Rick Santelli Quotes

Something is missing from Main Street: Trust in Wall Street

All roads lead to Wall Street, but we feel the effects of Wall Street on every street corner. Certainly in Syracuse, N.Y., where I live.

The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.

I've never been on Wall Street. And I care about Wall Street for one reason and one reason only because what happens on Wall Street matters to Main Street.

Second of all, I don't think Wall Street is doing what it's supposed to be doing, even after the shameful performance of the last two years. They're are not allocating capital.

The economy may be complex, but Americans understand that the Wall Street banks control an outsized portion of the economy and that they have an outsized interest in their own profits.

If you think Wall Street has a short memory, you're dead wrong. No, the folks who work on Wall Street, regulate Wall Street - and, above all, invest in its wares, notably its hedge funds - don't have a bad memory. They don't have any memory at all.

A free-enterprise economy depends only on markets, and according to the most advanced mathematical macroeconomic theory, markets depend only on moods: specifically, the mood of the men in the pinstripes, also known as the Boys on the Street.

Wall Street has played a role in everyone's life, and it has been vilified by everyone, but I think that the average trader didn't have a sense of what was coming. The culture is so vacuous, it's possible to come to it straight out of college and never have a real adult life, even if you have the wife and kids.

I think Wall Street is very important, especially to tech companies. Wall Street will get in their rhythm and go fund tech companies, and tech companies will go create jobs and employ a lot of people, so there's that aspect of Wall Street.

In the 1920s, Wall Street was a world that was really dominated by professional speculators and stock pools. These people had a monopoly over information.

The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.

When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.'

Wall Street sees a social fabric or social contract as inefficiencies, which need to be removed.

When I was 15 years old, I read an article about Ivan Boesky, the well-known takeover trader - turned out years later it was all on inside information! But before that came to light, he was very successful, very flamboyant. And I thought, 'This is what I want to do.' So I'm 15 years old, I decide I'm going to Wall Street.

The history of Wall Street is inseparable from New York.

You're not going to hear me singing songs about Wall Street because I don't know anything about that.

Wall Street people learn nothing and forget everything.

I have been in Wall Street all of my life. I love it. It has been good to me. I know many wonderful, decent, honorable, ethical, hard-working people that were in Wall Street with me.

The financial markets tend to be just a backdrop for a novel, for a heist or something that isn't necessarily integral to it. On the whole, I don't think the financial world has been well served by novels.

But Wall Street people are in fact very smart; they're funny, they're not company men who work their way up the chain.

I loved working on Wall Street. I loved the meritocracy of it and the camaraderie of the trading floor.

The main message of Climate Revolution is that climate change is caused by the rotten financial system we've got, designed to create poverty and rip off any profits for a small amount of rich people. Meanwhile, it destroys the earth.

The only winner in Privatization is Wall Street.

Wall Street has desperate need of men like you.