Liesman To Santelli: "You Don't Understand How The Banking System Works!"
Awkward! (Rickles had said that it was no big deal if the banks don't lend to one another. Steve begged to differ.)
Fed Officials Wonder If Those Concerned About Volatility Actually Understand How Financial Markets Are Supposed To Work
The presidents of the Cleveland and San Francisco have better things to do than placate the alarmists, like clean the crud out from under their fingernails.