A much deserved smackdown of CNBC and Rick Santelli by Jon Stewart, After Santelli backed out of appearing on the Daily Show to defend his absurd "tea party" rant.
The Daily Show on Wednesday was supposed to feature guest Rick Santelli, a reporter on CNBC. Santelli is infamous for his rant against Obama's mortgage plan, calling homeowners who are struggling to pay their loans "losers."
Santelli backed out, or err, "bailed out," as Stewart put it, from the interview. Instead, Stewart launched into a nearly nine-minute take down of the business news channel. Here are some of the highlights:
