Here’s one of the more unlikable people we’ve heard of for the first time today, CNBC’s Rick Santelli, at some trading floor in Chicago, going *apeshit* over Barack Obama’s $75 billion mortgage plan to keep “the losers” in their homes. Maybe Obama’s plan isn’t so great, who knows, but one thing is clear, and that’s that Rick Santelli hates poor people — and by poor people we mean the bottom 50-90% of per capita income earners. How else would you explain the fact that he and his trader friends are *just now* starting to worry about Moral Hazard? [Calculated Risk]
Feb 19 2:18 pm 2009
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