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12/22/2011

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JamesNT

Have a safe holiday season!!

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Happy Holidays!

lee

bad news! but merry Christmas! http://www.fagbearing.cc/

Derek

Merry Christmas, Professor Becker and Judge Poser.

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An Observer

Steve Keen has just been featured on INET

http://ineteconomics.org/

Keen makes a very compelling argument that capitalism is inherently unstable and that our problems stem from private debt.

It would be interesting to read whether Posner or Becker have any rebuttal to Keen.

Silence will be taken as agreement with Keen

Jack

Observer Good input:

And so many others who did not see the Ponzi scheme running out of rubes!

Aah... yes: "It is true that one person's debt is another person's asset, but it is equally true that banks create money when they lend. This kind of endogenous expansion of debt, Keen says, drives economic activity, and most economists are completely oblivious to it."

....... Haha and most egregiously when unregulated non-banks "lend" at 30 times assets on junk bonds FRAUDULENTLY labelled and pawned off at Triple A. Yep, that'll do it every time.

" Debt that the financial sector dishonorably extended should not be honored, he says."

........ hmmm like illicit gambling debts or drug profits not being enforceable debts. Yep, I'm in.

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I had got a desire to start my own business, but I didn't have enough amount of cash to do that. Thank God my close dude advised to use the personal loans. Thence I used the credit loan and realized my dream.

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Thank you for such an informative website and post on the EU debt crisis. This is particularly the case when there seems to be constant and volatile opposition in these weaker EU nations to austerity measures.

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Happy Holidays!

Paul Smith London

Have a safe holiday season!!

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Merry Christmas, Professor Becker and Judge Poser.

Jack

.......... and Happy New Year!!

Can we resolve to at least imprison a token dozen or so Wall Street thieve for 012?

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Debt that the financial sector dishonorably extended should not be honored, he says.

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Can we resolve to at least imprison a token dozen or so Wall Street thieve for 012?

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Happy New Years guys, looks like the first blow against wall street has come. lets imprison them all! From Judge Eileen Bransten: "ORDERED that MBIA Insurance Corporation’s motion for partial summary judgment is granted to the extent that MBIA Insurance Corporation (“MBIA”) must establish for its claim of fraud that misrepresentations by the defendant(s) induced MBIA to issue insurance policies on terms to which it otherwise would not have agreed and that MBIA is not required to establish a direct causal link between defendant(s) misrepresentations and MBIA’s claims payments made pursuant to the insurance policies at issue; and it is further ordered that MBIA's motion for partial summary judgment is granted to the extent that MBIA must establish for its claim for breach of the Insurance Agreement against Countrywide Home Loans that CHL's breach of warranties in the issued insurance policies' transaction documents increased the risk profile of the issued insurance policies and MBIA is not required to establish a direct causal connection between proven warranty breaches by CHL and MBIA's claims payments made pursuant to the insurance policies at issue, and it is further Ordered that MBIA's motion for partial summary judgment is granted to the extent that MBIA may seek rescissory damages upon proving all elements of its claims for fraud and breach of representation and/or warranty." In short, this is core catalyst that Manal Mehta expected and which BTIG envisioned to justify its $22.50 price target.

ferf

I'm happy I found this article,its great!

Jack

...... the recent New Year?

How about ARE WE IMPRISONING TOO FEW WALL STREET THIEVES and setting POOR example?

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will further divide the vote,You can reach the safety of Cairhiens walls long before you could return to Shienar,

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That is magnificent, waiting desperately.

frauen

Looking forward for new posts.

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Happy Holidays! Thank you for such informative website.

Onitsuka Tiger

mean I just read through the entire article of yours and it was quite good but since I'm more of a visual learner,I found that to be more helpful.

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Merci beaucoup pour votre article.

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