Rick Santelli on the floor of the Chicago Board of Trade (19 Feb 2009)

Rick Santelli Hammers Obama
on Subsidizing "Losers' Mortgages"

Amazing!

Rick Santelli on the floor of the Chicago Board of Trade absolutely calls out President Barack Obama on his plan to essentially make taxpayers pay for people who took out bad mortgages.

'The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening?

How about we all stop paying our mortgage!
It's a moral hazard.'
Santelli says

Millions like her voted...

"It was the most memorable time of my life. It was a touching moment because I never thought this day would ever happen. I won't have to worry about putting gas in my car. I won't have to worry about paying my mortgage. You know, if I help him, he's gonna help me."