too lazy to put 2 and 2 together so you could tell the "truth" all day long and not much would happen.

Anyhow, are these CNBC people finance or accounting folks? Or are they just reading teleprompters?
 Quoting: The Pasty Honkey



they just reading teleprompters....


this is what you need to know...

about 6 months ago I was watching ..Bloomberg..TV..

they went to break..

well guess what.......something happened..

the girl thougth she was off the air.....she went into a rant about...that she does not have a script.....she can see here monitor.....she does not know what she is to talk about......or say..

I have this on tape.......LOL

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