Dennis Kneale Takes On Zero Hedge...And Fails (Clip)

Jul 1, 2009 at 12:29 PM
DailyBail in CNBC, cnbc video, dennis kneale, green shoots, tyler durden, zero hedge

GUESS WHO WINS

Zero Hedge vs. Dennis Kneale - December 2009

• Kneale cares more about his ratings and stature at CNBC than anything else in life
• He is an apologist for Wall Street
• He believes Bailouts are a net positive
• He is visually annoying and his voice wrenches my soul

Housing pain is just getting started; foreclosures will get much worse: ALT-A, Option ARMs, Jumbo Prime; credit card delinquencies on the rise; the tsunami of CMBS debt that will NOT be re-serviced; unemployment has yet to peak; imploding states; imploding municipalities; the soon-to-be-out-of-control federal debt; leveraged loan defaults; deteriorating health of regional banks; inept political leadership; much higher taxes on the horizon; consumer retrenchment; the continued debt de-leveraging; and zombie banks.

 

Article originally appeared on The Daily Bail (http://dailybail.com/).