<?xml version="1.0" encoding="UTF-8"?>
 <rdf:RDF xmlns="http://purl.org/rss/1.0/" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:taxo="http://purl.org/rss/1.0/modules/taxonomy/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:cc="http://web.resource.org/cc/" xmlns:syn="http://purl.org/rss/1.0/modules/syndication/" xmlns:admin="http://webns.net/mvcb/">
  <channel rdf:about="http://pinboard.in">
    <title>Pinboard (Vaguery)</title>
    <link>https://pinboard.in/u:Vaguery/public/</link>
    <description>recent bookmarks from Vaguery</description>
    <items>
      <rdf:Seq>	<rdf:li rdf:resource="http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2014/11/the-cold-war-isnt-over.html"/>
	<rdf:li rdf:resource="http://crookedtimber.org/2014/01/22/new-old-keynesianism/"/>
	<rdf:li rdf:resource="http://www.thenation.com/article/177965/wall-street-group-aggressively-lobbied-federal-agency-thwart-eminent-domain-plans"/>
	<rdf:li rdf:resource="http://www.nytimes.com/2013/12/27/opinion/krugman-the-fear-economy.html?_r=0"/>
	<rdf:li rdf:resource="http://www.zerohedge.com/news/2013-12-31/when-risk-separated-gain-system-doomed"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2013/11/yanis-varoufakis-ponzi-austerity-a-definition-and-an-example.html"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2013/08/david-dayen-regulatory-apparatus-to-provide-full-employment-for-chroniclers-of-future-bailouts-as-useless-mortgage-origination-rules-introduced.html"/>
	<rdf:li rdf:resource="http://www.strikemag.org/bullshit-jobs/"/>
	<rdf:li rdf:resource="http://www.salon.com/2013/08/12/your_mortgage_documents_are_fake/"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2013/07/how-goldman-made-5-billion-by-manipulating-aluminum-inventories-and-copper-is-up-next.html"/>
	<rdf:li rdf:resource="http://wallstreetonparade.com/2013/04/elizabeth-warren%E2%80%99s-foreclosure-settlement-bombshell-banks-determined-the-number-of-victims-of-their-own-foreclosure-frauds/"/>
	<rdf:li rdf:resource="http://www.zerohedge.com/news/2013-03-06/chart-day-minimum-wage-non-recovery"/>
	<rdf:li rdf:resource="http://www.creditslips.org/creditslips/2013/03/why-the-independent-foreclosure-reviews-were-doomed-to-fail.html"/>
	<rdf:li rdf:resource="http://www.guardian.co.uk/commentisfree/2012/dec/29/fbi-coordinated-crackdown-occupy"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2012/11/the-lady-doth-protest-too-much-cbo-director-asks-for-a-chat-regarding-our-post-on-their-questionable-health-cost-increase-model.html"/>
	<rdf:li rdf:resource="http://krugman.blogs.nytimes.com/2012/11/10/more-on-invisible-bond-vigilantes/"/>
	<rdf:li rdf:resource="http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829?page=3"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2012/08/our-coming-rentcropper-society.html"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2012/08/moe-tkacik-student-debt-the-unconstitutional-40-year-war-on-students.html"/>
	<rdf:li rdf:resource="http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405"/>
	<rdf:li rdf:resource="http://harpers.org/archive/2012/01/0083752"/>
	<rdf:li rdf:resource="http://epicureandealmaker.blogspot.com/2012/03/three-crowd.html"/>
	<rdf:li rdf:resource="http://seekingalpha.com/article/285470-a-closer-look-at-ominous-consumer-credit-data?source=feed"/>
	<rdf:li rdf:resource="http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3"/>
	<rdf:li rdf:resource="http://www.creditslips.org/creditslips/2011/06/the-fed-bails-out-the-banksagain.html"/>
	<rdf:li rdf:resource="http://rortybomb.wordpress.com/2011/07/07/rents-versus-profits-in-the-financial-reform-battle-and-post-industrial-economy/"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2011/06/occ-gives-banks-another-blow-job.html"/>
	<rdf:li rdf:resource="http://www.thedailybeast.com/blogs-and-stories/2011-06-02/why-americas-pissed-cornel-west-robert-reich-and-more/"/>
	<rdf:li rdf:resource="http://www.calculatedriskblog.com/2011/05/walking-away-in-chicago.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2011/05/taibbi-us-politics-– reality-show-sponsored-by-wall-street.html"/>
	<rdf:li rdf:resource="http://openeconomicsnd.wordpress.com/2011/05/17/they-never-cared-about-unemployment/"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2011/05/guest-post-geithner-says-the-size-of-the-shock-was-larger-than-what-precipitated-the-great-depression”.html"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2011/05/feds-reviewed-only-100-foreclosure-files-in-servicer-whitewash.html"/>
	<rdf:li rdf:resource="http://economistsview.typepad.com/economistsview/2010/09/greed-may-not-be-good-for-the-economy-but-envy-is-worse.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+%28Economist%27s+View+%28EconomistsView%29%29"/>
	<rdf:li rdf:resource="http://economistsview.typepad.com/economistsview/2010/09/greed-may-not-be-good-for-the-economy-but-envy-is-worse.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))"/>
	<rdf:li rdf:resource="http://seekingalpha.com/article/222577-the-great-deleveraging-lie?source=feed"/>
	<rdf:li rdf:resource="http://www.overcomingbias.com/2010/07/arrogant-professionals.html"/>
	<rdf:li rdf:resource="http://dshort.com/articles/2010/total-return-comparison-01.html"/>
	<rdf:li rdf:resource="http://paul.kedrosky.com/archives/2010/08/trailer_for_ins.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+InfectiousGreed+(Paul+Kedrosky's+Infectious+Greed)"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2010/08/pimcos-crescenzi-gets-award-for-artless-candor.html"/>
	<rdf:li rdf:resource="http://www.angrybearblog.com/2010/08/is-joe-hill-finally-dead-ballad-of-joe.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+(Angry+Bear)"/>
	<rdf:li rdf:resource="http://www.common-place.org/vol-10/no-03/kreitner/"/>
	<rdf:li rdf:resource="http://economistsview.typepad.com/economistsview/2010/05/politicians-ignore-keynes-at-their-peril.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))"/>
	<rdf:li rdf:resource="http://www.newdeal20.org/2010/05/04/a-%E2%80%9Cmodest-proposal%E2%80%9D-for-capital-market-reform-close-down-rule-144a-10400/"/>
	<rdf:li rdf:resource="http://www.angrybearblog.com/2010/05/wall-street-lobbyists-view-of-financial.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+(Angry+Bear)"/>
	<rdf:li rdf:resource="http://www.themonkeycage.org/2010/05/why_dont_they_just_let_the_gre.html"/>
	<rdf:li rdf:resource="http://economistsview.typepad.com/economistsview/2010/04/caveat-emptor-is-not-a-business-plan.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))"/>
	<rdf:li rdf:resource="http://seekingalpha.com/article/198197-why-derivatives-caused-financial-crisis?source=feed"/>
	<rdf:li rdf:resource="http://voices.washingtonpost.com/ezra-klein/2010/04/how_financial_innovation_cause.html"/>
	<rdf:li rdf:resource="http://www.rollingstone.com/politics/story/32906678/looting_main_street/print"/>
	<rdf:li rdf:resource="http://www.aaronsw.com/weblog/whynojobs"/>
	<rdf:li rdf:resource="http://themediavore.posterous.com/more-on-lehmans-repo-105-trick"/>
	<rdf:li rdf:resource="http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/print"/>
	<rdf:li rdf:resource="http://seekingalpha.com/article/180032-australias-little-debt-obsession?source=feed"/>
	<rdf:li rdf:resource="http://www.nakedcapitalism.com/2009/12/is-blaming-aaa-investors-wall-street-serving-pr.html"/>
	<rdf:li rdf:resource="http://www.bloomberg.com/apps/news?pid=20601039&amp;sid=ahD2WoDAL9h0"/>
	<rdf:li rdf:resource="http://rortybomb.wordpress.com/2009/12/01/jackie-ramos-and-the-issue-of-fix-pay/"/>
	<rdf:li rdf:resource="http://jessescrossroadscafe.blogspot.com/2009/11/us-commercial-banks-turkeys-are-stuffed.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+JessesCafeAmericain+(Jesse's+Caf%C3%A9+Am%C3%A9ricain)"/>
	<rdf:li rdf:resource="http://jessescrossroadscafe.blogspot.com/2009/11/sp-500-volumes-and-cash-flows-fading.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+JessesCafeAmericain+(Jesse's+Caf%C3%A9+Am%C3%A9ricain)"/>
	<rdf:li rdf:resource="http://zenpundit.com/?p=3248"/>
	<rdf:li rdf:resource="http://seekingalpha.com/article/172060-regulating-wall-street-like-las-vegas-yes-we-can?source=feed"/>
	<rdf:li rdf:resource="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aGR4KXaGwxd8"/>
	<rdf:li rdf:resource="http://www.detnews.com/article/20090928/BIZ01/909280338/1010/Workers-discover-401(k)-plans-are-failing-them-in-retirement"/>
      </rdf:Seq>
    </items>
  </channel><item rdf:about="http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2014/11/the-cold-war-isnt-over.html">
    <title>Stumbling and Mumbling: The Cold War isn't over</title>
    <dc:date>2014-11-09T13:29:44+00:00</dc:date>
    <link>http://stumblingandmumbling.typepad.com/stumbling_and_mumbling/2014/11/the-cold-war-isnt-over.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Herein, though, lies a paradox. Although the cold warriors were fond of pointing out that centrally planned economies were a stupid idea, they didn't tell us that centrally planned firms were a bad one. Nor do they do so today, even though the evidence against them has grown substantially.

]]></description>
<dc:subject>worklife history-writ-in-the-present Cold-War political-economy models-and-modes politics financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:5af2ef8c318c/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:worklife"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:history-writ-in-the-present"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Cold-War"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:political-economy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:models-and-modes"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://crookedtimber.org/2014/01/22/new-old-keynesianism/">
    <title>New Old Keynesianism — Crooked Timber</title>
    <dc:date>2014-01-24T11:27:50+00:00</dc:date>
    <link>http://crookedtimber.org/2014/01/22/new-old-keynesianism/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[I haven’t said much about the other side of the debate: the New Classical/Chicago/austerity camp. That’s because, on this as on most issues (climate science, energy, environmental hazards etc), the political right has immunised itself against evidence that conflicts with its desired views. The difference between economics and the natural sciences is that natural scientists have almost uniformly rejected the Republican/right position (around 6 per cent of scientists identify as Republicans). By contrast, in economics, there are plenty of Nobel prizewinners (yes, yes I know) on both sides.

]]></description>
<dc:subject>economics public-policy theory-and-practice-sitting-in-a-tree bankers-should-start-avoiding-lampposts-right-about-now financial-crisis</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:139ef66abc16/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:theory-and-practice-sitting-in-a-tree"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.thenation.com/article/177965/wall-street-group-aggressively-lobbied-federal-agency-thwart-eminent-domain-plans">
    <title>Wall Street Group Aggressively Lobbied a Federal Agency to Thwart Eminent Domain Plans | The Nation</title>
    <dc:date>2014-01-17T23:34:20+00:00</dc:date>
    <link>http://www.thenation.com/article/177965/wall-street-group-aggressively-lobbied-federal-agency-thwart-eminent-domain-plans</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[SIFMA’s concern is not the plight of these cities—but rather the time and money SIFMA has lost fighting eminent domain plans. In the February 15 e-mail, Dorfman writes to Pollard about eminent domain plans in Brockton and in Phoenix, Arizona: “One of the City Council members has found a messianic calling in the eminent domain scheme, so we are once again investing time and resources in this matter,” time that he laments should instead be focused on the “flurry of regulatory activity derived from Dodd Frank.”

]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now I've-got-no-other-tags-to-add</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:a0016e07cd4d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:I've-got-no-other-tags-to-add"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nytimes.com/2013/12/27/opinion/krugman-the-fear-economy.html?_r=0">
    <title>The Fear Economy - NYTimes.com</title>
    <dc:date>2014-01-01T12:54:48+00:00</dc:date>
    <link>http://www.nytimes.com/2013/12/27/opinion/krugman-the-fear-economy.html?_r=0</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Is there any evidence that this is happening? And how. The economic recovery has, as I said, been weak and inadequate, but all the burden of that weakness is being borne by workers. Corporate profits plunged during the financial crisis, but quickly bounced back, and they continued to soar. Indeed, at this point, after-tax profits are more than 60 percent higher than they were in 2007, before the recession began. We don’t know how much of this profit surge can be explained by the fear factor — the ability to squeeze workers who know that they have no place to go. But it must be at least part of the explanation. In fact, it’s possible (although by no means certain) that corporate interests are actually doing better in a somewhat depressed economy than they would if we had full employment.

]]></description>
<dc:subject>economics financial-crisis employment bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:32637ec37c2f/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:employment"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.zerohedge.com/news/2013-12-31/when-risk-separated-gain-system-doomed">
    <title>When Risk Is Separated From Gain, The System Is Doomed | Zero Hedge</title>
    <dc:date>2014-01-01T12:25:30+00:00</dc:date>
    <link>http://www.zerohedge.com/news/2013-12-31/when-risk-separated-gain-system-doomed</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[I suspect 2014 will be the year--after five long years of the same battle plan--that the total and complete failure of this strategy will be revealed to all. The Fed and Obama administration are steaming their flagships toward the booming guns on the horizon, confident of victory even as the undetected squadrons of risk are high above, setting their bombsites on the foaming white wakes of hubris below.
]]></description>
<dc:subject>financial-crisis bankers-should-start-avoiding-lampposts-right-about-now I-tend-to-agree</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:bd218479529c/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:I-tend-to-agree"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2013/11/yanis-varoufakis-ponzi-austerity-a-definition-and-an-example.html">
    <title>Yanis Varoufakis: Ponzi Austerity – A Definition and an Example « naked capitalism</title>
    <dc:date>2013-11-16T19:07:59+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2013/11/yanis-varoufakis-ponzi-austerity-a-definition-and-an-example.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Ponzi austerity is the inverse of Ponzi growth. Whereas in standard Ponzi (growth) schemes the lure is the promise of a growing fund, in the case of Ponzi austerity the attraction to bankrupted participants is the promise of reducing their debt, so as to liberate them from insolvency, through a combination of ‘belt tightening’, austerity measures and new loans that provide the bankrupt with necessary funds for repaying maturing debts (e.g. bonds). As it is impossible to escape insolvency in this manner, Ponzi austerity schemes, just like Ponzi growth schemes, necessitate a constant influx of new capital to support the illusion that bankruptcy has been averted. But to attract this capital, the Ponzi austerity’s operators must do their utmost to maintain the façade of genuine debt reduction.

]]></description>
<dc:subject>financial-crisis politics public-policy bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:69dd1a3a5938/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2013/08/david-dayen-regulatory-apparatus-to-provide-full-employment-for-chroniclers-of-future-bailouts-as-useless-mortgage-origination-rules-introduced.html">
    <title>David Dayen: Regulatory Apparatus To Provide Full Employment For Chroniclers of Future Bailouts, as Useless Mortgage Origination Rules Introduced « naked capitalism</title>
    <dc:date>2013-08-31T10:31:28+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2013/08/david-dayen-regulatory-apparatus-to-provide-full-employment-for-chroniclers-of-future-bailouts-as-useless-mortgage-origination-rules-introduced.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[As for regulation inhibiting private capital, it’s really quite the opposite. The wild west show that is private label securitization has kept private investors away from the market for the last five years. Further deregulation will only cement that wariness.

]]></description>
<dc:subject>financial-crisis corporatism bankers-should-start-avoiding-lampposts-right-about-now public-policy regulation</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:89c0c93703f0/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:corporatism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.strikemag.org/bullshit-jobs/">
    <title>On the Phenomenon of Bullshit Jobs | Strike! Magazine</title>
    <dc:date>2013-08-20T23:36:06+00:00</dc:date>
    <link>http://www.strikemag.org/bullshit-jobs/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[But rather than allowing a massive reduction of working hours to free the world’s population to pursue their own projects, pleasures, visions, and ideas, we have seen the ballooning not even so much of the “service” sector as of the administrative sector, up to and including the creation of whole new industries like financial services or telemarketing, or the unprecedented expansion of sectors like corporate law, academic and health administration, human resources, and public relations. And these numbers do not even reflect on all those people whose job is to provide administrative, technical, or security support for these industries, or for that matter the whole host of ancillary industries (dog-washers, all-night pizza deliverymen) that only exist because everyone else is spending so much of their time working in all the other ones.

These are what I propose to call “bullshit jobs.”

]]></description>
<dc:subject>economics bankers-should-start-avoiding-lampposts-right-about-now choose-your-own-transition-metaphor</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:e17e48779e09/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:choose-your-own-transition-metaphor"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.salon.com/2013/08/12/your_mortgage_documents_are_fake/">
    <title>Your mortgage documents are fake! - Salon.com</title>
    <dc:date>2013-08-13T21:50:09+00:00</dc:date>
    <link>http://www.salon.com/2013/08/12/your_mortgage_documents_are_fake/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Now that it’s unsealed, Szymoniak, as the named plaintiff, can go forward and prove the case. Along with her legal team (which includes the law firm of Grant & Eisenhoffer, which has recovered more money under the False Claims Act than any firm in the country), Szymoniak can pursue discovery and go to trial against the rest of the named defendants, including HSBC, the Bank of New York Mellon, Deutsche Bank and US Bank.

The expenses of the case, previously borne by the government, now are borne by Szymoniak and her team, but the percentages of recovery funds are also higher. “I’m really glad I was part of collecting this money for the government, and I’m looking forward to going through discovery and collecting the rest of it,” Szymoniak told Salon.

It’s good that the case remains active, because the $95 million settlement was a pittance compared to the enormity of the crime. By the end of 2009, private mortgage-backed securities trusts held one-third of all residential mortgages in the U.S. That means that tens of millions of home mortgages worth trillions of dollars have no legitimate underlying owner that can establish the right to foreclose. This hasn’t stopped banks from foreclosing anyway with false documents, and they are often successful, a testament to the breakdown of law in the judicial system. But to this day, the resulting chaos in disentangling ownership harms homeowners trying to sell these properties, as well as those trying to purchase them. And it renders some properties impossible to sell.

]]></description>
<dc:subject>financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:f517ae1621bd/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2013/07/how-goldman-made-5-billion-by-manipulating-aluminum-inventories-and-copper-is-up-next.html">
    <title>How Goldman Made $5 Billion By Manipulating Aluminum Inventories (and Copper is Up Next) « naked capitalism</title>
    <dc:date>2013-07-21T13:55:12+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2013/07/how-goldman-made-5-billion-by-manipulating-aluminum-inventories-and-copper-is-up-next.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[The Times’s sources estimate the price impact across the market at 6 cents per pound, which adds $12 to the price of a typical car. Goldman piously claims it obey all the rules, but obeying the rules is far from operating in a fair or pro-customer manner. Metro’s inventories ballooned from 50,000 tons in 2008 to 850,000 tons in 2010. By 2011, Coca Cola complained to the London Metals Exchange, which attempted to address the situation by increasing the amount that warehouses must ship daily from 1,500 tons to 3,000 tons. But all that appears to have taken place is that Goldman simply shuffles more inventory among the 27 Metro warehouses while thumbing its nose at the LME (its inventories have almost doubled again from the 2010 levels, standing at 1.5 million tons).

]]></description>
<dc:subject>financial-engineering indeed bankers-should-start-avoiding-lampposts-right-about-now journalism</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:e75f5287a41d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-engineering"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:indeed"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:journalism"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://wallstreetonparade.com/2013/04/elizabeth-warren%E2%80%99s-foreclosure-settlement-bombshell-banks-determined-the-number-of-victims-of-their-own-foreclosure-frauds/">
    <title>Elizabeth Warren’s Foreclosure Settlement Bombshell: Banks Determined the Number of Victims of Their Own Foreclosure Frauds</title>
    <dc:date>2013-04-16T12:13:51+00:00</dc:date>
    <link>http://wallstreetonparade.com/2013/04/elizabeth-warren%E2%80%99s-foreclosure-settlement-bombshell-banks-determined-the-number-of-victims-of-their-own-foreclosure-frauds/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[A call to the Office of the Comptroller of the Currency confirmed that the OCC and the Federal Reserve allowed the banks to determine who had been harmed and in what manner. The OCC said it “spot checked” the work by the banks. When asked how the results could be legitimate if only 100,000 foreclosure files out of 4 million had been reviewed for errors or fraud, not a large enough amount to be a statistically reliable sample, the OCC spokesperson said the injuries were only hypothetical and might have happened. 

Indeed, the agreements negotiated between the regulators and the banks state that “the amount of any payments to borrowers made pursuant to this Amendment to the Consent Order do not in any manner reflect specific financial injury or harm that may have been suffered by borrowers receiving payments…” 

It has been previously reported that, cumulatively, seven outside consultants hired by the banks received $2 billion in consultant fees. Senator Sherrod Brown asked the witnesses from Deloitte, Pricewaterhouse Coopers and Promontory to provide specifics on their fees. Only Flanagan from Pricewaterhouse Coopers answered the question. The firm was paid $175 million by Citigroup; $190 million by U.S. Bank; and $60 million by Suntrust Bank. That compares to the cash the three banks agreed to pay to foreclosure victims as follows: Citigroup will pay $306,574,179; U.S. Bank will pay $80,060,193; and Suntrust will pay potential victims $62,555,947. 

]]></description>
<dc:subject>financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:d8680ff945e5/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.zerohedge.com/news/2013-03-06/chart-day-minimum-wage-non-recovery">
    <title>Chart Of The Day: The Minimum-Wage (Non) Recovery | Zero Hedge</title>
    <dc:date>2013-03-07T11:09:15+00:00</dc:date>
    <link>http://www.zerohedge.com/news/2013-03-06/chart-day-minimum-wage-non-recovery</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Recent analysis of current population survey data by the National Employment Law Project shows that 60 percent of job losses during the Great Recession were among middle-wage earners, with low-wage earners accounting for only 21 percent of job losses. During the recovery, those numbers have been flipped; only 22 percent of job growth occurred in the middle-wage occupations while 58 percent of job gains were for low-wage occupations.]]></description>
<dc:subject>economic-crisis public-policy economics bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:5d9a0e1f179d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.creditslips.org/creditslips/2013/03/why-the-independent-foreclosure-reviews-were-doomed-to-fail.html">
    <title>Why the Independent Foreclosure Reviews Were Doomed to Fail - Credit Slips</title>
    <dc:date>2013-03-04T12:40:46+00:00</dc:date>
    <link>http://www.creditslips.org/creditslips/2013/03/why-the-independent-foreclosure-reviews-were-doomed-to-fail.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[At this point, the foreclosure remediation situation is so bollixed up, that I can't see any satisfactory resolution. I take some comfort in perhaps optimistically thinking that the great foreclosure cover-up might be the last gasp of the pre-CFPB age of bank regulation; hopefully the dynamics of regulation have changed sufficiently that we will not see something like the independent foreclosure review process emerge again. I wonder, though, will the prudential bank regulators ever learn that they cannot keep dealing with banks through ad hoc, informal processes if they want political legitmacy?  Do they even care? And if not, can we make them? 

]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now financial-crisis public-policy foxes-and-henhouses</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:ae9ee7092b65/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:foxes-and-henhouses"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.guardian.co.uk/commentisfree/2012/dec/29/fbi-coordinated-crackdown-occupy">
    <title>Revealed: how the FBI coordinated the crackdown on Occupy | Naomi Wolf | Comment is free | guardian.co.uk</title>
    <dc:date>2012-12-30T10:33:03+00:00</dc:date>
    <link>http://www.guardian.co.uk/commentisfree/2012/dec/29/fbi-coordinated-crackdown-occupy</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[The documents show stunning range: in Denver, Colorado, that branch of the FBI and a "Bank Fraud Working Group" met in November 2011 – during the Occupy protests – to surveil the group. The Federal Reserve of Richmond, Virginia had its own private security surveilling Occupy Tampa and Tampa Veterans for Peace and passing privately-collected information on activists back to the Richmond FBI, which, in turn, categorized OWS activities under its "domestic terrorism" unit. The Anchorage, Alaska "terrorism task force" was watching Occupy Anchorage. The Jackson, Michigan "joint terrorism task force" was issuing a "counterterrorism preparedness alert" about the ill-organized grandmas and college sophomores in Occupy there. Also in Jackson, Michigan, the FBI and the "Bank Security Group" – multiple private banks – met to discuss the reaction to "National Bad Bank Sit-in Day" (the response was violent, as you may recall). The Virginia FBI sent that state's Occupy members' details to the Virginia terrorism fusion center. The Memphis FBI tracked OWS under its "joint terrorism task force" aegis, too. And so on, for over 100 pages.

]]></description>
<dc:subject>Occupy bankers-should-start-avoiding-lampposts-right-about-now FOIA public-policy the-Man</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:9b2a900018a0/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Occupy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:FOIA"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:the-Man"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2012/11/the-lady-doth-protest-too-much-cbo-director-asks-for-a-chat-regarding-our-post-on-their-questionable-health-cost-increase-model.html">
    <title>The Lady Doth Protest Too Much: CBO Director Asks for a Chat Regarding Our Post on Their Questionable Health Cost Increase Model « naked capitalism</title>
    <dc:date>2012-11-12T10:54:59+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2012/11/the-lady-doth-protest-too-much-cbo-director-asks-for-a-chat-regarding-our-post-on-their-questionable-health-cost-increase-model.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["But to get a sense of what is at stake, if you read the newest CBO document on the deficit, it is not a dispassionate analysis of budget math alternatives. This is an advocacy document. It has the tone, the use of overly simplified language (below 8th grade level, which is the level used to spoon feed journalists, as opposed to higher reading levels that you see in other types of reports. Contrast both the look and the writing style with this FHFA Inspector General report, as an example: text paragraphs, no nice bullet points and generous use of white space, not much coddling of the reader)."]]></description>
<dc:subject>public-policy economics politics financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:674ba1e17f15/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://krugman.blogs.nytimes.com/2012/11/10/more-on-invisible-bond-vigilantes/">
    <title>More on Invisible Bond Vigilantes - NYTimes.com</title>
    <dc:date>2012-11-11T13:31:44+00:00</dc:date>
    <link>http://krugman.blogs.nytimes.com/2012/11/10/more-on-invisible-bond-vigilantes/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["But even if we accept the bait-and-switch, from fiscal cliffery to fear of what will happen if we don’t have a Grand Bargain now now now; and even if we ignore the likely market reaction to a Moody’s downgrade, which would probably be a collective yawn (remember that absolutely nothing happened when S&P weighed in); the logic is still wrong. Even if Moody’s succeeded in scaring people, this would mean a weaker dollar rather than soaring rates — and this would be good, not bad, for the US economy."]]></description>
<dc:subject>economics public-policy economic-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:bf06c6a3a2df/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829?page=3">
    <title>Greed and Debt: The True Story of Mitt Romney and Bain Capital | Politics News | Rolling Stone</title>
    <dc:date>2012-08-31T12:27:29+00:00</dc:date>
    <link>http://www.rollingstone.com/politics/news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-20120829?page=3</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Take a typical Bain transaction involving an Indiana-based company called American Pad and Paper. Bain bought Ampad in 1992 for just $5 million, financing the rest of the deal with borrowed cash. Within three years, Ampad was paying $60 million in annual debt payments, plus an additional $7 million in management fees. A year later, Bain led Ampad to go public, cashed out about $50 million in stock for itself and its investors, charged the firm $2 million for arranging the IPO and pocketed another $5 million in "management" fees. Ampad wound up going bankrupt, and hundreds of workers lost their jobs, but Bain and Romney weren't crying: They'd made more than $100 million on a $5 million investment.

To recap: Romney, who has compared the devilish federal debt to a "nightmare" home mortgage that is "adjustable, no-money down and assigned to our children," took over Ampad with essentially no money down, saddled the firm with a nightmare debt and assigned the crushing interest payments not to Bain but to the children of Ampad's workers, who would be left holding the note long after Romney fled the scene. The mortgage analogy is so obvious, in fact, that even Romney himself has made it. He once described Bain's debt-fueled strategy as "using the equivalent of a mortgage to leverage up our investment."

]]></description>
<dc:subject>capitalism politics corporatism bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:733bbf292363/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:capitalism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:corporatism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2012/08/our-coming-rentcropper-society.html">
    <title>Our Coming Rentcropper Society « naked capitalism</title>
    <dc:date>2012-08-22T06:02:22+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2012/08/our-coming-rentcropper-society.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Debt is not just a credit instrument, it is an instrument of political and economic control.

It’s actually baked into our culture. The phrase ‘the man’, as in ‘fight the man’, referred originally to creditors. ‘The man’ in the 19th century stood for ‘furnishing man’, the merchant that sold 19th century sharecroppers and Southern farmers their supplies for the year, usually on credit. Farmers, often illiterate and certainly unable to understand the arrangements into which they were entering, were charged interest rates of 80-100 percent a year, with a lien places on their crops. When approaching a furnishing agent, who could grant them credit for seeds, equipment, even food itself, a farmer would meekly look down nervously as his debts were marked down in a notebook. At the end of a year, due to deflation and usury, farmers usually owed more than they started the year owing. Their land was often forfeit, and eventually most of them became tenant farmers…

[W]e are in the midst of creating a second sharecropper society..Today, the debts do not involve liens against crops. People in modern America carry student loans, credit card debt, and mortgages…Young people and what only cynics might call ‘homeowners’ have no choice but to jump on the treadmill of debt, as debtcroppers. The goal is not to have them pay off their debts, but to owe forever. Whatever a debtcropper owes, a wealthy creditor owns. And as a bonus, the heavier the debt burden of American citizenry, the less able we are able to organize and claim our democratic rights as citizens. Debtcroppers don’t start companies and innovate, they don’t take chances, and they don’t claim their political rights."]]></description>
<dc:subject>politics financial-crisis bankers-should-start-avoiding-lampposts-right-about-now debt</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:eeae1fcbe6dd/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:debt"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2012/08/moe-tkacik-student-debt-the-unconstitutional-40-year-war-on-students.html">
    <title>Moe Tkacik: Student Debt – The Unconstitutional 40 Year War on Students « naked capitalism</title>
    <dc:date>2012-08-16T12:08:39+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2012/08/moe-tkacik-student-debt-the-unconstitutional-40-year-war-on-students.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["The human toll exacted by this immortal justice-resistant debt fills websites and Student Loan Justice founder Alan Collinge’s horrifying book Student Loan Scam: The Most Oppressive Debt In U.S. History—And How We Can Fight Back. And yet I didn’t even really know about it—not the brutality or the scope of it, anyway—until I volunteered to research “fighting back” possibilities for an Occupy Wall Street affiliated group. Neither did any of the other predatory lending buffs I polled; we’d been preoccupied by mortgages, and the government’s alarming indifference to the foreclosure epidemic.

We weren’t ultimately aware of the student loan crisis because there is no legal way of fighting back—or by extension, posing any sort of immediate threat to the solvency of the financial system. Under the current regime, the most effective means of sticking it to the proverbial man would in theory be for all students to simply pay off all their debts at once. But even if they could scrounge together a trillion dollars out of their collective couches just like that, there is little doubt in my mind that Sallie Mae and its student loan-sharking brethren would simply see it as an opportunity to levy a massive prepayment penalty. (The internet is a rich trove of surreal personal accounts of being penalized for over-paying their student loan bills.) But no one notices, because student borrowers are so utterly powerless they can borrow a trillion dollars and never pose a threat to the financial system."]]></description>
<dc:subject>public-policy bankers-should-start-avoiding-lampposts-right-about-now financial-crisis revolution-targets</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:6c17b99addda/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:revolution-targets"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405">
    <title>The Great American Bubble Machine | Politics News | Rolling Stone</title>
    <dc:date>2012-08-10T12:21:41+00:00</dc:date>
    <link>http://www.rollingstone.com/politics/news/the-great-american-bubble-machine-20100405</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["The bank's unprecedented reach and power have enabled it to turn all of America into a giant pump-and-dump scam, manipulating whole economic sectors for years at a time, moving the dice game as this or that market collapses, and all the time gorging itself on the unseen costs that are breaking families everywhere — high gas prices, rising consumer credit rates, half-eaten pension funds, mass layoffs, future taxes to pay off bailouts. All that money that you're losing, it's going somewhere, and in both a literal and a figurative sense, Goldman Sachs is where it's going: The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals."]]></description>
<dc:subject>Goldman-Sachs financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:9d7b3b83834d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Goldman-Sachs"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://harpers.org/archive/2012/01/0083752">
    <title>CHRISTOPHER KETCHAM—Stop payment! A homeowners' revolt against the banks</title>
    <dc:date>2012-06-02T10:56:55+00:00</dc:date>
    <link>http://harpers.org/archive/2012/01/0083752</link>
    <dc:creator>Vaguery</dc:creator><dc:subject>via:bkerr financial-crisis bankers-should-start-avoiding-lampposts-right-about-now cultural-dynamics rebellion</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:d7cfabf4a15e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:via:bkerr"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:cultural-dynamics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:rebellion"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://epicureandealmaker.blogspot.com/2012/03/three-crowd.html">
    <title>The Epicurean Dealmaker: Three’s a Crowd</title>
    <dc:date>2012-03-21T11:14:25+00:00</dc:date>
    <link>http://epicureandealmaker.blogspot.com/2012/03/three-crowd.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["The tension arises from the fact that it is often more profitable to rip a customer’s face off in the short term than to defer potentially larger profit opportunities with the same client in the long term. When bankers whose personal franchises, careers, and compensation depends on the former are evenly balanced with bankers whose interests are aligned with the latter, an investment bank perches profitably if precariously on the knife’s edge of sustainable profitability. Notwithstanding industry critics’ perception that all investment bankers are all looking for a quick and easy score, those of us who actually work in the relationship side of the business know that our best personal outcome depends on a sustained career success lasting over a decade or more. Unlike, perhaps, traders who transact daily with equally ruthless hedge fund counterparties on a no-regrets, no-grudges basis, bankers like me in corporate finance and M&A transact with the same limited universe of clients year-in and year-out. We simply cannot afford to screw them over, because they do hold a grudge."]]></description>
<dc:subject>cultural-dynamics financial-crisis bankers-should-start-avoiding-lampposts-right-about-now exploration-and-exploitation corporatism employment-as-self-definition</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:eb5e8ee46016/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:cultural-dynamics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:exploration-and-exploitation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:corporatism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:employment-as-self-definition"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://seekingalpha.com/article/285470-a-closer-look-at-ominous-consumer-credit-data?source=feed">
    <title>A Closer Look at Ominous Consumer Credit Data - Seeking Alpha</title>
    <dc:date>2011-08-29T11:40:06+00:00</dc:date>
    <link>http://seekingalpha.com/article/285470-a-closer-look-at-ominous-consumer-credit-data?source=feed</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Thus the most logical interpretation is that as other sources of cash are drying up – jobs, equity lines, etc. -- consumers are now turning to credit cards for basic expenses, and as credit lines become exhausted another round of defaults is in store. Some may say that cash sales are not reflected in the data, but the American way of life and the core economic engine has been plastic-based for as long as we can remember, and is not about to change anytime soon."]]></description>
<dc:subject>economic-crisis credit-cards financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:6e51f52d6b17/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:credit-cards"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3">
    <title>The Fed Audit - Newsroom: U.S. Senator Bernie Sanders (Vermont)</title>
    <dc:date>2011-07-22T00:05:52+00:00</dc:date>
    <link>http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["To Sanders, the conclusion is simple. "No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed's board of directors or be employed by the Fed," he said.

The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. "The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street.""]]></description>
<dc:subject>corporatism financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:aab0604c984c/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:corporatism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.creditslips.org/creditslips/2011/06/the-fed-bails-out-the-banksagain.html">
    <title>The Fed Bails Out the Banks...Again - Credit Slips</title>
    <dc:date>2011-07-08T11:34:03+00:00</dc:date>
    <link>http://www.creditslips.org/creditslips/2011/06/the-fed-bails-out-the-banksagain.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["The lesson here is that if we want serious regulation of banks, we can't trust it to be done by bank regulators. We've seen the Fed and the OCC time and time again bend over backwards to let the banks out of statutory requirements. We've seen this with inaction (HOEPA regs), with aggressive preemption (and OCC is back to its old tricks...).

And this isn't just in the realm of consumer finance. This is also in the safety and soundness area. I'm not talking about stretched interpretations of section 13(3) of the Federal Reserve Act. I'm talking about affiliate transaction rules and Prompt Corrective Action, cornerstones of the safety-and-soundness regime. Saule Omarova has a great paper that shows how the Fed granted affiliate transaction waivers like a drunken sailor during the financial crisis.  Those were rules that went back to 1932-33 as part of Glass-Steagal.  

And remember Prompt Corrective Action? That was a response to all of the Federal Home Loan Bank Board's screw ups during the S&L crisis (Who you say? There's a reason the FHLBB doesn't exist any more...). PCA is clear of a bunch of tripwires as you can get. The whole point was to make sure that the bank regulators regulated, not coddled. But Bernanke announced that he was suspending PCA for the banks during the financial crisis. Only after the stress tests cleared the big banks did PCA get applied to the small banks, and with a vengance. What a sorry state of the world we live in where the bank regulators are the last people we can trust to actually regulate the banks. "]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now public-policy legislation financial-crisis banking corporatism</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:33bc9a5420a8/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:legislation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:corporatism"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://rortybomb.wordpress.com/2011/07/07/rents-versus-profits-in-the-financial-reform-battle-and-post-industrial-economy/">
    <title>Rents versus Profits in the Financial Reform Battle and Post-Industrial Economy | Rortybomb</title>
    <dc:date>2011-07-08T11:28:09+00:00</dc:date>
    <link>http://rortybomb.wordpress.com/2011/07/07/rents-versus-profits-in-the-financial-reform-battle-and-post-industrial-economy/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Much of the modernization that Marx triumphed was a victory of profit-makers over rent-holders. What Hardt argues is that, as the economy becomes more and more about information, the crucial ends of capital holders is to take things that could belong to the commons and instead appropriate them as property rights and sell them off. The implies a prioritization of rent-holders over profit-makers in terms of power over the economy (also implying a regression back from the future that Marx thought would come after profit-makers – take that Hegelian Marxism!).

If we look at some of the major economic battles taking place, they are over patents, how the risks and rewards of large, systemically important public-utility style financial institutions are distributed and who gets to control the residual over the delegated ends of the government with the mad rush for the privatization of government resources and responsibilities. These are all, in some way, about rents. And the battle over these will determine a lot about who gains in the future of the economy.

As such, they are the only place where the financial sector and the real economy fight it out."]]></description>
<dc:subject>financial-crisis bankers-should-start-avoiding-lampposts-right-about-now intellectual-property rent-seeking</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:9b1f5c8e6156/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:intellectual-property"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:rent-seeking"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2011/06/occ-gives-banks-another-blow-job.html">
    <title>OCC Gives Banks Another Blow Job « naked capitalism</title>
    <dc:date>2011-06-22T10:29:05+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2011/06/occ-gives-banks-another-blow-job.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[Mr Levin said: “It is past time for the president to nominate new leadership at the OCC to protect American families and businesses from the excesses of Wall Street.”

]]></description>
<dc:subject>financial-crisis public-policy bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:df01997e13cc/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.thedailybeast.com/blogs-and-stories/2011-06-02/why-americas-pissed-cornel-west-robert-reich-and-more/">
    <title>Why America’s Pissed: Cornel West, Robert Reich and More - The Daily Beast</title>
    <dc:date>2011-06-05T16:32:41+00:00</dc:date>
    <link>http://www.thedailybeast.com/blogs-and-stories/2011-06-02/why-americas-pissed-cornel-west-robert-reich-and-more/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["First thing we've got to do is tell the truth. We live in an age where lies are just ubiquitous. The biggest lies are that free markets are self-corrective, that individuals are rich because they're smart, and that somehow America became great because of economic growth as opposed to the moral courage of the citizens of all colors to fight for freedom. We need a democratic awakening. We need organizing, mobilizing. We need to be willing to take a risk to change the world. The Obama moment of hope is over. "]]></description>
<dc:subject>economic-crisis commentary Cornell-West bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:7d12dd056d0e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:commentary"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Cornell-West"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.calculatedriskblog.com/2011/05/walking-away-in-chicago.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29">
    <title>Calculated Risk: Walking Away in Chicago</title>
    <dc:date>2011-05-26T13:17:14+00:00</dc:date>
    <link>http://www.calculatedriskblog.com/2011/05/walking-away-in-chicago.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["…These properties with large negative equity positions are like ticking time bombs for the banks. Eventually these owners will grew tired of the monthly loss, and try to take action. Corelogic reported there were 11.1 million properties with negative equity at the end of last year, and close to 5 million properties with more than 25% negative equity."]]></description>
<dc:subject>financial-crisis housing-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:790b0b5a2705/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:housing-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2011/05/taibbi-us-politics-– reality-show-sponsored-by-wall-street.html">
    <title>Taibbi: “US Politics – Reality Show Sponsored by Wall Street” « naked capitalism</title>
    <dc:date>2011-05-26T13:10:59+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2011/05/taibbi-us-politics-– reality-show-sponsored-by-wall-street.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Taibbi discusses the lack of financial reform and failure to prosecute Wall Street…"]]></description>
<dc:subject>financial-crisis public-policy economics bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:bc1b04100c25/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://openeconomicsnd.wordpress.com/2011/05/17/they-never-cared-about-unemployment/">
    <title>They Never Cared About Unemployment « Open Economics</title>
    <dc:date>2011-05-20T12:35:47+00:00</dc:date>
    <link>http://openeconomicsnd.wordpress.com/2011/05/17/they-never-cared-about-unemployment/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["What’s striking, though, is that even in January of 2010, when unemployment was over 10%, deficits received equal mention as unemployment. The media is certainly culpable here, but I’m guessing that their headlines are driven by the political discussion, which since the passage of the stimulus has been entirely warped. Goes to show that our political leaders, and the media by extension, will never give unemployment the attention it deserves."]]></description>
<dc:subject>economic-crisis financial-crisis politics unemployment bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:1ec8c2458fb2/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:unemployment"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2011/05/guest-post-geithner-says-the-size-of-the-shock-was-larger-than-what-precipitated-the-great-depression”.html">
    <title>Guest Post: Geithner Says “The Size Of The Shock Was Larger Than What Precipitated The Great Depression” « naked capitalism</title>
    <dc:date>2011-05-20T12:11:15+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2011/05/guest-post-geithner-says-the-size-of-the-shock-was-larger-than-what-precipitated-the-great-depression”.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["…(So the shock was even bigger than the one leading up to the Depression because Geithner and his buddies helped blow the bubble and try to cover up wrongdoing on Wall Street.)

Geithner has been equally bad as Treasury boss. Indeed, there is hardly a single independent economist who thinks he has been responding appropriately to the economic crisis.

Sorry to say, but Geithner has long been a yes-man to the powers-that-be, who ships pallets of money wherever he is told without question or any follow-up or tracking whatsoever.

Even worse, Geithner has been called an idiot by Nassim Taleb and a “con man” by Time Magazine.

No wonder we’re going to eventually have another crash …

And because Geithner (along with Bernanke) have insisted that the big banks be bailed out at Main Street’s expense, that the status quo be protected instead of reformed, and that the U.S. insure the debts of the too big to fails, the next crisis will be even bigger than the last."]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now financial-crisis this-will-end-badly</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:c37968f8631d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:this-will-end-badly"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2011/05/feds-reviewed-only-100-foreclosure-files-in-servicer-whitewash.html">
    <title>Feds Reviewed Only 100 Foreclosure Files in Servicer Whitewash « naked capitalism</title>
    <dc:date>2011-05-14T13:04:04+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2011/05/feds-reviewed-only-100-foreclosure-files-in-servicer-whitewash.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA[We were already very unhappy about the fact that the review was conducted on 2800 mortgage files across 14 servicers and there seemed to be no scientific process for how the cases were selected. The GAO signaled it had reservations about the exercise. And no wonder. Not only was it a garbage-in, garbage out process (whether the borrowers were delinquent was based on the servicers’ say so, not any analysis to see if the fees, charges, and applications of payments were in compliance with the law and the various agreements), it effectively said pretty much all foreclosures were warranted when it looked at only 100 completed foreclosures:

]]></description>
<dc:subject>economic-crisis bankers-should-start-avoiding-lampposts-right-about-now government regulation</dc:subject>
<dc:source>https://pinboard.in/</dc:source>
<dc:identifier>https://pinboard.in/u:Vaguery/b:8f0c323c77b2/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:government"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://economistsview.typepad.com/economistsview/2010/09/greed-may-not-be-good-for-the-economy-but-envy-is-worse.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+%28Economist%27s+View+%28EconomistsView%29%29">
    <title>Economist's View: &quot;Greed May Not be Good for the Economy, but Envy is Worse&quot;</title>
    <dc:date>2010-09-27T11:21:01+00:00</dc:date>
    <link>http://economistsview.typepad.com/economistsview/2010/09/greed-may-not-be-good-for-the-economy-but-envy-is-worse.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+%28Economist%27s+View+%28EconomistsView%29%29</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["People aren't envious, they are frustrated and furious with a system that causes them to lose equity in their homes, have their retirement funds evaporate, have their employment prospects plummet, while at the same time bailing out those at the top who caused the problems.…"]]></description>
<dc:subject>Christianity business-culture financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:087d86dc2462/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Christianity"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:business-culture"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://economistsview.typepad.com/economistsview/2010/09/greed-may-not-be-good-for-the-economy-but-envy-is-worse.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))">
    <title>Economist's View: &quot;Greed May Not be Good for the Economy, but Envy is Worse&quot;</title>
    <dc:date>2010-09-27T11:21:01+00:00</dc:date>
    <link>http://economistsview.typepad.com/economistsview/2010/09/greed-may-not-be-good-for-the-economy-but-envy-is-worse.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["People aren't envious, they are frustrated and furious with a system that causes them to lose equity in their homes, have their retirement funds evaporate, have their employment prospects plummet, while at the same time bailing out those at the top who caused the problems.…"
]]></description>
<dc:subject>Christianity business-culture financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:1b8fa2864e72/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Christianity"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:business-culture"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://seekingalpha.com/article/222577-the-great-deleveraging-lie?source=feed">
    <title>The Great Deleveraging Lie -- Seeking Alpha</title>
    <dc:date>2010-08-27T12:42:50+00:00</dc:date>
    <link>http://seekingalpha.com/article/222577-the-great-deleveraging-lie?source=feed</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["So, let’s get down to the nitty gritty. If consumer debt was $13.8 trillion at the end of 2008 and the banks have since written off 5.66% of that debt, total write-offs were $800 billion. If total consumer debt now sits at $13.5 trillion, then consumers have actually taken on $500 billion of additional debt since the end of 2008. The consumer hasn’t cut back at all. They are still spending and borrowing. It is beyond my comprehension that no one on CNBC or in the other mainstream media can do simple math to figure out that the deleveraging story is just a Big Lie."
]]></description>
<dc:subject>financial-crisis credit-cards bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:8cf9d74aa4e1/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:credit-cards"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.overcomingbias.com/2010/07/arrogant-professionals.html">
    <title>Overcoming Bias : Arrogant Professionals</title>
    <dc:date>2010-08-24T13:22:04+00:00</dc:date>
    <link>http://www.overcomingbias.com/2010/07/arrogant-professionals.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["I strongly suspect these patterns are driven mostly by customers, i.e., that more accurate professionals would be less successful in inspiring confidence by others in them.  If you are a successful professional, that is probably in part because of your unjustified arrogance."
]]></description>
<dc:subject>via:tsuomela medical-culture lawyers financial-crisis bankers-should-start-avoiding-lampposts-right-about-now hubris self-assessment skepticism</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:6589d7a69232/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:via:tsuomela"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:medical-culture"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:lawyers"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:hubris"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:self-assessment"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:skepticism"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://dshort.com/articles/2010/total-return-comparison-01.html">
    <title>dshort.com: We're Underperforming the Great Depression</title>
    <dc:date>2010-08-24T11:39:15+00:00</dc:date>
    <link>http://dshort.com/articles/2010/total-return-comparison-01.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["The remaining charts compare market performance since 2000 with the equivalent elapsed time following the peak in 1929. As the final chart shows, the current real total return over the past decade is worse than the performance over the equivalent timeframe during the Great Depression."
]]></description>
<dc:subject>financial-crisis bankers-should-start-avoiding-lampposts-right-about-now economics finance</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:fb2c79711d2c/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:finance"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://paul.kedrosky.com/archives/2010/08/trailer_for_ins.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+InfectiousGreed+(Paul+Kedrosky's+Infectious+Greed)">
    <title>Trailer for Inside Job</title>
    <dc:date>2010-08-24T11:38:09+00:00</dc:date>
    <link>http://paul.kedrosky.com/archives/2010/08/trailer_for_ins.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+InfectiousGreed+(Paul+Kedrosky's+Infectious+Greed)</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Here is the trailer for Inside Job, Charles Ferguson's upcoming documentary about the financial crisis of 2008. Looks like interesting and well-done stuff."
]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:4458d7dd400a/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2010/08/pimcos-crescenzi-gets-award-for-artless-candor.html">
    <title>Pimco’s Crescenzi Gets Award for Artless Candor « naked capitalism</title>
    <dc:date>2010-08-11T14:16:52+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2010/08/pimcos-crescenzi-gets-award-for-artless-candor.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["We tried a variant of this program starting in 2002 with a more solid economy and we are still trying to recover from how that movie ended. Einstein defined insanity as doing the same thing over and over again and expecting different results. And since the financial sector profited so handsomely from this exercise the last time around, they have every reason to encourage this insanity."
]]></description>
<dc:subject>public-policy financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:364377e6b0ad/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.angrybearblog.com/2010/08/is-joe-hill-finally-dead-ballad-of-joe.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+(Angry+Bear)">
    <title>Is Joe Hill finally dead? (The Ballad of Joe Hill) | Angry Bear</title>
    <dc:date>2010-08-02T12:02:51+00:00</dc:date>
    <link>http://www.angrybearblog.com/2010/08/is-joe-hill-finally-dead-ballad-of-joe.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+(Angry+Bear)</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Look no one wants to see violence in the streets, but history shows that it is not only the capitalists that have 2nd amendment remedies. Joe Hill may have more life in him than they like."
]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now financial-crisis capital types-of economics labor not-an-employee</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:0be8e9f92d7e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:capital"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:types-of"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:labor"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:not-an-employee"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.common-place.org/vol-10/no-03/kreitner/">
    <title>Common-place: When Banks Fail</title>
    <dc:date>2010-06-07T20:26:20+00:00</dc:date>
    <link>http://www.common-place.org/vol-10/no-03/kreitner/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["… This was not because they doubted whether there was a moral imperative to pay one's debts. Rather, they were shocked to see the idea of bank credit, based as it was on getting something for nothing, vying for the moral high ground. Credit of this sort was a speculation. Allowing it to flourish was one thing; granting it not only legitimacy, but moral status was horrific. If people were taught to consider their relationship with their banker as analogous to their obligations toward family, community, and state, the multitudes would indeed have come to ruin."
]]></description>
<dc:subject>banking financial-crisis history history-is-a-feature-not-a-bug bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:cc4d93e23699/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:history"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:history-is-a-feature-not-a-bug"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://economistsview.typepad.com/economistsview/2010/05/politicians-ignore-keynes-at-their-peril.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))">
    <title>Economist's View: &quot;Politicians Ignore Keynes at their Peril&quot;</title>
    <dc:date>2010-05-19T11:32:34+00:00</dc:date>
    <link>http://economistsview.typepad.com/economistsview/2010/05/politicians-ignore-keynes-at-their-peril.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Unfortunately, our political leaders don't give a damn about mundane issues such as unemployment and economic growth. It is far easier for them to bandy about silly cliches about fiscal responsibility and generational equity, even though the policies they are pushing are 180 degrees at odds with anything that will help our children or grandchildren. Their main concern is pushing policies that keep the financial industry happy. And 10 million unemployed never bothered anyone at Goldman Sachs, just as Fabulous Fabio."
]]></description>
<dc:subject>economics financial-crisis public-policy Keynes inflation deficit politics bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:679283d84365/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Keynes"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:inflation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:deficit"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:politics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.newdeal20.org/2010/05/04/a-%E2%80%9Cmodest-proposal%E2%80%9D-for-capital-market-reform-close-down-rule-144a-10400/">
    <title>A “Modest Proposal” for Capital Market Reform: Close Down Rule 144A » New Deal 2.0</title>
    <dc:date>2010-05-14T11:37:04+00:00</dc:date>
    <link>http://www.newdeal20.org/2010/05/04/a-%E2%80%9Cmodest-proposal%E2%80%9D-for-capital-market-reform-close-down-rule-144a-10400/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["While some of the anti-fraud remedies of the securities laws still apply in 144A transactions, these have been watered down in recent years by Congressional action and judicial interpretation. In a series of opinions authored first by Justice Powell and then by Justice Kennedy, the Supreme Court has steadily scaled back the scope of the securities laws. Opinions by Justice Kennedy, in particular, limited the impact of anti-fraud protections as well as the ability of investors to sue gatekeepers who play a significant role in preparing offerings."
]]></description>
<dc:subject>financial-crisis regulation public-policy trading legislation loopholes bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:cefb8bd034e3/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:trading"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:legislation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:loopholes"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.angrybearblog.com/2010/05/wall-street-lobbyists-view-of-financial.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+(Angry+Bear)">
    <title>Wall Street Lobbyists' View of Financial System Reform | Angry Bear</title>
    <dc:date>2010-05-14T11:31:48+00:00</dc:date>
    <link>http://www.angrybearblog.com/2010/05/wall-street-lobbyists-view-of-financial.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+blogspot%2FHzoh+(Angry+Bear)</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Now folks, it's pretty revealing when lobbyists have become so accustomed to their privileged access and backroom dealings with politicians --as went on in regards to Cheney's energy discussions, and each of the Bush tax cuts drawn up by a secretive group of GOP without any sunlight (or bipartisansip), for example, and too much with the health care bill as well--that they don't even bother to hide their scorn for the public's views and their hopes for getting that back room deal to go their way. No wonder Wall Street honchos have been so brazenly arrogant about their "entitlement" to bonuses, their rights to continue proprietary trading and hedge funds and derivatives desks--"doing God's work" says Goldman CEO Blankfein--when they are merely running a casino market to strip as much gold off suckers as possible with their "financial innovations" like synthetic CDOs that made the market many times more volatile than "real" securitizations…"
]]></description>
<dc:subject>financial-crisis regulation public-policy trading bushism lobbyists lawyers government bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:0af1e2f8a76c/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:trading"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bushism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:lobbyists"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:lawyers"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:government"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.themonkeycage.org/2010/05/why_dont_they_just_let_the_gre.html">
    <title>The Monkey Cage: Why Don't They Just Let the Greeks Default?</title>
    <dc:date>2010-05-09T13:53:44+00:00</dc:date>
    <link>http://www.themonkeycage.org/2010/05/why_dont_they_just_let_the_gre.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["So when France and Germany make sure that Greece can pay its debt, they are also rescuing, well, France and Germany. Also makes it clear exactly how contagion could work in practice."
]]></description>
<dc:subject>financial-crisis globalism economics public-policy stock-and-flow money bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:edfa3027819f/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:globalism"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:stock-and-flow"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:money"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://economistsview.typepad.com/economistsview/2010/04/caveat-emptor-is-not-a-business-plan.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))">
    <title>Economist's View: &quot;Caveat Emptor Is Not a Business Plan&quot;</title>
    <dc:date>2010-04-29T12:11:24+00:00</dc:date>
    <link>http://economistsview.typepad.com/economistsview/2010/04/caveat-emptor-is-not-a-business-plan.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+EconomistsView+(Economist's+View+(EconomistsView))</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["What is striking is that caveat emptor arises as a legal principle mainly because of the tangle the courts would get into if they tried to enforce a more ambitious standard of right and wrong.
Chief Justice Marshall’s logic surely applies with even greater force to modern deals between investment banks and sophisticated qualified investors, both of which will be simultaneously working on many deals, each involving sensitive proprietary information."
]]></description>
<dc:subject>public-policy financial-crisis caveat-emptor law regulation business-model bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:1853fb4b8df2/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:caveat-emptor"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:law"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:business-model"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://seekingalpha.com/article/198197-why-derivatives-caused-financial-crisis?source=feed">
    <title>Why Derivatives Caused Financial Crisis -- Seeking Alpha</title>
    <dc:date>2010-04-12T15:05:29+00:00</dc:date>
    <link>http://seekingalpha.com/article/198197-why-derivatives-caused-financial-crisis?source=feed</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["In plain terms, derivatives are THE cause of the Financial Crisis. They are behind EVERY failure/ default that has occurred thus far. The fact that virtually no one is willing to address this issue or include it in the discussion of how to insure we don’t have a Second Round of the Crisis only confirms the fact that no one has a clue how to resolve this situation."
]]></description>
<dc:subject>finance financial-crisis derivatives banking regulation public-policy economics bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:6d17d7e01ec6/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:finance"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:derivatives"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://voices.washingtonpost.com/ezra-klein/2010/04/how_financial_innovation_cause.html">
    <title>Ezra Klein - How financial innovation causes financial crises</title>
    <dc:date>2010-04-12T14:59:34+00:00</dc:date>
    <link>http://voices.washingtonpost.com/ezra-klein/2010/04/how_financial_innovation_cause.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Then something bad happens. The new product shows its flaws. And precisely because no one really understands it, the market cracks. Investors all run away at once, as they don't really have the tools to assess the situation. Where lack of knowledge about the product originally drove demand, now it accelerates flight."
]]></description>
<dc:subject>financial-crisis finance bankers-should-start-avoiding-lampposts-right-about-now derivatives public-policy regulation</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:3d35185a9457/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:finance"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:derivatives"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.rollingstone.com/politics/story/32906678/looting_main_street/print">
    <title>Looting Main Street : Rolling Stone</title>
    <dc:date>2010-04-05T16:21:22+00:00</dc:date>
    <link>http://www.rollingstone.com/politics/story/32906678/looting_main_street/print</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA['…These guys aren't number-crunching whizzes making smart investments; what they do is find suckers in some municipal-finance department, corner them in complex lose-lose deals and flay them alive. In a complete subversion of free-market principles, they take no risk, score deals based on political influence rather than competition, keep consumers in the dark — and walk away with big money. "It's not high finance," says Taylor, the former bond regulator. "It's low finance." And even if the regulators manage to catch up with them billions of dollars later, the banks just pay a small fine and move on to the next scam. This isn't capitalism. It's nomadic thievery."'
]]></description>
<dc:subject>financial-crisis banking finance regulation public-policy barony crime bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:d1101eee4343/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:finance"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:barony"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:crime"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.aaronsw.com/weblog/whynojobs">
    <title>The Reason So Many People Are Unemployed (Aaron Swartz's Raw Thought)</title>
    <dc:date>2010-03-15T22:10:28+00:00</dc:date>
    <link>http://www.aaronsw.com/weblog/whynojobs</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["The biggest reason this is possible is because nobody realizes it. If it was conventional wisdom that a bunch of unelected bankers looking out for rich people were the reason everyone was out of work, politicians would be forced to explain to angry voters why we had this crazy system and might actually consider doing something about it. But, incredibly, it just seems like nobody has any idea. Voters don’t realize it, politicians don’t understand it, journalists don’t cover it. And, in fact, they’re so far from having any idea that it’s really difficult to explain it to them. When you say a bunch of unelected bankers are the reason there are no jobs, they just look at you like you’re crazy. I’ve just spent a page or two explaining it and you still probably think I’m crazy. But it’s true! This isn’t some Ron Paul-type crackpot idea; this is mainstream economics, from Paul Krugman to the head of George W. Bush’s Council of Economic Advisors."
]]></description>
<dc:subject>financial-crisis economics Keynes macroeconomics public-policy bankers-should-start-avoiding-lampposts-right-about-now via:cshalizi</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:341a1207fe5d/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Keynes"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:macroeconomics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:via:cshalizi"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://themediavore.posterous.com/more-on-lehmans-repo-105-trick">
    <title>More on Lehman's Repo 105 Trick - The Mediavore</title>
    <dc:date>2010-03-15T21:23:50+00:00</dc:date>
    <link>http://themediavore.posterous.com/more-on-lehmans-repo-105-trick</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Here's some more on the subject of "Repo 105." Marketplace Senior Editor Paddy Hirsch tries to explain what Lehman Brothers was up to."
]]></description>
<dc:subject>financial-crisis explanation bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:f5fe66039623/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:explanation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/print">
    <title>Wall Street's Bailout Hustle : Rolling Stone</title>
    <dc:date>2010-02-19T14:11:41+00:00</dc:date>
    <link>http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/print</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["To sum up, this is what Lloyd Blankfein meant by "performance": Take massive sums of money from the government, sit on it until the government starts printing trillions of dollars in a desperate attempt to restart the economy, buy even more toxic assets to sell back to the government at inflated prices — and then, when all else fails, start driving us all toward the cliff again with a frank and open endorsement of bubble economics. I mean, shit — who wouldn't deserve billions in bonuses for doing all that?"
]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:7737677c7074/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://seekingalpha.com/article/180032-australias-little-debt-obsession?source=feed">
    <title>Australia’s Little Debt Obsession -- Seeking Alpha</title>
    <dc:date>2009-12-29T13:28:10+00:00</dc:date>
    <link>http://seekingalpha.com/article/180032-australias-little-debt-obsession?source=feed</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Now we can add to all the backslapping and self congratulatory rhetoric about avoiding a full-blown crisis, another financial milestone – Australia’s debt to GDP ratio has now broken through 100%. That’s right, Australian households collectively hold more debt than the entire Australian economy earns in a year. Let the good times roll!"
]]></description>
<dc:subject>financial-crisis leveraged-life Australia credit-cards bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:7f9dce3bc193/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:leveraged-life"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:Australia"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:credit-cards"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.nakedcapitalism.com/2009/12/is-blaming-aaa-investors-wall-street-serving-pr.html">
    <title>“Is Blaming AAA Investors Wall-Street Serving PR?” « naked capitalism</title>
    <dc:date>2009-12-28T12:42:24+00:00</dc:date>
    <link>http://www.nakedcapitalism.com/2009/12/is-blaming-aaa-investors-wall-street-serving-pr.html</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["This “highly sophisticated investor” argument has been used by Goldman, other banks and a remarkably high number of journalists (in my opinion just repeating the crap they have been fed by their sources) as a way of getting the banks off the hook. But it is a fundamentally flawed argument. The CDO bonds that AIG insured were rated AAA. If you have to be a rocket scientist to understand the investment and if anything short of perfect analysis of the bonds means you will be blown up – then by definition the bonds are not AAA."
]]></description>
<dc:subject>financial-crisis bankers-should-start-avoiding-lampposts-right-about-now investing ratings financial-engineering portfolio-theory-in-practice</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:4a13913daf30/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:investing"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:ratings"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-engineering"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:portfolio-theory-in-practice"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.bloomberg.com/apps/news?pid=20601039&amp;sid=ahD2WoDAL9h0">
    <title>Arming Goldman With Pistols Against Public: Alice Schroeder - Bloomberg.com</title>
    <dc:date>2009-12-02T02:30:50+00:00</dc:date>
    <link>http://www.bloomberg.com/apps/news?pid=20601039&amp;sid=ahD2WoDAL9h0</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["There you have it. The bailout was meant to keep the curtain drawn on the way the rich make money, not from the free market, but from the lack of one. Goldman Sachs blew its cover when the firm’s revenue from trading reached a record $27 billion in the first nine months of this year, and a public that was writhing in financial agony caught on that the profits earned on taxpayer capital were going to pay employee bonuses."
]]></description>
<dc:subject>bankers-should-start-avoiding-lampposts-right-about-now financial-crisis paranoia-nation</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:92cc180078d5/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:paranoia-nation"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://rortybomb.wordpress.com/2009/12/01/jackie-ramos-and-the-issue-of-fix-pay/">
    <title>Jackie Ramos and the Issue of Fix Pay « Rortybomb</title>
    <dc:date>2009-12-01T20:49:56+00:00</dc:date>
    <link>http://rortybomb.wordpress.com/2009/12/01/jackie-ramos-and-the-issue-of-fix-pay/</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["To make that clear, rather than having the consumer pay off the full loan over 4 years with 100% certainty at 6% and no fees, it’s more profitable to charge 30% interest and fees for 2 years and then simply forget about the $1,250 that is still on the balance when the consumer finally goes under. Anything more you could get out of them, in court or with a few more minimum payments, is gravy."
]]></description>
<dc:subject>via:cshalizi financial-crisis credit-crunch credit-cards bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:784df303748e/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:via:cshalizi"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:credit-crunch"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:credit-cards"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://jessescrossroadscafe.blogspot.com/2009/11/us-commercial-banks-turkeys-are-stuffed.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+JessesCafeAmericain+(Jesse's+Caf%C3%A9+Am%C3%A9ricain)">
    <title>Jesse's Café Américain: US Commercial Banks: the Turkeys Are Stuffed</title>
    <dc:date>2009-11-23T00:14:55+00:00</dc:date>
    <link>http://jessescrossroadscafe.blogspot.com/2009/11/us-commercial-banks-turkeys-are-stuffed.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+JessesCafeAmericain+(Jesse's+Caf%C3%A9+Am%C3%A9ricain)</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Because the first priority of the Fed is the health of the banking system itself, and not the national economy and the availability of credit to non-banking institutions. They are seeking to drive commercial entities out of secure savings to risk investment again, but providing a safe harbor for the banks while they are doing it, while attempting to maintain the appearance of financial system solvency. "
]]></description>
<dc:subject>banking financial-crisis public-policy economics bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:9ef7d06e3f35/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://jessescrossroadscafe.blogspot.com/2009/11/sp-500-volumes-and-cash-flows-fading.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+JessesCafeAmericain+(Jesse's+Caf%C3%A9+Am%C3%A9ricain)">
    <title>Jesse's Café Américain: SP 500 Volumes and Cash Flows Fading</title>
    <dc:date>2009-11-14T17:41:17+00:00</dc:date>
    <link>http://jessescrossroadscafe.blogspot.com/2009/11/sp-500-volumes-and-cash-flows-fading.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+JessesCafeAmericain+(Jesse's+Caf%C3%A9+Am%C3%A9ricain)</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["People forget what the markets were like in the late 1970's when the pits were dead and the average person wanted nothing to do with the US equity markets. The creation of 401k's and more gambling tables like the options exchanges helped to perk things up. This latest generation of jokers will not stop until they have trashed the markets once again."
]]></description>
<dc:subject>finance financial-crisis stocks trading investment bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:f62f2ee72af1/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:finance"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:stocks"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:trading"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:investment"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://zenpundit.com/?p=3248">
    <title>zenpundit.com » Blog Archive » Redefining “Swine” Flu</title>
    <dc:date>2009-11-11T21:17:32+00:00</dc:date>
    <link>http://zenpundit.com/?p=3248</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["16    But when the sons of these men received the same position of authority from their fathers-having had no experience of misfortunes, and none at all of civil equality and freedom of speech, but having been bred up from the first under the shadow of their fathers’ authority and lofty position-some of them gave themselves up with passion to avarice and unscrupulous love of money, others to drinking and the boundless debaucheries which accompanies it, and others to the violation of women or the forcible appropriation of boys; and so they turned an aristocracy into an oligarchy. But it was not long before they roused in the minds of the people the same feelings as before; and their fall therefore was very like the disaster which befell the tyrants."
]]></description>
<dc:subject>oligarchy public-policy financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:2e1dc445bb6c/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:oligarchy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://seekingalpha.com/article/172060-regulating-wall-street-like-las-vegas-yes-we-can?source=feed">
    <title>Regulating Wall Street Like Las Vegas: Yes We Can -- Seeking Alpha</title>
    <dc:date>2009-11-08T19:55:58+00:00</dc:date>
    <link>http://seekingalpha.com/article/172060-regulating-wall-street-like-las-vegas-yes-we-can?source=feed</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["President Obama promised us “Change We Can Believe In,” and the Democrats control Congress. Ironically, Senate Majority Leader Harry Reid is a former chairman of the Nevada Gaming Commission whose unwillingness to be compromised by a gangster was featured in the Martin Scorsese film Casino. Mr. Reid has since been accused of some personal ethical lapses, but he could easily redeem himself if he used his gaming regulation expertise and spearheaded a movement to take on Wall Street’s powerful lobby and create a no-nonsense regulatory agency akin to the Nevada Gaming Commission."
]]></description>
<dc:subject>financial-crisis reform public-policy government regulation bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:b83bcc1aa353/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:reform"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:government"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:regulation"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aGR4KXaGwxd8">
    <title>Stiglitz Says U.S. Is Paying for Failure to Nationalize Banks - Bloomberg.com</title>
    <dc:date>2009-11-05T21:10:09+00:00</dc:date>
    <link>http://www.bloomberg.com/apps/news?pid=newsarchive&amp;sid=aGR4KXaGwxd8</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["“We have this very strange situation today in America where we have given banks hundreds of billions of dollars and the president has to beg the banks to lend and they refuse,” Stiglitz said. “What we did was the wrong thing. It has weakened the economy and has increased our deficit, making it more difficult for the future.”"
]]></description>
<dc:subject>financial-crisis public-policy banking economics economic-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:7eb4ab021027/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:public-policy"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economics"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:economic-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
<item rdf:about="http://www.detnews.com/article/20090928/BIZ01/909280338/1010/Workers-discover-401(k)-plans-are-failing-them-in-retirement">
    <title>Workers discover 401(k) plans are failing them in retirement | detnews.com | The Detroit News</title>
    <dc:date>2009-10-10T10:28:39+00:00</dc:date>
    <link>http://www.detnews.com/article/20090928/BIZ01/909280338/1010/Workers-discover-401(k)-plans-are-failing-them-in-retirement</link>
    <dc:creator>Vaguery</dc:creator><description><![CDATA["Many 401(k) investors last year bailed out of stocks, often the day after big market drops, Hewitt found, with nearly 20 percent of investors switching their assets -- all getting out of stocks. This means they locked in losses, selling low after buying high during the run-up of previous years."
]]></description>
<dc:subject>via:tsuomela investment retirement banking mythology financial-crisis bankers-should-start-avoiding-lampposts-right-about-now</dc:subject>
<dc:identifier>https://pinboard.in/u:Vaguery/b:5b5d0c933445/</dc:identifier>
<taxo:topics><rdf:Bag>	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:via:tsuomela"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:investment"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:retirement"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:banking"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:mythology"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:financial-crisis"/>
	<rdf:li rdf:resource="https://pinboard.in/u:Vaguery/t:bankers-should-start-avoiding-lampposts-right-about-now"/>
</rdf:Bag></taxo:topics>
</item>
</rdf:RDF>