Will You Be Paying Someone Else's Mortgage?

A friend called me yesterday to ask if I'd seen this video of CNBC's Rick Santelli and the traders on the floor of Chicago Board Options Exchange. He was really worked up about it, too. Apparently Santelli's comments and the comments of the traders have him wondering if he should keep paying his mortgage. After all, according to Santelli, the people who've consistently made their mortgage payments don't benefit much under the new stimulus package, and are going to bear the majority of the consequences on behalf of people who haven't.

So watch the video and then tell me what you think. Is Santelli right, wrong or somewhere in between?

What do you think of Santelli's comments?

  • He's right on the money
  • He's completely wrong
  • Other
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Share your reasoning below or talk about it on our message board.

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