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Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"

 
Anonymous Coward
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11/12/2008 04:32 PM
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Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Anybody see this on CNBC? Gotta love that guy!
Anonymous Coward
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11/12/2008 04:34 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Here it is:

[link to www.tickerforum.org]
The_Venerable
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11/12/2008 04:35 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Anybody see this on CNBC? Gotta love that guy!
 Quoting: Anonymous Coward 481067


Yeah I saw it. He and Dylan Rattigan and Gasparino are the only people who know anything on CNBC.

The rest are all idiots.
Anonymous Coward
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11/12/2008 04:39 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
bump
Kanigo2

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11/12/2008 04:41 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
LOL thank you--


He was in a PISSY mood today..!!
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password

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11/12/2008 04:49 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
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password

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11/12/2008 04:50 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
They were all edgy today. Even Liesman is having his doubts about Government competence. He thought it would end at 700bn.
The_Venerable
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11/12/2008 04:51 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Anybody see this on CNBC? Gotta love that guy!


Yeah I saw it. He and Dylan Rattigan and Gasparino are the only people who know anything on CNBC.

The rest are all idiots.
 Quoting: The_Venerable 412220


There are a few other good ones too but most of them are stupid beyond belief. They are just like 99% of the people who actually work on Wall St.
password

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11/12/2008 04:54 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
The more tense it gets the funnier they get.

They had their own bank called Squawkovia.
Fescado

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11/12/2008 05:06 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
rsan

heloben

finfail
*yar har fiddley dee
plunder the market 'cause a pirate is free*
Anonymous Coward
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11/12/2008 05:08 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
can you explain "bait and switch"...not sure what this is pointing to
Anonymous Coward
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11/12/2008 05:11 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
can you explain "bait and switch"...not sure what this is pointing to
 Quoting: Anonymous Coward 194075



on sale now 40" plasma screen tv - get yours for only $199.00

"oh sorry, we're all out of those...but, we have this 42" for only $499.00"
Fescado

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11/12/2008 05:11 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
can you explain "bait and switch"...not sure what this is pointing to
 Quoting: Anonymous Coward 194075



I believe it is regarding.....


How Treasury Is Changing $700 Billion Bailout Fund
Topics:Credit Cards | Henry Paulson | Credit | Housing | Mortgages | Subprime Lending
Jeff Cox, | 12 Nov 2008 | 04:36 PM ET

The Treasury is revamping how it uses the $700 billion financial bailout fund, focusing on relatively healthy consumer debt rather than the toxic mortgages that triggered the credit crisis in the first place.
Financial Crisis

As Treasury Secretary Henry Paulson acknowleged during a news conference on Wednesday, the initial decision to buy troubled mortgage assets of financial institutions was "not the most effective way" to use the $700 billion bailout package.

Instead, the Treasury will now use the money to buy securities backed by credit card debt, student loans, auto loans, housing and government agency debt. The intent is to help unfreeze those markets, where interest rates have soared and consumers often are unable to get credit for purchases.

[clip]
 Quoting: [link to www.cnbc.com]


dynamite
*yar har fiddley dee
plunder the market 'cause a pirate is free*
Anonymous Coward
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11/12/2008 05:11 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
can you explain "bait and switch"...not sure what this is pointing to
 Quoting: Anonymous Coward 194075



Yeah, what is he referring to specifically?
Kanigo2

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11/12/2008 05:15 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
I named it my hero!


Much larger!

:MyHero1:


Read the breaking news AC.
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Anonymous Coward
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11/12/2008 05:17 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
can you explain "bait and switch"...not sure what this is pointing to



Yeah, what is he referring to specifically?
 Quoting: Anonymous Coward 549604


The fact that they got their 700 billion dollar bailout to be used for a specific purpose...now they have decided to use it for something else entirely.

Completely leaving everyone out of the loop.
Kanigo2

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11/12/2008 05:21 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
hey and if someone can really enjoy this--

Doug Kass from the seabreeze hedge fund just said what the exposure is on the hedgefunds..


200 billion levergaed 3:1


600 BILLION OF EXPOSURE BY FRIDAY EVERYONE!



It almost requires it own thread because that is 200 billion MORE than what was paid out during the Lehman unwind!




But I have no link-- so as long as this is pinned..

This is the best place for this.!


LOL were screwed..
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.

"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
Anonymous Coward (OP)
User ID: 481067
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11/12/2008 05:28 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
hey and if someone can really enjoy this--

Doug Kass from the seabreeze hedge fund just said what the exposure is on the hedgefunds..


200 billion levergaed 3:1


600 BILLION OF EXPOSURE BY FRIDAY EVERYONE!



It almost requires it own thread because that is 200 billion MORE than what was paid out during the Lehman unwind!




But I have no link-- so as long as this is pinned..

This is the best place for this.!


LOL were screwed..
 Quoting: Kanigo2



Exposure to CDS?? and 600B settling on Friday? am i inferring correctly kanigo?
Anonymous Coward (OP)
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11/12/2008 05:30 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
can you explain "bait and switch"...not sure what this is pointing to



Yeah, what is he referring to specifically?
 Quoting: Anonymous Coward 549604


Reminds me of the patriot act.

Baited the public with fearmongering, then switched to clamp down on liberties.
Anonymous Coward
User ID: 376196
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11/12/2008 05:32 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
hey and if someone can really enjoy this--

Doug Kass from the seabreeze hedge fund just said what the exposure is on the hedgefunds..


200 billion levergaed 3:1


600 BILLION OF EXPOSURE BY FRIDAY EVERYONE!



It almost requires it own thread because that is 200 billion MORE than what was paid out during the Lehman unwind!




But I have no link-- so as long as this is pinned..

This is the best place for this.!


LOL were screwed..
 Quoting: Kanigo2


DID YOU JUST SAY FRIDAY? NOV. 14th!!!!!!!!!!!!
The_Venerable
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11/12/2008 05:34 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Santelli is by far the most honest guy on CNBC. He just tells it like it is.
Kanigo2

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11/12/2008 05:35 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Yes..Yes and YES!


Finally an answer!


Unwind by midnight of the 14th!




On a side note!!


The hedges are meeting in front of congress tomorrow.. time to fire that cspan link up again!


Here bookmark it..

[link to www.c-span.org]
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.

"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
II-Neutron

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11/12/2008 05:36 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
OK America.

They passed a BILL That is real it is not a note it is a BILL

BAIT & $WITCH - If they can do this to the Bills passed, so in your face as they are can you reasonably expect them to be accountable ever again. The people have to take back their nation. Why do you think the Patriot Act etc. etc. etc. and now the new coming storm troopers care of Obama are there for? They have screwed and looted you so bad that they are a afraid of you, they know people will rise up when the TRUTH is come to them.
ii.neutron@gmail.com
By faith he sojourned in the land of promise, as in a strange country, dwelling in tabernacles with Isaac and Jacob, the heirs with him of the same promise:For he looked for a city which hath foundations, whose builder and maker is God. Hebrews: 11
Anonymous Coward
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11/12/2008 05:37 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Santelli is by far the most honest guy on CNBC. He just tells it like it is.
 Quoting: The_Venerable 412220


Yeah, I like him.... for an American, he is pretty cool.
The_Venerable
User ID: 412220
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11/12/2008 05:37 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Yes..Yes and YES!


Finally an answer!


Unwind by midnight of the 14th!




On a side note!!


The hedges are meeting in front of congress tomorrow.. time to fire that cspan link up again!


Here bookmark it..

[link to www.c-span.org]
 Quoting: Kanigo2


We could see limit-down futures tonight.
Anonymous Coward
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11/12/2008 05:42 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
[link to www.supertorchritual.com]
Anonymous Coward (OP)
User ID: 481067
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11/12/2008 05:43 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Yes..Yes and YES!


Finally an answer!


Unwind by midnight of the 14th!




On a side note!!


The hedges are meeting in front of congress tomorrow.. time to fire that cspan link up again!


Here bookmark it..

[link to www.c-span.org]
 Quoting: Kanigo2



Thanks for that bit. Never know which breeze is going to finally knock down this house of cards. Read that the last LEH cds settlement went unexpectedly smoothly with notional amounts being much less than expected.
Kanigo2

User ID: 442313
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11/12/2008 05:51 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Oh this isnt over op--


They just started shorting INTEL.


Do we start shorting the foundries now because they have exposure to Gigantic outlays before production?


Why yes, yes we do.


and this was planned to time with the close of the market...


Just wait-- wait they will start shorting Feds one day---but we have a ways to go for that..


Literally shorting-- the ability of a country to pay it debt.

Why?

Why is this good?

Because it exposes companies that are overexposed to vast amounts of debt into bankruptcy, and allows transparency...

The shorters are going to save us,, for what its worth...
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.

"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
The_Venerable
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11/12/2008 05:52 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
Oh this isnt over op--


They just started shorting INTEL.


Do we start shorting the foundries now because they have exposure to Gigantic outlays before production?


Why yes, yes we do.
 Quoting: Kanigo2


Kanigo...you think limit-down overnight?
Kanigo2

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11/12/2008 05:56 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
I wouldnt-- I expect a shallow or slight recovery tomorrow.

why would you?

It just wrecked and a few are looking for value..


we have a TIMELINE.

and NO-ONe wants to stay in the market overnight..

or over the weekend.

stay away..

Things are accelerating..
Alt+F4 Allows GodLikeProductions User to Check Current score in Thread Dialog.

"GLP has some batty shit, but yours takes the fucking biscuit "-Disputed-

Hurray for Anarchy! This is the happiest moment of my life.
The_Venerable
User ID: 412220
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11/12/2008 05:58 PM
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Re: Rick Santelli holds up sign re: tarp -- "BAIT & SWITCH"
I wouldnt-- I expect a shallow or slight recovery tomorrow.

why would you?

It just wrecked and a few are looking for value..


we have a TIMELINE.

and NO-ONe wants to stay in the market overnight..

or over the weekend.

stay away..

Things are accelerating..
 Quoting: Kanigo2


Futures are down significantly right now after Intel warned of huge losses and significant 4th quarter deterioration.

Nasdaq futures are already below the interim low and SPX is right around it.