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Old 02-20-2009, 12:05 PM
Islandtrader Islandtrader is offline
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Join Date: May 2007
Location: Tarpon Capital Of The World
Posts: 2,122
Default Re: Rick Santelli goes ballistic (CNBC) must watch!

Quote:
From the Chicago pits today trader Rick Santelli lets everyone know how a cross section of america feels about paying your neighbors mortgage with your tax dollars.

Back in 1943 Ayn Rand wrote this in her Novel the Fountainhead...I will paraphrase, but check out page 605 if you want the whole nine yards.

" I think it's a worthy undertaking--to provide a decent apartment for the man earning 15 dollars a week.

But not at the expense of other men.


Not if it raises the taxes,raise all other rent, and makes the person earning forty dollars live in a rat hole. They are the ones who pay the taxes, and the taxes raise there own rent. But they are the ones who provide money for the damn project.

But I'll be damned if I can see why a man worth forty must be penalized--and penalized in favor of the one who's less competent.

Sure, there are a lot of theories on the subject and volumes of discussion. But look at the results."



1943 Scary is it not?
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