Rick Santelli: A Large Swath Of The Globe Is Insolvent


Leave it to Rick to tell the unvarnished truth.

I think we cannot underestimate this notion that A LARGE SWATH OF THE GLOBE IS BASICALLY INSOLVENT.  And to walk around and say, to talk about it as being pessimistic, it’s realistic, and we need to stay realistic on CNBC every single day so the viewers and listeners capital doesn’t get as they said on that sound bite ‘protected,’ because at this point ‘protected’ is like how they protect people in Cuba from leaving.” — Rick Santelli 05-31-12