01/25/2012 03:32 pm ET

Dylan Ratigan Explains His Famous MSNBC Rant On 'The View' (VIDEO)

Dylan Ratigan appeared on "The View" on Tuesday to discuss the motivation for calling out big banks in his new book "Greedy Bastards." Viewers got a preview of Ratigan's frustration during his explosive rant on MSNBC in August.

The host was incensed by the gridlock over the debt ceiling negotiations last summer. He let loose with an angry tirade about the country's financial system, calling the economic plans proposed by both Democrats and Republicans "reckless, irresponsible and stupid." The clip went viral online.

On Wednesday, co-hosts Elisabeth Hasselbeck and Joy Behar cheered his fiery rant. Ratigan explained that writing about the inequality in American institutions had made him emotional.

He said, "Whether it's getting access to American Idol, or whether it's getting access to the American tax code, whether the laws in our government are made for your benefit or not -- it has become so apparent I think, to all of us, that both political parties have been participating in creating two sets of rules." He pointed his finger at Mitt Romney as an example of those inequalities.

Ratigan also called for changes in banking, trading and tax policies to stimulate greater investment, and identified the housing crisis as the country's most crucial problem. "We have people who are not only getting thrown out of their homes, but we have people who can't move from one home to another to take a new job," he explained. Watch the segment in the clip above.



Fights on "The View":

Emotional moments on 'The View'