Rick Santelli Quotes
Government is promoting bad behavior... Do we really want to subsidize the losers' mortgages? This is America!
While Murphy may have believe this, his company would profit immensely of Chrysler would fail. 28 years later it was General Motors that required the bailout that was much larger than the Chrysler one. The GM executives had gotten over their philosophical objections.
Rick John Santelli is an editor for the CNBC Business News network. He joined CNBC as an on-air editor on June 14, 1999, reporting primarily from the floor of the Chicago Board of Trade. He was formerly the vice president for an institutional trading and hedge fund account for futures-related products. He is also credited as being a catalyst in the early formation of the Tea Party movement via a statement he made on February 19, 2009.