Traders on the floor at the NY Stock Exchange booed Barack Obama today as a red faced CNBC reporter yelled, “president Obama, are you listening?”
CNBC anchor Rick Santelli raged at Obama and his administration for what he feels is the government “promoting bad behavior” through its $75 billion mortgage plan.
Said Dantelli:
How about this president and new administration, why don’t you put up a website to have people vote on the Internet as a referendum to see if we really want to subsidize the losers mortgages or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road and reward people that could carry the water instead of drink the water!
The traders booed lustily when Santelli asked, “How many of you people want to pay for your neighbor’s mortgage that has an extra bathroom and can’t pay their bills? Raise [your] hand!”