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Thursday, December 27, 2012

Rick Santelli Screams 'The Fed Doesn't Have A Clue' As Traders Cheer

CNBC's Rick Santelli has done it again.

During today's rant, Santelli went absolutely nuts on Jim Iurio of TJM Institutional Services screaming, "The Fed doesn't have a clue neither does the president neither does congress...Neither does Tim Geithner who gives a speech about the debt ceiling. I'd like to see if he could count to a million much less 16.4 trillion!"

Traders from the CBOT floor then started cheering.

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