Lehman: One Year Later debate

[ADD112]

Also to the other moron who can't count, the extra day for the leap year already passed by when LEH fell...and the 66 was more devilish a coy reference if you will...but Santelli was wrong again. His futures markets are not even real asset markets in many cases so his claims are absurd.

[ADD112]

Santelli dead wrong as usual...

[skidroad]

Santelli is right. It would have been better to just let those banks collapse. No bailout.

[tayxctrk]

Steve: 366? Interesting number.

Yes Steve, LB fell on a leap year, which has and extra day.

[ERROLCUSTERFLYNN4EVR]

economists are shills for the wealth class.....ask yourself, who feeds the economist class???

[gpk9]

CNBC and the rest of mainstream media are developing a clear trail of crimial collusion with the crimnal perpetrators of the financial and economic collapse in America.

When things get bad enough and we have our own french revolution here in America, many mainstream media folks will have their date with a guillotine, along with the criminal perpetrators.

[Whysprzzk1]

Go Rick!!!! Tell it like we want to hear it!! There should never have been a bailout end off! Now the astronomical debt burden is going to collapse the US, and the world with it!

[sbuica]

Thank God for courageous people like Rick Santelli, otherwise the new Ministry of Propaganda will go unchallenged.

[pomnew]

Rick Santelli is an intelligent man, and the only onne who has brain in that tv program.

[jswap1]

"The idea of letting the system find its own level was a risk that the world couldn't afford to take, so it's silly to even talk about it."

And so capitalism dies, not with a bang, but without talking about it.

[Mojo1982]

Darwinian Capitalism for the poor, and Socialism for the rich.

Privatized profits the banks and socialized loss for the people.

[killergames187]

Santelli is great!!!Good job tell them lying assholes how it is!!!

[JXjohn]

The guest said no bailout was a risk world could not afford to take. How did he know? Has anything like that been tried? It's like to say people are too stupid to give them freedom, democracy. It is what those in government want you to believe.

[JXjohn]

No more bailout, self-government will prevail.

[VisionQuest2012]

It's all about moving money around. It's a game of musical chairs and were running out of chairs.

[roxtar10870]

Santelli is so out of place on CNBC.

[zdwade]

rick is the man.

[dtaijo174]

Let the markets work. Let the banks fail that deserve to fail. Let the banks rise that deserve to rise.  From the ashes of the fallen the strong will rise!

[christogarcia]

The Stimulus DID NOT work. It accounted for perhaps 150,000 jobs. But, we're losing 200,000 - 300,000 jobs a month! Those jobs are not coming back, the dollar is not going to go up in value, and gold will never be as cheap as it is today.

[lota68]

So the stimulus worked and Santelli is not happy about that?

[euphoriawmu]

Santelli is worried about the banks and the day when the banks will have to show their cards. The derivatives market is flawed and I think that September 30 2009 will be an interesting day. I think we're potentially in store for a collapse of the banking system. If you want my reasons, I'd be happy to share them.

[ur2cy]

Ok Euphoriawmu. Share your wisdom....

[euphoriawmu]

got 500 words, I'll do my best:

-China is defaulting on derivatives contracts,they say they're illegal

-China is pushing gold and silver to it's citizens to buy, yet they own most of our currency

-HK, Dubai, GER called their gold in from storage from UK

-US bond market stopped buying t-bonds. indirect buyers purchasing them then fed monetized it (bought it back).

Banks run on an altered deposit system, end of the month, their numbers will rebalance. Google: Dr. Van de Meer

[euphoriawmu]

Concept is simple when you look at it. Gold is the key word here. We're on this big boat called the USS Dollar and China is at the helm on a collision course for disaster. I believe they are expecting a major devaluation of the USD. If they own most of our currency, they're obviously securing their grip on their gold assets.

[pobaldy66]

when you give dates you provoke my curiosity.

[euphoriawmu]

test - stupid comment system

[ur2cy]

Remember that March 13th secret congree meeting flying around the internet last year that predicted the September collapse..but...said that Feb-March of this year the US goverment finances would collapse and martial law would commence and a few other things...Well we are in September now.. I get leery when specific dates are used..That's all...But we'll see when September 30th comes and goes..

[Mojo1982]

Martial law again was threatend in Oct 2008 when the Congress was forced to pass the TARP and TALF banking bailouts.

The US economy has COLLAPSED, September is the end of the financial year, this month or October the whole system will be gone, because the Banks will show they are still broke.

The Chinese, Arabs and Germans all demand their gold back from the US and UK.

Gold is already over $1000.

[ur2cy]

Well..I love dates...And the next "collapse" date is Sept. 30th...For the reasons you stated above as well as that is when the Fed has to back to court about the Bloomberg transparency case it one to disclose where those trillions went..Seems like the stars are aligning doesn't it...Also looks like the Dow will get to 10,000 before it crashes again

[kbr7171]

Leisman is such a pompus turd

[euphoriawmu]

"tool" is what came to my mind... but pompous works... :)

[henleythecat]

I glad that the owners and directors of this channel don't force their commentators to tote the company line and encourage this type of debate.

For me, it increases their credibility.

[phoenix110585]

Well, they would. But Santelli doesn't need them like some of their puppets - sorry, pundits - do. He can say what he wants, get kicked off the air, and have 47 job offers when he wakes up the next morning. The man isn't exactly shooting off theories. He's working with cold hard facts he knows from experience.

[phoenix110585]

That was In response to henley. Reply trees not working anymore?

[dwp912]

The most important thing he talked about was about the dirivitives which =50 to 120 x world GDP that are still there and could blow anytime.....

[tecnohunk]

Someone needs to hook Rick up with his own radio or talk show.

[KingJamesBible]

Looks like Rick is the only one speaking against the JWO (Jew World Order)

[cigarlover69]

I love when they say all this stuff is backed by the government. Why not tell it like it is? The taxpayer was screwed once again. The irresponsible on wall street are rewarded with taxpayer dollars and recapitalized so they can do it all again.

[Ivanovich71]

"Is there anybody else who said we should have just let it drop and fall?" (3:45)

Yeah, how about millions of U.S. citizens?

Retard.

[paivortex]

CNBS would make Goebbels proud.

[Zaathras]

Someone ought to pull the plug on CNBC... Propaganda that old Baghdad Bob would be proud of!

Good for Sanetelli - but I hope for his sake he's got another job lined up!

[johnjen5321]

these CNBC losers (besides Santelli) are a pathetic disgrace. They contribute to the intellectual laziness and perpetual ignorance of Americans.....

[bnash2002]

cnbc is a complete disgrace besides santelli.

[maniastrat]

Finally someone on network tells it like it really is.

Rick we need guys like you in Congress, Senate & the oval office.

[tickhound]

word

[Salford999Red]

Rick pwns the rest @ 3:28.

[RVAspeculator]

Just a matter of time before he gets silenced along with macke and ratigan.

[banjojambo]

save the crooked banks and throw children out on the streets wow these guys are a class act

[sara020202]

sanetelli is a hero! CNBC is a disgusting lying POS! santelli is a true hero for telling it like most americans see it!

this house of cards is falling down.. and when it does it will make last september's events look like a small blip.

[TheEditorialist]

You want the answer to the financial industry's problems?

Two words - Glass Steagall.

Bring it back!

[Paulintheoh8]

Try the Fractional Reserve System, The Fed, Fiat Money and massive intervention.

Glass of course, is apart of it.

[bingo3218]

Rick Santelli is the man, most of the rest of CNBC's anchors and guests are boot lickers and liars. Liesman what an appropriate name!!

[popothebright]

Santelli: 'Now you can get back to the propaganda". Good for you Santelli. That's *exactly* what it is. CNBC is 100% pure propaganda. Keep it up Santelli. Everyone else on there has no soul and is a corporate automaton.

[JRCrowley]

Damned straight, sir.

[1514dustin]

Federal Reserve and the United States Government, printing money to fix problems since 1913. Dollar lost 97%. The recent printing (counterfeiting) of 20 TRILLION? The dollar collapses in October. Prepare yourselves.

[yippie21]

Santelli is great. Excellent. CNBC is only watchable when Rick is on.

[serenity0910]

Santelii is awesome.

Problem is everyone else on CNBC are worthless pieces of shit.

[chadwboyer1]

I keep expecting Liesman to question why Santelli "hates the Economy. Are you against the Economy, Steve? Are you anit-Economy? Why that's just plain un-American."

[stratvic]

The media have been outed as part of the problem. Watch as they try to stuff that genie back in the bottle when the whistleblower speaks up. ... Extra time please? Let Statism and propaganda reign! ...?

[twinfinfish]

... to simplify , the financial system has gangrene ... instead of amputating the dead banks, the government covered the rot with printed paper with the unintended consequence that it now festers throughout society.

[doobsta]

WIll they ever have him back?

The truth does not bode well on network tv...

the sheep will get distracted...

[maik20091]

Saw it live, lol, that was great. Thanks for the upload.