Rick Santelli’s Criticism of the new Housing Plan

In case you missed it two days ago, Rick Santelli harshly criticized Obama’s new Foreclosure Prevention Program. Rick asked for people to “vote on the internet, to see if we’d like to reward the losers who can’t pay your mortgage and can’t pay their bills”. Rick was standing on the floor of Wall Street and during the video you can see many of the traders hooting and hollering as Rick continued his rant. To me it seemed like a harsh criticism of this new plan that is still in its infancy and could work out, but we will know more details when it is released March 4th.