CNBC's Santelli incites traders in Chicago, calls for a 'tea party'


CNBC's Rick Santelli incited the traders on the Chicago trading floor on Feb. 19, calling for a referendum to see if we want to "subsidize losers' mortgages" or buy cars and houses in foreclosure and "give them to people who might actually prosper down the road." As traders cheered, he went on to say that we should "reward people that can carry the water instead of drink the water."