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To: ChanceIs who wrote (153040)10/1/2008 11:19:00 AM
From: John ChenRespond to of 306849
 
"Some might call it blackmail". Bush/Paulson call it
conference call, or public announcement.



To: ChanceIs who wrote (153040)10/1/2008 11:19:13 AM
From: neolibRespond to of 306849
 
A network engineer yakking about economics.

Another question: Who is Karl Denninger? He speaks well. I visited the various blogs and websites he sponsors. Can't find a bio or curriculum vitae.

An



To: ChanceIs who wrote (153040)10/1/2008 12:08:16 PM
From: MulhollandDriveRespond to of 306849
 
KD was way early in pointing out the serious arm twisting (threat?) going on behind the scenes ...the first ticker linked here is from aug. 4, the second is sept 5

market-ticker.denninger.net

market-ticker.denninger.net

the chinese bought the fnm/fre debt with full knowledge there was no GUARANTEE (it says so in bold, underlined in the prospectus)

paulson knows if china begins dumping their treasuries, the bond market (the mother of all bubbles) will crater and interest rates will skyrocket, in that respect, paulson is right, there will be extreme misery on mainstreet, he wants to convince us that this bailout will be the lesser of the evils, i'm not convinced

re: denninger....former business owner (made his money during the IT tech boom) turned blogger, financial writer...i think his 'curriculum vitae' comes from his business experience, iow, school of hard knocks, i started reading, and posting very limited amounts... his forum early last fall and originally thought he was borderline 'tinfoil' until step by step along the way he's been proven right (prescient) about the way the credit crises has been playing out



To: ChanceIs who wrote (153040)10/1/2008 3:38:20 PM
From: NOWRespond to of 306849
 
< After all, once you have been pad off to the tune of $1 billion, who could really want more???>
you do not know the very wealthy do you?