Rick Santelli tells Meredith Whitney “Stick to what you know!”

This is what they call classic TV!

The Video:

Yid With a Lid gives a little background:

Last September, Whitney released a report to her clients saying that states are dealing with budget woes, prompting them to cut off aid to municipalities. So, Whitney said, governments will prioritize local taxpayers over investors and choose to default on their debt. This prediction made lot’s of news and was very wrong.

Because of her prediction, investors fled the municipal bond market. But no one told the bonds. During the first six months of 2011, muni defaults are down 60 percent compared to the same period last year—oopsie!

Serves her right for trying to insult white people and the Tea Party! Typical blond bimbo! 🙄

Others: NewsBusters.org blogs, Pajamas Media and JammieWearingFool