The corporate fat-cats may love the free money being tossed around in Obama's layaway plan for fiscal insolvency, but the guys on the floor who do the trading know better. This morning Rick Santelli led a mini-revolt on the floor of the Chicago Mercantile Exchange. He even went so far as to call for a new Tea Party type protest. It's VERY good to see these guys finding their backbone. Let's hope that, like usual, these guys are at the vanguard of public opinion. Those of us who appreciate capitalism and free markets need to be aggressive if we want this socialist and his thugs to back off.
"The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard.'"
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