Monday, September 22, 2008

Denninger speaks truth to power.

Denninger speaks truth to power.




Hat Tip: Housing Panic

4 comments:

  1. This guy is blaming CEO's (e.g. Thain, Pandit) who were not CEO's of the reckless companies until after the credit crunch began. Thain and Pandit were hired to fix the recklessness of their predecessors. I don't understand why they deserve blame. The people he should be blaming are their predecessors, Stanley O'Neal and Chuck Prince.

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  2. this guy is plain annoying, has some points but is a total doofis

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  3. This guy is worse than a doofis ...He's a complete idiot. He comes off as a real loser ... He's probably jealous that isn't as bright as the people he criticizes. He doesn't understand that life isn't absolutes ... it's made up of iterations ... many iterations. There is no "this is the right way now and forever." Smart people like Paulson understand that you have to adjust as you go along. Dumb people like this Denniger just have great 20-20 hindsight.

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  4. Ask people in Chicago what they think of Karl Denninger. Go to usenet and ask.

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