So it's come full circle.
Remember that faux-populist rant from CNBC's Rick Santelli against bailouts for underwater homeowners to the cheers of floor traders that started that whole Tea Party craze way back in February 2009?
You may not know that this spark that so emboldened Wall Street opposition to bailouts for Main Street didn't actually take place on Wall Street.
The launch of the Tea Party generally and the Chicago Tea Party specifically happened on the trading floor of the Chicago Mercantile Exchange (CME).
The same Chicago Mercantile Exchange, which since its 2007 merger with the Chicago Board of Trade is the WORLD'S LARGEST DERIVATIVES EXCHANGE.
Oh and yes, these are the same folks who gave us this response to the 99 percent protesting at Occupy Chicago:
One would think to get to this point that Chicago and Illinois had been a pretty good home for CME Group dating back to CME's start in 1898 and CBOT's start in 1848. I mean that's only a combined 276 years in Chicago. That's all.
But guess what? CME, which reported 900 million in profits last year, just can't do on such a meager pittance.
So in this week's Veto Session of the Illinois General Assembly in Springfield, CME Group is currently shaking down Illinois taxpayers for the tune of $75 MILLION PER YEAR!
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