CNBC’s Rick Santelli (watch video)goes ballistic on Obama’s idiotic plan to bail out homeowners who have found themselves in upsidedown and or unmanageable mortgages. Santelli proclaims “it’s time for a Chicago tea party in July!”
Tags: Chicago tea party, CNBC, foreclosure, mortgages, Obama, president, Rick Santelli
So, for whatever reason one wakes up some morning and finds themselves in a bit of trouble making the house payment. There are companies making a pile of money from various fees when homes go into foreclosure and in fact the investors behind the companies have absolutely no desire or compunction whatsoever to assist people in trouble with their mortgages…
Tags: bailout, Bank of America, Countrywide Financial Corporation, EMC, foreclosure, house payment, JPMorgan Chase, Marcy Kaptur, mortgage servicer, mortgages, taxpayers, U.S., U.S. Congresswoman Maxine Waters