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Governing the Financial Crisis through Crime

By Jonathan Simor

CNBC's Rick Santelli rant against President Obama's bailout last Thursday, has apparently resonated with many Americans. According to Brian Stelter's reporting in the NYTimes Santelli appearing live from the Chicago Board of Trade said:?The government is promoting bad behavior,? he said, and later implied comparisons to Cuba and asked the traders around them whether they wanted to pay their neighbors? delinquent mortgages. When the traders started to boo, Mr. Santelli said, ?President Obama, are you listening??The "bad behavior" line is part of a larger set of conservative talking points that have been in use since the fall aimed at framing the catastrophic levels of mortgage foreclosures as the result of irresponsible and fraudulent behavior by borrowers that took on mortgages they could not possibly afford...continue to full post

Full post as published by Governing Through Crime on February 24, 2009 (boomark / email).