Quote Originally Posted by Nord Jim View Post
I guess I'd have to ask who is this guy and why should I listen to him instead of to Warren Buffet?

There is actually very little on Karl Denninger on the web, beyond some posts that identify him as a blogger with a background in tech. He's evidently not a financial professional.

Interesting, though, that he couples the end of the world as we know it to problems with preferred stock. In other words, he says he's worried that we won't protect preferred stock (such as the stock one would find in the severance packages of the grifters who got us into this situation) by laying the losses off onto common stock (such as that which would be owned by you or me). Who's being protected here? (Just a question.)

Interesting point of view, but not a slam dunk in my book.

j
Is Warren Buffet investing $5 Billion of his own money, or is that the money of his investors?



BTW I wrote my congressman and senator last week....