CNBC Chicago traders cheering for Ron Paul 2008.02.27

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CNBC anchor Rick Santelli talks about reaction of traders in Chicago market during Ron Paul questions to FED chairman Ben Bernanke.

Tags for this video: Ben Bernanke CNBC dollar FED gold money Paul Ron

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Ron Paul's message ... ( 8 months ago by Founders1776)

Ron Paul's message about the critical importance of the Constitution and the Republic will never die. For the anti-American, anti-Constitution, anti-Republic Paul bashers out there who think this is about Ron Paul, you can kiss my lily-white Irish ass.

If even the greedy ... ( 8 months ago by Deliman17)

If even the greedy wall street traders are cheering, you know there something one.

*there's something ... ( 8 months ago by Deliman17)

*there's something wrong with our financial system.

We have to stop ... ( 8 months ago by voteDRNO)

We have to stop voting for any one who is in the CFR!

Our voting doesn't ... ( 8 months ago by TeamGOP)

Our voting doesn't matter, if you ARE part of the CFR, you will win. If your not, you won't.

I'm a 'wall street' ... ( 8 months ago by AirelonTrading)

I'm a 'wall street' trader, and an investor. I don't support Ron Paul. But his statements that day made sense. As Rick stated, the Fed's monetary policy hasn't made sense for over 15 years. Bernake is inherieting a disaster from Greenspan (who, if you ask me, should be brought up on charges for economic crimes) and is trying to delay, so volatility can play price out on the indexes. CPI Inflation lowered a bit this month, but Paul was correct. PPI will carry over into the CPI soon enough.

I'm a 'wall street' ... ( 8 months ago by AirelonTrading)

Oh, and "Chicago" ... ( 8 months ago by AirelonTrading)

Oh, and "Chicago" isn't Wall St. It's Main St. This is the problem. The Chicago folks understand that the PPI is GOING to flow over into the CPI. The producers can only hold back their rising costs from the end consumer for so long.

Wall Street has ... ( 8 months ago by AirelonTrading)

Wall Street has become FAR too disconnected from is going on at Main Street

So I guess that ... ( 8 months ago by haywood9876)

So I guess that means Obama will win, since he's connected to the CFR.

Well, so is McCain, ... ( 8 months ago by TeamGOP)

Well, so is McCain, and Clinton, that's why their getting the media attention. If any candidate is being propped up by the media, they are part of the CFR, because Rupert Murdoch, who runs NBC, and ABC is part of the CFR, as well as the News Corporation.

I'll bite. Who do ... ( 8 months ago by mudwhistle)

I'll bite. Who do you support?

Me. :) I don't ... ( 8 months ago by AirelonTrading)

Me. :) I don't support any of them. Most people out there are concerned with one thing: More money, or more power. I'm just trying to see to me and mine.

Bernanke is part of ... ( 7 months ago by SCOOTERBALLUSA)

Bernanke is part of the problem because of his human error. Without human error we don't lose. It is fixed to destroy our standard of living by human errors, even Ron Paul's Human error in congress being there doing nothing.
Let the american people decide their fate not Bernanke. 1 % on the dollar can do exactly that, with a new banking division in the social security banking institution. Letting Americans decide their fate.

RICK SANTELLI IS ... ( 7 months ago by garyowen4ever)

RICK SANTELLI IS THE "MARIO LANZA" of the trading pits,,,,,

The mandate of the ... ( 6 months ago by mujaku)

The mandate of the Federal Reserve Act of 1913 (and 77) is "to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates." Thus far the Fed has created a housing bubble to promote employment. It has lowered interest rates too much which gives rise to commodity speculation (put the interest at 7% watch oil prices fall) leading to price instability. By no stretch of the imagination is Bernake following the Fed mandate.

murdoch owns news ... ( 5 months ago by egorew)

murdoch owns news corporation. NBC is run by Jeff Zucker and owned by general electric.

My bad. But you get ... ( 5 months ago by TeamGOP)

My bad. But you get the point.

Paper value is a ... ( 4 months ago by eclipsxe2000)

Paper value is a joke !!!

I totally agree. A ... ( 2 months ago by Hmongguitargod)

I totally agree. A burnt piece of paper is worth more than our dollar.

Ron Paul is the ... ( 2 months ago by wellingtonian)

Ron Paul is the only financial expert here.
these clowns don't even have a clue.

And only complete ... ( 2 months ago by 19Truth53)

And only complete fools and Fascists would disagree with Paul on "Political and Foreign Policy issues," either!

All loans, stock ... ( 2 months ago by SpiritofTerror)

All loans, stock prices, commodity prices etc are recorded and a mathematical formula is applied and this formula is of a great benefit for those comcerned.
The formula has no concern for any emotional hysteria or opinions.

i was naked while I ... ( 1 month ago by MeanMachine69)

i was naked while I watched this video! j

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