Rick Santelli makes a lucid intelligent observation about the lack of free markets and the lack of true price discovery in the credit markets which, he says, is due to treasury and other gov't. intervention. He goes on to say that this prevents any real signals being available from the markets, and asks the question: will market participants take the signals the way they did when they were "real" and will they act on them the way they did when they were "real".
they've always been manipulated and artificial. Companies and Banks have been manipulating the market for 60 years. why doesn't Santelli admit this?
carhac66 2 years ago
Rick Santelli , Good job rick. Don,t let the assholes on CNBC get under your skin, they have no clue? Expecially "Steve"
salvino8576 3 years ago