Links for Sunday, September 21, 2008

• Karl Denninger: The Mother of All Frauds – “If Paulson and his successor decide to, they could literally cycle all $5.3 trillion of Fannie and Freddie’s debt through this scheme, potentially sticking the taxpayer for 20% or more of the total, plus as much private debt on various bank balance sheets as they can manage to nationalize until (and possibly beyond) the point where the bond market tells him to go to hell.“
• Naked Capitalism: Why You Should Hate the Treasury Bailout – “This is a financial coup d’etat, with the only limitation the $700 billion balance sheet figure.“
• Harvard School of Public Health: Clear and to the Point: Guidelines for Using Plain Language at NIH – “More importantly, communicating clearly is its own reward-it saves time and money, and it improves reader response to your message. Using plain language avoids creating barriers that set us apart from the people with whom we are communicating.“