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We want to get to our task force right now. Rick Santelli and Jason Maroni
Are standing by at the CMU Group in Chicago And Rick have you been listening to this conversation?
Listening to it? I've been just glued to it
Because Mr. Ross has nailed it You know, the government is promoting bad
behavior Because we certainly don't want to put stimulus
forth and give people a whopping $8 or $10 in their check
And think they ought to save it In terms of modifications, I'll tell you what
I have an idea
You know, the new administration is big on computers and technology
How about this, president and new administration Why don't you put up a Website to have people
vote on the internet as a referendum to see if we really want to subsidize
losers' mortgages Or would we like to at least buy cars and
buy houses in foreclosure And give them to people who might actually
have a chance to prosper down the road And reward people that could carry the water
instead of drink the water Random guy: that's a novel idea!
Rick, Rick, they're like putty in your hands
No they're not Joe. They're not like putty in our hands This is America
How many of you people want to pay for your neighbors mortgage that has an extra bathroom
and can't pay their bills? Raise their hand! (general uproar from crowd)
This is like mob rule here. I'm getting scared
Don't get scared Joe Cuba used to have mansions and a relatively
decent economy They moved from the individual to the collective
Now they're driving 54 Chevys Maybe the last great car to come out of Detroit
Hey Rick how about the notion that Wilbur pointed out
That you can go down to two percent on the mortgage?
You can go down to minus two percent They still can't afford the a house
I know Mr. Summers is a great economist but I'd love the answer to that one
We're thinking of having a Chicago tea party in July
All you capitalists that want to show up at Lake Michigan I'm going to start organizing
What are you going to be dumping in this time? Houses? Cars?
We're going to be dumping in some derivative securities, what do you think about that?