Santelli Rips CNBC Colleagues Over Ethics Question
A CNBC panel including the channel's all-stars discussed if it is "ethical" to lie if it can "stabilize" the financial system. Commentator Steve Leisman was entertaining this type of thinking but wouldn't admit that he supported it. Chicago's Rick Santelli shot back and told him he sounds like Richard Nixon and asked who did he vote for. Leisman told Santelli he was just "posing" a question about stabilizing the system and not actually endorsing it. Santelli reacted and told him "don't open your mouth and say dumb things."
Reaction from traders on the Chicago floor could be heard in the background.
