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Genesis Posts: 71426 Incept: 2007-06-26 
KD^2 
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Link to the letter written and sent last night to the Senate: http://www.denninger.net/letters/paulson.... Link to the white paper: http://www.denninger.net/letters/2008-07.... (processing - make this one viral folks) ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-21 18:45:03
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Presence Posts: 500 Incept: 2007-08-24 
Everywhere
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http://www.washingtonpost.com/wp-dyn/con.... Raghuram Rajan and Luigi Zingales of the University of Chicago (and NBER) suggest ways to force the banks to raise capital without tapping the taxpayers. First, the government should tell banks to cancel all dividend payments. Banks don't do that on their own because it would signal weakness; if everyone knows the dividend has been canceled because of a government rule, the signaling issue would be removed. Second, the government should tell all healthy banks to issue new equity. Again, banks resist doing this because they don't want to signal weakness and they don't want to dilute existing shareholders. A government order could cut through these obstacles.
2008-09-21 18:48:31
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Patentleathershoes Posts: 7642 Incept: 2007-09-13 
Looking forward to PB&J time!
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It says the video is no longer available.
2008-09-21 18:52:48
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Genesis Posts: 71426 Incept: 2007-06-26
KD^2
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Its processing.... give it a few minutes. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-21 18:53:19
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Geckogm Posts: 1658 Incept: 2007-06-26
Canyon Lake Online
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Come on Nova it's uploading.. give it a few minutes
2008-09-21 18:53:30
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Raster Posts: 1902 Incept: 2007-08-16
Rar! Online
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Geez KD, get your Internet pipes cleaned... :)
---------- ǝɹǝɥ ǝuo ןɐɯɹou ʎןuo ǝɥʇ ɯ,ı˙˙˙dn pǝʞɔnɟ ןןɐ ǝɹɐ sʎnƃ noʎ 
2008-09-21 18:55:50
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Genesis Posts: 71426 Incept: 2007-06-26
KD^2
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Not me, its YouTube.... it takes them a while to process it once it goes up to them.
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-21 18:56:22
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S7rep Posts: 1177 Incept: 2007-08-29
Southwest, FL Online
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The letter kicks ass bravo Karl!!! I will be sending out a similar version tonight via email and fax...
2008-09-21 19:43:33
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Vegasradar Posts: 3956 Incept: 2007-07-11
CA
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did anyone respond back to you Karl?
---------- Remember, all Bennie has is dollars. He destroys the currency, he destroys himself. —Karl Filling in the Pieces- an economic overview: http://storage.denninger.net/ppt/teapart....
2008-09-21 19:48:55
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Blackswan Posts: 3601 Incept: 2007-11-06
Ponzi Roller Coaster
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Thanks KD. I will send this out to everyone I can. What ****es me off is the powers that be know this is the solution (not taking away anything from your work on the solution) but they don't care about the rest of the country and everyone else besides the Hamptons zipcode in August. **** them. My God we are a modern market. No reason to hide information other then to keep a fraud and scam alive. Get angry as **** everyone and get busy! ----------
2008-09-21 20:20:00
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Fidgit Posts: 14065 Incept: 2008-02-18
AllyBammy
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Woo hoooo! Glenn Beck be gettin a heapin helping of Karl Denninger today, via his "Insider" email contact 
---------- I say it's spinach, and I say the hell with it.
2008-09-21 20:25:32
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Jooon_yer Posts: 839 Incept: 2007-06-26
baba booey
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Dugg -- http://digg.com/business_finance/REAL_So....
2008-09-21 20:39:09
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Kittycat Posts: 4 Incept: 2008-07-24 out standing in my field
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psssst... hey leaders, this is called Leadership! (after 20 years, it'd be nice to feel safe to invest again) thanks Karl! right on the money!   ---------- | |||
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Jaephu Posts: 84 Incept: 2008-08-26 Vancouver, BC
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sent out again to media via bcc'd emails.... *crosses fingers*
2008-09-22 04:01:27
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Bpappas Posts: 2 Incept: 2008-09-22 Hawaii
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is there a non-pdf version of the letter? I want to send it to my Congress droids via their web pages, but cannot do so with a PDF.
2008-09-22 09:56:25
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Weezie Posts: 3601 Incept: 2008-05-19
Obama's personal message to the American people...
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Bpappas, Open the pdf file and copy and paste the contents into a word processing program. You may need to reformat it. ---------- ---------------------------- Do not write below this line.
2008-09-22 09:58:02
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Bpappas Posts: 2 Incept: 2008-09-22 Hawaii
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thanks weezie. been awake all night with insomnia. the gray matter is not working...
2008-09-22 10:16:01
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Matt Posts: 3820 Incept: 2007-06-26
Bothell, WA
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Just wrote a blog post about this alternative proposal as well as a few others. http://activerain.com/blogs/matt ---------- "Market players should be buying things even though they are overvalued, Cramer advised. Although this may seem irresponsible, traditional market thinking is not going to get people anywhere right now."
2008-09-22 17:00:16
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Dasweise Posts: 459 Incept: 2007-08-27
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I like, I sent it everywhere.
---------- Are you msrching on Washington DC on Thursday, April 15, 2010?
2008-09-22 18:58:24
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Coolmama Posts: 367 Incept: 2008-01-27 Gedney Drove End, UK
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Well, as usual you are right about everything. But as usual, the soon to be omnipotent Paulson does the unthinkable. Things seem to be accelerating, and it is not unlikely that the meltdown might occur in October. The election should be cleansing, and I hope you will be able to advise the candidate-winner on how best regulate, legislate and build an honest system that can rebuild trust and confidence throughout the world, not only in the financial system, and the dollar, but even in the USA itself.
---------- The point to carefully consider is whether any of the underlying problems that led to the crisis, most specifically excessive levels of debt and leverage, have actually been addressed rather than being hidden and papered over. Genesis 27 Nov 2009
2008-09-22 20:07:42
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Bubblesee Posts: 3768 Incept: 2007-06-27
nyc
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Gen, Outstanding. 2 points of question. 1. Isn't full disclosure of level three considered "financial armageddon" to the companies that are refusing to disclose them and the govt and fed that is covering up for them? If so getting that part of the proposal approved is a helluva mountain to climb. 2. Based on Paulson's complicit oversight of this entire mess during his tenure at GS and his extremely biased position not only now but from DAY 1 - can there really be a solution to this mess that does NOT include Paulson stepping down? ---------- Ticker Forum Special: "Bennie and the Feds" Melody:Elton John Lyrics:Bubblesee http://www.youtube.com/watch?v=etfVMtCq9Oc (Larry Kudblow eat your heart out)
2008-09-22 21:13:05
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Genesis Posts: 71426 Incept: 2007-06-26
KD^2
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1. Not necessarily. Disclosing the model and variables leaves everyone to judge on their own whether the marks are horse**** or not. 2. Well, calling for Paulson to leave when he's already leaving is a waste of a perfectly good 30 seconds. But I DID go after him in the first video on being an architect of the mess. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-09-22 21:30:10
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Bubblesee Posts: 3768 Incept: 2007-06-27
nyc
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Gen, 1. This woman ( Rep. Marcy Kaptur of Ohio )seems to be on the right track. Perhaps she should be contacted by FED UP USA: http://www.youtube.com/watch?v=S27yitK32.... 2. True - Paulson is leaving anyway. But i dont think his exit should be a graceful one...... ---------- Ticker Forum Special: "Bennie and the Feds" Melody:Elton John Lyrics:Bubblesee http://www.youtube.com/watch?v=etfVMtCq9Oc (Larry Kudblow eat your heart out) Last modified:
2008-09-23 19:47:54 by bubblesee
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Themortgagedude Posts: 3930 Incept: 2007-12-17
saint louis
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My letter to Todd Akin US Congressman from MO. Now I just gotta fire it off to my Senators. If you vote for the King Hank Bailout Bill in its present form I will personally do everything in my power to see to it that you are defeated in every election you ever run in again. I don't care if its for Lincoln County Dogcatcher, I will make it my crusade to see that you never represent the people of the State of Missouri again. Please go to the following link for a more appropriate plan to straighten out our financial markets. http://www.tickerforum.org/cgi-ticker/ak.... I hope that my confidence in you to do the right thing for the citizens of Missouri and the United States is not wasted. ---------- "These are interesting times. We don't trust the government, we don't trust the legal system, we don't trust the media, and we don't trust each other! We've undermined all authority, and with it, the basis for replacing it! It's like a six-year-old's dream come true!"
2008-09-24 12:17:18
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