Rick Santelli went nuts on CNBC again.

[YALE]

What are the 6 biggest banks holding, a trillion apiece? That's a lot of capital waiting to come back in the market.

[Chuck_Finley]

And if they are? So what? Is the .gov or the FSA gonna demand they release all that capital cashola in order to create jobs or help prop up welfare? If they're hanging on to it, guess what? There's probably a damn good reason why, and that usually is they don't like certain economic indicators, .gov has it's head further up its ass than usual with Zero at the helm, and of course Obamacare.

[YALE]

And if they are? So what? Is the .gov or the FSA gonna demand they release all that capital cashola in order to create jobs or help prop up welfare? If they're hanging on to it, guess what? There's probably a damn good reason why, and that usually is they don't like certain economic indicators, .gov has it's head further up its ass than usual with Zero at the helm, and of course Obamacare.

I take it you haven't played Musical Chairs in a while.

[Denny]

I take it you haven't played Musical Chairs in a while.

Right. But look at the good side; it helps with the demand if everyone holds. Isn't that a driving force for the value of the funny money?

[YALE]

Right. But look at the good side; it helps with the demand if everyone holds. Isn't that a driving force for the value of the funny money?

If the prime rate rises, they won't hold.

[Denny]

If the prime rate rises, they won't hold.

If the prime rate rises, they'll shove everything down people's throat!

[YALE]

if the prime rate rises, they'll shove everything down people's throat!

Yup!

[Denny]

Good thing they have an audience lined up to get it.

[jw33]

Everything is fine, nothing to worry about.

[Denny]

Low rates have propped this economy up since the last "dip."

Well, that and a copious amount of green injection.

Has the holdings outweighed the stimulating? I'm sure a certain amount of holding would be necessary to keep from a deflationary/inflationary scenario. Especially since unemployment and CBO reports are so misleading. Makes one wonder if the Fed holds up a stop sign to banks if their monetary injections don't jive with their expectations.

[Broncojohnny]

I like how those smug fucks act like he is wrong. No one knows what will happen until they raise rates. The most obvious thing is the destruction of the housing market. That will be a massive shock to the entire system in and of itself.

[YALE]

I like how those smug fucks act like he is wrong. No one knows what will happen until they raise rates. The most obvious thing is the destruction of the housing market. That will be a massive shock to the entire system in and of itself.

After the student loan bubble bursts, lol.

[Denny]

The ones holding are going to scoop everything up at pennies on the dollar then bring prices back up.

[slow99]

They're both right. Most guys I know side with Rick, but he doesn't help himself with the psycho rants.

[Chuck_Finley]

I like how those smug fucks act like he is wrong. No one knows what will happen until they raise rates. The most obvious thing is the destruction of the housing market. That will be a massive shock to the entire system in and of itself.

Agreed. These interest rates cannot stay so low forever. I don't know how long exactly, hell no one knows. But at some point they will have to rise either due to increased numbers of defaults all around in multiple sectors, increased deficit spending by the .gov, or the economy getting worse. I'm sure there are some other factors in there too (trade deficit maybe) but even the ones I listed I see all of them happening already.

I truly think this is developing into one of those perfect storm situations. We've got the baby boomers starting to suck social security and medicare dry because they're getting up there in age, a government intent on devaluing U.S. citizenship by letting in illegals from bumfuck wherever, elected officials in Washington who don't dare introduce any sort of bills in Congress that would actually fix any of these situations because some people will have to take a loss and these days NO ONE wants that because they all threaten lawsuits, strikes, protests, cries of racism, etc., and then to top it all off we have no shortage of politicians who seem to think that moving toward socialism is the answer, especially Zero, despite the fact that over a century of history proves it doesn't work yet every time people clamor for this shit they always say "it'll be different this time".