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	<title>The Swamp Report &#187; FDIC</title>
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	<link>http://www.swampreport.com</link>
	<description>Political, Economic, and Finance related commentary. J.D. Swampfox Associates report on battles for prosperity against the &#34;Tarleton&#34; of big government.</description>
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		<title>Hank Paulson&#8217;s Prepared Testimony on the Fed&#8217;s Assistance to Bank of America</title>
		<link>http://www.swampreport.com/economy/hank-paulsons-prepared-testimony-for-jun-16th-hearings/</link>
		<comments>http://www.swampreport.com/economy/hank-paulsons-prepared-testimony-for-jun-16th-hearings/#comments</comments>
		<pubDate>Wed, 15 Jul 2009 19:24:17 +0000</pubDate>
		<dc:creator>Minute Man</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[BofA]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Hank Paulson]]></category>
		<category><![CDATA[Henry Paulson]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2003</guid>
		<description><![CDATA[Below is a copy of Hank Paulson&#8217;s prepared testimony for tomorrow&#8217;s (June 16th) hearings which will cover the assistance that FED&#8217;s provided to Bank of America (thanks Zero Hedge):]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/hank-paulsons-prepared-testimony-for-jun-16th-hearings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Goldman Sachs Should Stop Pretending to be a Commercial Bank</title>
		<link>http://www.swampreport.com/economy/goldman-should-stop-pretending-to-be-a-commercial-bank/</link>
		<comments>http://www.swampreport.com/economy/goldman-should-stop-pretending-to-be-a-commercial-bank/#comments</comments>
		<pubDate>Tue, 14 Jul 2009 19:10:26 +0000</pubDate>
		<dc:creator>Minute Man</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Commercial Bank]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Goldman Sachs earnings]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=1961</guid>
		<description><![CDATA[Goldman Sachs had one of its biggest quarters ever by reaping the benefits of the Fed&#8217;s currently cheap discount window while still operating with hedge fund levels of risk. That doesn&#8217;t even take into consideration the profits they gained from the AIG bailout. From Rolfe Winkler&#8217;s blog: In addition to the federal money it took [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/goldman-should-stop-pretending-to-be-a-commercial-bank/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Citi shows profit from accounting rules and non-recurring</title>
		<link>http://www.swampreport.com/investments/citi-shows-profit-from-accounting-rules-and-non-recurring/</link>
		<comments>http://www.swampreport.com/investments/citi-shows-profit-from-accounting-rules-and-non-recurring/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 13:46:28 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Citgroup]]></category>
		<category><![CDATA[earing assets]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[MTM]]></category>
		<category><![CDATA[nonperfroming assets]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=909</guid>
		<description><![CDATA[Bloomberg&#8217;s analysis of Citi&#8217;s earnings release shows it taking advantage of accounting changes: &#8220;Citigroup posted a $2.5 billion gain because of an accounting change adopted in 2007. Under the rule, companies are allowed to record any declines in the market value of their own debt as an unrealized gain.&#8221; This is really funny &#8211; as [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/citi-shows-profit-from-accounting-rules-and-non-recurring/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FDIC uses old tool: 30 days to find new bank</title>
		<link>http://www.swampreport.com/economy/fdic-uses-old-tool-30-days-to-find-new-bank/</link>
		<comments>http://www.swampreport.com/economy/fdic-uses-old-tool-30-days-to-find-new-bank/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 01:01:35 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[30 days to find a new bank]]></category>
		<category><![CDATA[American Banker]]></category>
		<category><![CDATA[FDIC]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=828</guid>
		<description><![CDATA[Robert Barba and Marissa Fajt report in the American Banker: &#8220;The Federal Deposit Insurance Corp. dusted off a tool it had not used in more than a quarter century to resolve New Frontier Bank in Greeley, Colo., which failed Friday. After no buyer emerged for the $2 billion-asset New Frontier, the FDIC established a deposit [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/fdic-uses-old-tool-30-days-to-find-new-bank/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NY Post: FDIC insiders say stress test pointless</title>
		<link>http://www.swampreport.com/economy/ny-post-fdic-insiders-say-stress-test-pointless/</link>
		<comments>http://www.swampreport.com/economy/ny-post-fdic-insiders-say-stress-test-pointless/#comments</comments>
		<pubDate>Thu, 09 Apr 2009 16:57:17 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank stress tests are a sham]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FDIC insiders]]></category>
		<category><![CDATA[New York Post]]></category>
		<category><![CDATA[Sheila Bair]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=755</guid>
		<description><![CDATA[The New York Post reports that insiders in the FDIC consider Geithner&#8217;s Bank stress tests a pointless exercise, aimed at the naive general public: &#8220;The FDIC&#8217;s basic beef with the stress test is that it is not a credible way to assess how much additional cash beaten-down banks will need to weather what many Wall [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/ny-post-fdic-insiders-say-stress-test-pointless/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Famous last words from Sheila Bair: &#8220;Our accountants have signed off on no net losses”</title>
		<link>http://www.swampreport.com/economy/famous-last-words-from-sheila-bare-%e2%80%9cour-accountants-have-signed-off-on-no-net-losses%e2%80%9d/</link>
		<comments>http://www.swampreport.com/economy/famous-last-words-from-sheila-bare-%e2%80%9cour-accountants-have-signed-off-on-no-net-losses%e2%80%9d/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 15:06:16 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[FDIC borrowing limits]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[private investors]]></category>
		<category><![CDATA[public-private partnerships]]></category>
		<category><![CDATA[Sheila Bair]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=703</guid>
		<description><![CDATA[Andrew Ross Sorkin in the NYT says (we added the emphasis): &#8220;&#8230;the F.D.I.C is trying to stabilize the system by adding more risk, not less, to the system. It’s going to be insuring 85 percent of the debt, provided by the Treasury, that private investors will use to subsidize their acquisitions of toxic assets. These [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/famous-last-words-from-sheila-bare-%e2%80%9cour-accountants-have-signed-off-on-no-net-losses%e2%80%9d/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Big Banks will bid up each other&#8217;s assets with Taxpayer money</title>
		<link>http://www.swampreport.com/investments/big-banks-will-bid-up-each-others-assets-with-taxpayer-money/</link>
		<comments>http://www.swampreport.com/investments/big-banks-will-bid-up-each-others-assets-with-taxpayer-money/#comments</comments>
		<pubDate>Fri, 03 Apr 2009 13:07:23 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[bank collusion]]></category>
		<category><![CDATA[bank money laundering]]></category>
		<category><![CDATA[banking oligarchy]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[mark to market accounting]]></category>
		<category><![CDATA[Obama Administration]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=620</guid>
		<description><![CDATA[FT reports &#8220;US banks that have received government aid, including Citigroup, Goldman Sachs, Morgan Stanley and JPMorgan Chase, are considering buying toxic assets to be sold by rivals under the Treasury’s $1,000bn (£680bn) plan to revive the financial system. Spencer Bachus, the top Republican on the House financial services committee, vowed after being told of [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/big-banks-will-bid-up-each-others-assets-with-taxpayer-money/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Wamu sues FDIC</title>
		<link>http://www.swampreport.com/investments/wamu-sues-fdic/</link>
		<comments>http://www.swampreport.com/investments/wamu-sues-fdic/#comments</comments>
		<pubDate>Sat, 21 Mar 2009 14:57:06 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Add new tag]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[FDIC]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Washington Mutual]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=262</guid>
		<description><![CDATA[The following was provided on DOW JONES.Â  A copy of the legal document can be found here. By Peg Brickley Of DOW JONES NEWSWIRES WILMINGTON, Del. (Dow Jones)&#8211;Washington Mutual Inc. (WAMUQ) Friday sued the Federal Deposit Insurance Corp. over the takeover of Washington Mutual Bank, seeking billions in damages for the loss of its prized [...]]]></description>
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		<slash:comments>0</slash:comments>
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