Karl Denninger
Encyclopedia
Karl Denninger was the CEO of MCSNet in Chicago, one of the area's first Internet providers. He is a founding contributer to conservative blog market-ticker.org and was one of the early members of the Tea Party movement
("I cannot take credit for the idea floated on the forum, but I do like it"). Rick Santelli's CNBC mention of a tea party followed Mr. Denninger's blog entry on January 20th.
On January 20, 2009 Denninger published a blog post regarding the suggestion to mail tea-bags to the White House and Congress. The title of his post was "Tea Party February 1st?" It was written on the same day and in response to President Obama's inauguration, even though Denninger had voted for Obama. The blog-post took issue with the bank bailouts, the US national debt and "the fraud and abuse in our banking and financial system" which included the predatory lending
practices at the center of the home mortgage foreclosure crisis.
Denninger, who helped form FedUpUSA in the wake of the March 2008 Federal Reserve bail-out of Bear Sterns, has been a guest on MSNBC
, Glenn Beck
and CNBC
Reports. By February 1, the idea had spread to various conservative and libertarian
-oriented blogs, forums, websites and through a viral
email campaign.
On Oct 20, 2010, he blogged that Republicans had hijacked the Tea Party movement, and perverted its original goals to the standard Republican concerns of "guns, gays and God.".
Denninger stated on Russia Today
that he supports the Occupy Wall Street
movement.
Tea Party movement
The Tea Party movement is an American populist political movement that is generally recognized as conservative and libertarian, and has sponsored protests and supported political candidates since 2009...
("I cannot take credit for the idea floated on the forum, but I do like it"). Rick Santelli's CNBC mention of a tea party followed Mr. Denninger's blog entry on January 20th.
On January 20, 2009 Denninger published a blog post regarding the suggestion to mail tea-bags to the White House and Congress. The title of his post was "Tea Party February 1st?" It was written on the same day and in response to President Obama's inauguration, even though Denninger had voted for Obama. The blog-post took issue with the bank bailouts, the US national debt and "the fraud and abuse in our banking and financial system" which included the predatory lending
Predatory lending
Predatory lending describes unfair, deceptive, or fraudulent practices of some lenders during the loan origination process. While there are no legal definitions in the United States for predatory lending, an audit report on predatory lending from the office of inspector general of the FDIC broadly...
practices at the center of the home mortgage foreclosure crisis.
Denninger, who helped form FedUpUSA in the wake of the March 2008 Federal Reserve bail-out of Bear Sterns, has been a guest on MSNBC
MSNBC
MSNBC is a cable news channel based in the United States available in the US, Germany , South Africa, the Middle East and Canada...
, Glenn Beck
Glenn Beck
Glenn Edward Lee Beck is an American conservative radio host, vlogger, author, entrepreneur, political commentator and former television host. He hosts the Glenn Beck Program, a nationally syndicated talk-radio show that airs throughout the United States on Premiere Radio Networks...
and CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
Reports. By February 1, the idea had spread to various conservative and libertarian
Libertarianism
Libertarianism, in the strictest sense, is the political philosophy that holds individual liberty as the basic moral principle of society. In the broadest sense, it is any political philosophy which approximates this view...
-oriented blogs, forums, websites and through a viral
Viral phenomenon
Viral phenomena are objects or patterns able to replicate themselves or convert other objects into copies of themselves when these objects are exposed to them....
email campaign.
On Oct 20, 2010, he blogged that Republicans had hijacked the Tea Party movement, and perverted its original goals to the standard Republican concerns of "guns, gays and God.".
Denninger stated on Russia Today
Russia Today
Russia Today may refer to:* Russia Today, an English language 24-hour television news channel from Russia. It was launched in 2005 and is not related to an online news service of the similar name operated by EIN News...
that he supports the Occupy Wall Street
Occupy Wall Street
Occupy Wall Street is an ongoing series of demonstrations initiated by the Canadian activist group Adbusters which began September 17, 2011 in Zuccotti Park, located in New York City's Wall Street financial district...
movement.
Books
- Leverage: How Cheap Money Will Destroy the World, November 2011, ISBN: 978-1-1181-2284-6 1
External links
- Market-ticker, Denninger's financially-focused blog