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Rick Santelli Leads A Revolt At The CBOT

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If you missed CNBC this morning, here’s Rick Santelli going off about Obama’s mortgage bailout plan and the strongly positive reception it got from the traders on the floor:

Frankly, I think this is a sign that the criticism of Obama’s mortgage “relief” plan — especially the argument that it is rewarding irresponsible practices by lenders and homeowners — might just hit a nerve.

Cross-posted from Below The Beltway