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	<title>Bank-Implode! &#187; Uncategorized</title>
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		<title>Get ready for a bruising day on Wall Street</title>
		<link>http://bankimplode.com/blog/2008/09/15/get-ready-for-a-bruising-day-on-wall-street/</link>
		<comments>http://bankimplode.com/blog/2008/09/15/get-ready-for-a-bruising-day-on-wall-street/#comments</comments>
		<pubDate>Mon, 15 Sep 2008 12:58:42 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[BREAKING NEWS!]]></category>
		<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=294</guid>
		<description><![CDATA[This post contributed by Edward Harrison of Credit Writedowns
In case you missed it, the financial system in the US is near collapse.  This weekend was unbelievable. Lehman Brothers filed for bankruptcy.  The world&#8217;s largest insurer AIG is looking for the Fed to help it avoid collapse and Merrill Lynch was forced to close [...]]]></description>
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		<title>Freddie Mac &#8211; GSE</title>
		<link>http://bankimplode.com/blog/2008/09/07/freddie-mac-gse/</link>
		<comments>http://bankimplode.com/blog/2008/09/07/freddie-mac-gse/#comments</comments>
		<pubDate>Sun, 07 Sep 2008 17:02:07 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=286</guid>
		<description><![CDATA[Less than a month after acquiring the power, Treasury Secretary Paulson has put Freddie Mac into government-backed conservatorship. You can read Paulson&#8217;s joint press release is here, but don&#8217;t forget how he said this wouldn&#8217;t be necessary. The government&#8217;s take down of its own agency purportedly came about when an accounting probe found the agency [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Fannie Mae &#8211; GSE</title>
		<link>http://bankimplode.com/blog/2008/09/07/fannie-mae-gse/</link>
		<comments>http://bankimplode.com/blog/2008/09/07/fannie-mae-gse/#comments</comments>
		<pubDate>Sun, 07 Sep 2008 16:54:03 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=285</guid>
		<description><![CDATA[Less than a month after acquiring the power to do so, Treasury Secretary Paulson has put Fannie Mae into conservatorship. You can read Paulson&#8217;s joint press release here, but let&#8217;s not forget how he previously said he wouldn&#8217;t need to do this. The government take down of its own agency purportedly came about when an [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Sleight of Hand</title>
		<link>http://bankimplode.com/blog/2008/04/01/sleight-of-hand/</link>
		<comments>http://bankimplode.com/blog/2008/04/01/sleight-of-hand/#comments</comments>
		<pubDate>Wed, 02 Apr 2008 00:41:58 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=119</guid>
		<description><![CDATA[2008-04-01:
Say you have warehouse full of toxic Alt-A bio hazard stored on your balance sheet you need to dispose of so no one notices (mono-liners). If the Alt-A waste is temporarily worth 96c on the dollar you have yourself a 4c write down you are happy to take, but not to advertise. So you call [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Comerica Incorporated &#8211; $63M</title>
		<link>http://bankimplode.com/blog/2008/02/22/comerica-incorporated-cma-63m/</link>
		<comments>http://bankimplode.com/blog/2008/02/22/comerica-incorporated-cma-63m/#comments</comments>
		<pubDate>Fri, 22 Feb 2008 23:46:58 +0000</pubDate>
		<dc:creator>Tony</dc:creator>
				<category><![CDATA[Uncategorized]]></category>

		<guid isPermaLink="false">http://bankimplode.com/blog/?p=101</guid>
		<description><![CDATA[2008-02-22:
According to its news release, Comerica Incorporated (CMA)&#8217;s net income for fiscal 2007 fell to $682 million from $782 million in 2006. Provisions for bad debt surged to $212 million from $37 million in 2006. For the fourth quarter the bank saw a 60% drop in net income.
The bank&#8217;s total non performing assets &#8212; or [...]]]></description>
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