- Dubai Debt Delay Rattles Stock, Bond Markets
- Fannie Mae to Tighten Lending Standards: Report
- China Overcapacity Worsening, EU Chamber Warns
- Investing in Good Karma – and Making a Profit
- Black Friday to Avoid Red Ink; Greenback Gets the Blues
- Wal-Mart Price Pressure Hurts China Workers: Report
- Bankruptcies Jump, Hitting Highest Level in Four Years
- Steepest Black Friday Discounts, Revealed
- Where Do Pardoned Turkeys Go?
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Revenge of the Gangsta Nerds
- Will TCU See The "Flutie Effect?"
- Retail Earnings and Sales to Improve in Q4: Analyst
- Consumers Catching the Holiday Spirit
- It's Beginning To Look A Lot More Riskless
- Crescenzi: Claims Level Suggests End to Job Losses
- Hedge Funds Take Early Lead in Warren Buffett's 'Big Bet'
MOST SHARED
- The Executive Job Search
- Chinese Overcapacity is Worsening, EU Chamber Warns
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Judge Erases Couple's $525,000 Mortgage Payment
- Salvation Army's Kettles Now Credit Card-Ready
- Topless Business Is Taking Off
- Wal-Mart Price Pressure Hurts China Workers: Report
- Black Friday: Bargain or Bust?
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
Text Size 
CNBC's Rick Santelli's impromptu and impassioned revolt against the Obama administration's housing bailout quickly spread to Europe, dividing popular opinion clean down the middle and igniting red-hot political debate.
Many praised Santelli's showmanship, with co-CNBC anchor Steve Sedgwick tipping the performance for an Oscar this weekend and one viewer urging him to run for US president. But the underlying debate of whether a housing bill should bailout irresponsible borrowers was highly contentious.
Europe Weighs In
Here are some of the highlights from the email box of CNBC’s European shows:
- Santelli “is being urged to greater and greater extremes, I suppose by management. The US in general panders to its right-wing conservative audience with biased coverage,” Meriel wrote in from Paris, France.
- “Santelli is right on … All this government intervention is messing with the perception of value and even with all the intervention house prices will find a value where people will be able to afford them,” Ron wrote in from Thailand.
- “After 8 years of Republican failure maybe Rick and company should reflect on this failure and come forward with constructive comment rather than ranting and pandering to their audience,” he added.
- David from Cyprus, who describes himself as “a saver who sees his money being given away,” wrote in agreement of Santelli and defends people who “do the right thing.”
- “CNBC in the US seems increasingly to be a refuge for embittered Republicans following Obama's election,” Ross wrote in to Squawk Box Europe.
- Rick Santelli is a sign of the tax revolt that is coming, said James. While Pete simply thought that “Rick rules.”
The Expert Examines Tea
“The Obama package is intended clearly … to sort out the entire economy – there are going to be winner and losers,” Anthony Fry, senior managing director from Evercore Partners, told CNBC.
Fry, guest host of Squawk Box Europe, added that “the help is being given not to the people who have done the right thing, but the people who have done all the wrong things.”
Print
Email
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
Data is a real-time snapshot *Data is delayed at least 15 minutes