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<channel>
	<title>The Swamp Report &#187; financial crisis</title>
	<atom:link href="http://www.swampreport.com/tag/financial-crisis/feed/" rel="self" type="application/rss+xml" />
	<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>
	<lastBuildDate>Thu, 30 Sep 2010 14:35:04 +0000</lastBuildDate>
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		<item>
		<title>Corruption in Treasury is mainstream news</title>
		<link>http://www.swampreport.com/economy/corruption-in-treasury-is-mainstream-news/</link>
		<comments>http://www.swampreport.com/economy/corruption-in-treasury-is-mainstream-news/#comments</comments>
		<pubDate>Mon, 05 Oct 2009 13:19:28 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner]]></category>
		<category><![CDATA[inspector general]]></category>
		<category><![CDATA[Paulson]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2549</guid>
		<description><![CDATA[The NYT reports: The inspector general who oversees the government’s bailout of the banking system is criticizing the Treasury Department for some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks. Is it just misleading or plain ole lying? Former Treasury Secretary Henry M. Paulson [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/corruption-in-treasury-is-mainstream-news/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Simon Johnson: A new kind of bank run</title>
		<link>http://www.swampreport.com/economy/simon-johnson-a-new-kind-of-bank-run/</link>
		<comments>http://www.swampreport.com/economy/simon-johnson-a-new-kind-of-bank-run/#comments</comments>
		<pubDate>Mon, 13 Apr 2009 22:03:43 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank runs]]></category>
		<category><![CDATA[bank stocks]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=814</guid>
		<description><![CDATA[Simon Johnson writes in Economix for the NYT that with the FDIC having unlimited drawing power from the FED in case of emergency and also with online banking, a depression era, consumer-type run on a bank in which people lined up to withdraw their money is no longer likely.  However, a new kind of run [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/simon-johnson-a-new-kind-of-bank-run/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Recovery?: Nothing has been done about the big banks&#8230;</title>
		<link>http://www.swampreport.com/economy/recovery-nothing-has-been-done-about-the-big-banks/</link>
		<comments>http://www.swampreport.com/economy/recovery-nothing-has-been-done-about-the-big-banks/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 19:49:44 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[big bank losses]]></category>
		<category><![CDATA[F. William Engdahl]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner's plan for the banks]]></category>
		<category><![CDATA[Mike Whitney]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=779</guid>
		<description><![CDATA[The big banks are announcing &#8220;record profits&#8220;, which are a sham.  Time says the banking crisis is over.  Goldman, the strongest of the bunch, is proposing to sell new stock to the public before the sham is completely disclosed. With the Treasury&#8217;s help, they may just pull the heist off, but it won&#8217;t change anything [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/recovery-nothing-has-been-done-about-the-big-banks/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Robert Reich: does this mean economic turnaround? -&#8221;don&#8217;t bank on it&#8221;</title>
		<link>http://www.swampreport.com/economy/robert-reich-does-this-mean-economic-turnaround-nope/</link>
		<comments>http://www.swampreport.com/economy/robert-reich-does-this-mean-economic-turnaround-nope/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 18:24:26 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[economic forecasts]]></category>
		<category><![CDATA[economic recovery]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[money creation]]></category>
		<category><![CDATA[Robert Reich]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=774</guid>
		<description><![CDATA[We rarely agree with Dr. Reich&#8217;s policy prescriptions, but we gotta give him this: his current assessment is reasonable: &#8220;But we&#8217;re not at the beginning of the end. I&#8217;m not even sure we&#8217;re at the end of the beginning. All of these pieces of upbeat news are connected by one fact: the flood of money [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/robert-reich-does-this-mean-economic-turnaround-nope/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Willem Buiter: banks have cast &#8220;veil of uncertainty&#8221; over their balance sheets</title>
		<link>http://www.swampreport.com/economy/willem-buiter-banks-have-cast-veil-of-uncertainty-over-their-balance-sheets/</link>
		<comments>http://www.swampreport.com/economy/willem-buiter-banks-have-cast-veil-of-uncertainty-over-their-balance-sheets/#comments</comments>
		<pubDate>Wed, 08 Apr 2009 21:25:26 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[government deficits]]></category>
		<category><![CDATA[inflation risk]]></category>
		<category><![CDATA[soveriegn default]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=719</guid>
		<description><![CDATA[FT columnist and economist, Willem Buiter says we will know by early 2010 which banks will survive and which will not: &#8220;By the end of the year &#8211; early 2010 at the latest &#8211; we will know which banks will survive and which ones are headed for the scrap heap.  With the resolution of the [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/willem-buiter-banks-have-cast-veil-of-uncertainty-over-their-balance-sheets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IRA: PPIP doomed to fail</title>
		<link>http://www.swampreport.com/economy/ira-ppip-doomed-to-fail/</link>
		<comments>http://www.swampreport.com/economy/ira-ppip-doomed-to-fail/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 18:49:33 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner plan]]></category>
		<category><![CDATA[liquidation]]></category>
		<category><![CDATA[meltdown]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=713</guid>
		<description><![CDATA[IRA has a great analysis of the PPIP. Their conclusion?  Eventually we will pay the piper when the conflicting Mark to Fantasy rules and the Geithner/Summers plan both fail to cure the banks&#8217; problem and liquidation becomes the new political expediency: &#8220;When General Motors (NYSE:GM) is forced into an inevitable bankruptcy this June, however, doing [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/ira-ppip-doomed-to-fail/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>Bill Black: Bank stress tests are a sham&#8230;</title>
		<link>http://www.swampreport.com/economy/bill-black-bank-stress-tests-are-a-sham/</link>
		<comments>http://www.swampreport.com/economy/bill-black-bank-stress-tests-are-a-sham/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 00:51:39 +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[financial crisis]]></category>
		<category><![CDATA[Geithner]]></category>
		<category><![CDATA[insolvent banks]]></category>
		<category><![CDATA[Obama Administration]]></category>
		<category><![CDATA[Obama wants to control banks]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=684</guid>
		<description><![CDATA[&#8220;If we lie to the people and they believe us, all will be well.&#8221;   We think only the most naive don&#8217;t already know it, but since we have seen the suckers move markets on ignorance in the past, it may help to let experts, like Bill Black, a former senior bank regulator responsible for helping [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/bill-black-bank-stress-tests-are-a-sham/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Moyers interview of Bill Black: &#8220;Geithner is covering up&#8221;</title>
		<link>http://www.swampreport.com/politics/moyers-interview-of-bill-black-geithner-is-covering-up/</link>
		<comments>http://www.swampreport.com/politics/moyers-interview-of-bill-black-geithner-is-covering-up/#comments</comments>
		<pubDate>Sun, 05 Apr 2009 13:48:09 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bailouts]]></category>
		<category><![CDATA[banksters]]></category>
		<category><![CDATA[Bill Black and the government conspiracy]]></category>
		<category><![CDATA[Bill Moyers Journal]]></category>
		<category><![CDATA[defrauding the American taxpayers]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner's plan for the banks]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=663</guid>
		<description><![CDATA[Bill Moyers interviews Bill Black, a former regulator involved in the liquidation of the S&#38;L&#8217;s.  Hat tip Option ARMegeddon. Mr. Black details how liars&#8217; loans were used to defraud as regulators never examined loan files under the Bush administration.  The recent attempts to cover up the banking problems by Geithner and company is one focus [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/moyers-interview-of-bill-black-geithner-is-covering-up/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Economist Intelligence Unit finds world economic crisis dire</title>
		<link>http://www.swampreport.com/economy/the-economist-intelligence-unit-finds-world-economic-crisis-deepening/</link>
		<comments>http://www.swampreport.com/economy/the-economist-intelligence-unit-finds-world-economic-crisis-deepening/#comments</comments>
		<pubDate>Sat, 04 Apr 2009 23:05:05 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[economic crisis]]></category>
		<category><![CDATA[economic forecasts]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[oil prices]]></category>
		<category><![CDATA[The Economist]]></category>
		<category><![CDATA[world trade]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=650</guid>
		<description><![CDATA[The EIU&#8217;s Robin Bew was interviewed on April 1 about his current expectations for the world economy.  He finds little to indicate a quick turn around. Here are a few excerpts from the transcript (we added the emphasis). Regarding a growth forecast and the time until world recovery begins: &#8220;It became clear that the pace [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/the-economist-intelligence-unit-finds-world-economic-crisis-deepening/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Now the FHA will likely need a bailout</title>
		<link>http://www.swampreport.com/politics/now-the-fha-will-likely-need-a-bailout/</link>
		<comments>http://www.swampreport.com/politics/now-the-fha-will-likely-need-a-bailout/#comments</comments>
		<pubDate>Fri, 03 Apr 2009 01:23:39 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[FHA bailout]]></category>
		<category><![CDATA[financial crisis]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=611</guid>
		<description><![CDATA[WSJ says FHA will probably need a bailout before long: &#8220;Asked at the hearing whether the FHA would need a bailout, HUD Inspector General Kenneth M. Donohue said he couldn&#8217;t predict. &#8220;Based on the numbers we&#8217;re seeing, I think it&#8217;s going in the wrong direction,&#8221; he said.&#8221; What is the reason for the needed bailout? [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/now-the-fha-will-likely-need-a-bailout/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citi CDS&#8217;s rise anticipating revisions to MTM</title>
		<link>http://www.swampreport.com/investments/citi-cdss-rise-anticipating-revisions-to-mtm/</link>
		<comments>http://www.swampreport.com/investments/citi-cdss-rise-anticipating-revisions-to-mtm/#comments</comments>
		<pubDate>Thu, 02 Apr 2009 11:25:31 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[FASB]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[mark to market]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=598</guid>
		<description><![CDATA[Reuters: &#8220;Debt protection costs on Citigroup Inc (C.N) hit record highs on Wednesday, ahead of a vote on a proposal to give banks more leeway on how they should apply mark-to-market accounting standards. The accounting, in which assets are marked to their current market value, has been criticized for exacerbating market woes as extreme illiquidity [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/citi-cdss-rise-anticipating-revisions-to-mtm/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FT: G20 policymakers and bankers confused on amount of &#8220;the toxic rot&#8221;</title>
		<link>http://www.swampreport.com/economy/ft-g20-policymakers-and-bankers-confused-on-amount-of-the-toxic-rot/</link>
		<comments>http://www.swampreport.com/economy/ft-g20-policymakers-and-bankers-confused-on-amount-of-the-toxic-rot/#comments</comments>
		<pubDate>Thu, 02 Apr 2009 11:01:57 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank toxic assets]]></category>
		<category><![CDATA[Europe financial crisis]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[G20 summit]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=595</guid>
		<description><![CDATA[Gillian Tett at FT: &#8220;As more toxic assets keep emerging, public confidence in the financial system keeps crumbling afresh. Little wonder. After all, the only thing more scary than the current scale of today’s banking woes is that, a full two years after subprime defaults got under way, policymakers and bankers alike remain confused about [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/ft-g20-policymakers-and-bankers-confused-on-amount-of-the-toxic-rot/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Banks raised expectations for 1st quarter earnings &#8211; now can they deliver?</title>
		<link>http://www.swampreport.com/economy/banks-raised-expectations-for-1st-quarter-earnings-now-can-they-deliver/</link>
		<comments>http://www.swampreport.com/economy/banks-raised-expectations-for-1st-quarter-earnings-now-can-they-deliver/#comments</comments>
		<pubDate>Thu, 02 Apr 2009 03:17:09 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank earnings]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[bank writeoffs]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[JP Morgan Chase]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=590</guid>
		<description><![CDATA[We all recall the recent boasting by Citi, B of A and JP Morgan that earnings in Jan and Feb were positive and the subsequent backpedaling that occurred regarding March.  Euromoney is questioning whether the banks can deliver on these new raised expectations. They document that investment banking fee revenues have supplied some profits, but [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/banks-raised-expectations-for-1st-quarter-earnings-now-can-they-deliver/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Eight wise senators voted against repeal of Glass Steagall</title>
		<link>http://www.swampreport.com/politics/eight-wise-senators-voted-against-repeal-of-glass-steagall/</link>
		<comments>http://www.swampreport.com/politics/eight-wise-senators-voted-against-repeal-of-glass-steagall/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 14:06:36 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[banking oligarchy]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[glass steagall act]]></category>
		<category><![CDATA[senators]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=575</guid>
		<description><![CDATA[Besides the Community Reinvestment Act, the repeal of the Glass Steagall Act, which separated investment banking from traditional banking, must be viewed as a primary cause of the fine mess we are in now. A list of senators who voted against the Banking Oligarchy that really controls America from Money and Markets: &#8220;Only eight senators [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/eight-wise-senators-voted-against-repeal-of-glass-steagall/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Social security &#8220;trust fund&#8221; will have to sell its hoard of Treasuries earlier</title>
		<link>http://www.swampreport.com/politics/social-security-trust-fund-will-have-to-sell-its-hoard-of-treasuries-earlier/</link>
		<comments>http://www.swampreport.com/politics/social-security-trust-fund-will-have-to-sell-its-hoard-of-treasuries-earlier/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 03:03:02 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[social security]]></category>
		<category><![CDATA[Treasury bonds]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=565</guid>
		<description><![CDATA[ml-implode.com reports that according to the CBO, social security will run out money much sooner than projected even last year due to reduced payroll tax receipts: &#8220;Last year, the CBO figured the surplus would be $80 billion this year and next, rising from those levels before falling to zero in about ten years. The most [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/social-security-trust-fund-will-have-to-sell-its-hoard-of-treasuries-earlier/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>Case-Shiller differs from FHFA: Jan home prices down 19% y-on-y</title>
		<link>http://www.swampreport.com/economy/case-shiller-jan-home-prices-down-19-y-on-y/</link>
		<comments>http://www.swampreport.com/economy/case-shiller-jan-home-prices-down-19-y-on-y/#comments</comments>
		<pubDate>Tue, 31 Mar 2009 14:02:08 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[government data]]></category>
		<category><![CDATA[home prices]]></category>
		<category><![CDATA[private data]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=561</guid>
		<description><![CDATA[Rex Nutting at Dow Jones reports: &#8220;Home values in 20 major U.S. cities fell at the fastest rate on record in January and are now down a record 19% in the 12 months ending in January. The Case-Shiller index tracks repeat sales on the same properties over time, but it closely tracks only 20 cities, [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/case-shiller-jan-home-prices-down-19-y-on-y/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>McKinsey highlights the need for income growth to offset increased savings</title>
		<link>http://www.swampreport.com/economy/mckinsey-highlights-the-need-for-income-growth-to-offset-increased-savings/</link>
		<comments>http://www.swampreport.com/economy/mckinsey-highlights-the-need-for-income-growth-to-offset-increased-savings/#comments</comments>
		<pubDate>Tue, 31 Mar 2009 02:08:47 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[income growth]]></category>
		<category><![CDATA[savings]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=548</guid>
		<description><![CDATA[The McKinsey Quarterly reports on the importance of growing household incomes to facilitate reducing the abnormal debt level (see chart below) without such drastic reductions in consumption. &#8220;In short, the importance of income growth is difficult to overstate. With it, households can simultaneously reduce their debt burden, rebuild savings, and boost consumption. But without significant [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/mckinsey-highlights-the-need-for-income-growth-to-offset-increased-savings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>FT slobbers a little over Obama, before G20</title>
		<link>http://www.swampreport.com/economy/ft-slobbers-a-little-over-obama-before-g20/</link>
		<comments>http://www.swampreport.com/economy/ft-slobbers-a-little-over-obama-before-g20/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 13:50:07 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[G20 summit]]></category>
		<category><![CDATA[Obama]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=534</guid>
		<description><![CDATA[FT published its &#8220;exclusive interview&#8221; with President Obama today.Â  The interview of the &#8220;much like FDR&#8221; portrays the President as one who, in comparison to his predecessors, &#8220;conveys a degree of pragmatism&#8221; and &#8220;modulated phrasing&#8221; and who has a good chance to succeed in uniting the world at &#8220;the most important world economic gathering in [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/ft-slobbers-a-little-over-obama-before-g20/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Citi and B of A: buying low, selling high or something else?</title>
		<link>http://www.swampreport.com/economy/citi-and-b-of-a-buying-low-selling-high-or-something-else/</link>
		<comments>http://www.swampreport.com/economy/citi-and-b-of-a-buying-low-selling-high-or-something-else/#comments</comments>
		<pubDate>Sat, 28 Mar 2009 22:22:51 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner program]]></category>
		<category><![CDATA[public/private partnerships]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=522</guid>
		<description><![CDATA[Businessinsider.com recently wrote about the New York Post article documenting Citigroup and Bank of America&#8217;s recent purchase of Alt-A and ARM mortgage backed securities in anticipation of the public/private partnerships bidding to buy similar assets from such banks: &#8220;This raises serious questions about how the banks are using TARP funds. Instead of stimulating the economy [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/citi-and-b-of-a-buying-low-selling-high-or-something-else/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dimon: &#8220;a little tough in March&#8221;</title>
		<link>http://www.swampreport.com/investments/dimon-things-were-rough-in-march/</link>
		<comments>http://www.swampreport.com/investments/dimon-things-were-rough-in-march/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 21:04:02 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank profits]]></category>
		<category><![CDATA[bank stocks]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Jamie Dimon]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=503</guid>
		<description><![CDATA[So&#8230;after Pandit and other bank executives blatantly manipulated their stock price by commenting about how they &#8220;made money&#8221; in January and February, now they start backpeddling.Â  Here&#8217;s a sheepish Jamie Dimon of JP Morgan with Erin Burnett (about minute 6:40) on CNBC after the Bank Oligopoly&#8217;s meeting with the president to plan future cheer leading [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/dimon-things-were-rough-in-march/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Breaking the Banking oligopoly</title>
		<link>http://www.swampreport.com/politics/breaking-the-banking-oligopoly/</link>
		<comments>http://www.swampreport.com/politics/breaking-the-banking-oligopoly/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 15:21:39 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Simon Johnson]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=487</guid>
		<description><![CDATA[Simon Johnson, who was formerly with theÂ  IMF and who founded the Baseline scenario site has a great article in theÂ  The Altantic about how the bankers oligopoly have staged a &#8220;quiet coup&#8221;, bringing the US government under their thumb since World War II and the urgent need to put them in their proper place [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/breaking-the-banking-oligopoly/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Some Banks still need to be nationalized</title>
		<link>http://www.swampreport.com/economy/some-banks-still-need-to-be-nationalized/</link>
		<comments>http://www.swampreport.com/economy/some-banks-still-need-to-be-nationalized/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 10:54:02 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner plan]]></category>
		<category><![CDATA[nationalization]]></category>
		<category><![CDATA[Roubini]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=473</guid>
		<description><![CDATA[Nouriel Roubini on Bloomberg says the bank plan will help banks that are not already insolvent, but those that already are insolvent will have to be taken over.]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/some-banks-still-need-to-be-nationalized/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Blodget: Bank assets prices will have new values established, but unintended consequences</title>
		<link>http://www.swampreport.com/economy/blodget-bank-assets-prices-will-have-new-values-established-but-unintended-consequences/</link>
		<comments>http://www.swampreport.com/economy/blodget-bank-assets-prices-will-have-new-values-established-but-unintended-consequences/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 23:36:27 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[Geithner plan]]></category>
		<category><![CDATA[private investors]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=434</guid>
		<description><![CDATA[Henry Blodget may be disgraced as an internet stock analyst but his argument makes sense.Â  We raised a similar idea.Â  The basic idea is that when one bank receives and accepts an offer on a particular asset, the argument that &#8220;there is no market price&#8221; can no longer be used by that bank or others. [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/blodget-bank-assets-prices-will-have-new-values-established-but-unintended-consequences/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Distressed real estate in Europe hints why Geithner&#8217;s plan is hobbled</title>
		<link>http://www.swampreport.com/politics/distressed-real-estate-in-europe-hints-why-geithners-plan-is-hobbled/</link>
		<comments>http://www.swampreport.com/politics/distressed-real-estate-in-europe-hints-why-geithners-plan-is-hobbled/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 03:31:05 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[bank assets]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Europe financial crisis]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[private investors]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=405</guid>
		<description><![CDATA[Phillip Moore&#8217;s article in Euromoney describes many investors and much money (from both UK and US investors) allocated to snapping up distressed commercial real estate debt.Â  What&#8217;s interesting to us is the indications in the article that it&#8217;s the banks that are unwilling to sell &#8211; that is preventing the investments &#8211; NOT a need [...]]]></description>
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		<slash:comments>0</slash:comments>
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