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<title>BankImplode.com Blog Commentary &amp; Analysis</title>
<link>http://bankimplode.com/</link>
<description>Tracking the many faces of the global credit bubble.  This feed includes both IEHI network news pickups and BankImplode blog commentary.  </description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=280</guid>
		<pubDate>Thu, 28 Aug 2008 18:00:09 GMT</pubDate>
		<title>Credit Agricole Hanging On</title>
		<link>http://bankimplode.com/blog/2008/08/28/credit-agricole-hanging-on/</link>
		<description><![CDATA[Credit Agricole SA, Franceâ€™s third- largest bank, and comfortably its hardest hit by subprime, reported fiscal second quarter 20...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=279</guid>
		<pubDate>Wed, 27 Aug 2008 23:30:09 GMT</pubDate>
		<title>Bank of Montréal,  Reports Q3</title>
		<link>http://bankimplode.com/blog/2008/08/27/bank-of-montreal-reports-q3/</link>
		<description><![CDATA[The Bank of MontrĂ©alâ€™s subprime wright down total has yet to break $1 billion. Our count stands $611 million, with third-quarter...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=278</guid>
		<pubDate>Wed, 27 Aug 2008 18:30:14 GMT</pubDate>
		<title>CIBCs Quarter Three</title>
		<link>http://bankimplode.com/blog/2008/08/27/cibcs-quarter-three/</link>
		<description><![CDATA[Bloomberg is heralding the earnings of Canadian International Bank of Commerce and sounding like Jim Cramer in calling for a bot...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=277</guid>
		<pubDate>Mon, 25 Aug 2008 16:10:07 GMT</pubDate>
		<title>Hands Tied</title>
		<link>http://bankimplode.com/blog/2008/08/22/hands-tied/</link>
		<description><![CDATA[National City Corp. has got its level 3 accounting inverted. Instead of valuing worthless assets in the billions of dollars Nati...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=275</guid>
		<pubDate>Fri, 22 Aug 2008 22:40:08 GMT</pubDate>
		<title>Robin Hood</title>
		<link>http://bankimplode.com/blog/2008/08/22/robin-hood/</link>
		<description><![CDATA[The other three big banks Merrill Lynch, Deutsche Bank and Goldman Sachs came into the fold Thursday as all three settled with N...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=274</guid>
		<pubDate>Thu, 21 Aug 2008 23:10:08 GMT</pubDate>
		<title>Save by a Lone Star?</title>
		<link>http://bankimplode.com/blog/2008/08/21/save-by-a-lone-star/</link>
		<description><![CDATA[The long-suffering and frequented bail out recently in IKB has received possibly its final bail out. But even that comes at a pr...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=273</guid>
		<pubDate>Mon, 18 Aug 2008 22:00:07 GMT</pubDate>
		<title>Footsteps</title>
		<link>http://bankimplode.com/blog/2008/08/18/footsteps/</link>
		<description><![CDATA[The cat and mouse between Lehman Brothers and the Bears heats up as the Bears close rank and close in. This is not the first tim...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=272</guid>
		<pubDate>Fri, 15 Aug 2008 04:30:02 GMT</pubDate>
		<title>Dark Star</title>
		<link>http://bankimplode.com/blog/2008/08/14/dark-star/</link>
		<description><![CDATA[Like a brief distortion of a small patch of interstellar space, revealing a huge dark star untouched by light, Countrywides unno...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=271</guid>
		<pubDate>Thu, 14 Aug 2008 19:20:11 GMT</pubDate>
		<title>Lehman Brothers Circus of Tricks</title>
		<link>http://bankimplode.com/blog/2008/08/14/lehman-brothers-circus-of-tricks/</link>
		<description><![CDATA[There is some light being shed on why Black Rock suddenly doubled its position on a bank with a toxic balance sheet whose stock ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=270</guid>
		<pubDate>Wed, 13 Aug 2008 22:20:09 GMT</pubDate>
		<title>Will Wachovia Survive?</title>
		<link>http://bankimplode.com/blog/2008/08/13/will-wachovia-survive/</link>
		<description><![CDATA[It was no surprise when Wachovia said it would restate its second quarter, with all of its gapping wounds exposed it was just a ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=268</guid>
		<pubDate>Tue, 12 Aug 2008 18:40:19 GMT</pubDate>
		<title>Shaken</title>
		<link>http://bankimplode.com/blog/2008/08/12/shaken/</link>
		<description><![CDATA[UBS reported itâ€™s fiscal 2008 first quarter $23 billion loss and $38 billion in write-downs, initiated a carnival like cover up,...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=65</guid>
		<pubDate>Tue, 12 Aug 2008 00:50:10 GMT</pubDate>
		<title>GGP Shenanigans: How much value do you place on the credibility of management?</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/08/11/ggp-shenanigans-how-much-value-do-you-place-on-the-credibility-of-management/</link>
		<description><![CDATA[This is a continuation of GGP and the type of investigative analysis you will not get from your brokerage house, basically an up...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=267</guid>
		<pubDate>Fri, 08 Aug 2008 20:40:02 GMT</pubDate>
		<title>A Royal Mess</title>
		<link>http://bankimplode.com/blog/2008/08/08/a-royal-mess/</link>
		<description><![CDATA[The losses get steeper the write-downs get bigger beat goes on as the world goes another 1/4 around the sun. For the Royal bank ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=266</guid>
		<pubDate>Thu, 07 Aug 2008 22:40:08 GMT</pubDate>
		<title>Barclays Writes Um Down and Sells Um Off</title>
		<link>http://bankimplode.com/blog/2008/08/07/barclays-writes-um-down-and-sells-um-off/</link>
		<description><![CDATA[The U.K.â€™s third- biggest bank, Barclays delivered more bad news to shareholders, namely that it got crushed in the first half o...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=265</guid>
		<pubDate>Wed, 06 Aug 2008 22:50:04 GMT</pubDate>
		<title>Commerzbank Boasts Profits</title>
		<link>http://bankimplode.com/blog/2008/08/06/commerzbank-boasts-profits/</link>
		<description><![CDATA[Commerzbank AG, Germanys second largest bank somehow managed to provide positive earnings despite a larger than expected write d...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=264</guid>
		<pubDate>Wed, 06 Aug 2008 18:10:02 GMT</pubDate>
		<title>BNP Sinking in Subprime Waters</title>
		<link>http://bankimplode.com/blog/2008/08/06/bnp-sinking-in-subprime-waters/</link>
		<description><![CDATA[BNP Paribas got clobbered on the second quarter of 2008 due to the cutting in half profits earned by its corporate and investmen...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=263</guid>
		<pubDate>Wed, 06 Aug 2008 03:40:02 GMT</pubDate>
		<title>Societe Generale</title>
		<link>http://bankimplode.com/blog/2008/08/05/societe-generale/</link>
		<description><![CDATA[Itâ€™s really bad when bad news is good news just because itâ€™s not as bad as it should be, so right now things are really bad. Itâ€™...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=262</guid>
		<pubDate>Mon, 04 Aug 2008 20:30:06 GMT</pubDate>
		<title>HSBC Hammered</title>
		<link>http://bankimplode.com/blog/2008/08/04/hsbc-hammered/</link>
		<description><![CDATA[The gloom continued for Europeâ€™s biggest bank by market value, HSBC as the bank was crushed in its second quarter of 2008 by a h...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=261</guid>
		<pubDate>Sun, 03 Aug 2008 19:10:02 GMT</pubDate>
		<title>More Drama From Credit Suisse?</title>
		<link>http://bankimplode.com/blog/2008/08/03/more-drama-from-credit-suisse/</link>
		<description><![CDATA[If CREDIT SUISSE Groupâ€™s goal was to report the smallest write-downs on Wall Street for its second quarter 2008 it succeed, if t...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=260</guid>
		<pubDate>Sun, 03 Aug 2008 04:50:02 GMT</pubDate>
		<title>Deutsche Bank Stumbles Into Earnings</title>
		<link>http://bankimplode.com/blog/2008/08/02/deutsche-bank-stumbles-into-earnings/</link>
		<description><![CDATA[Deutsche Bank AG, is stumbling arms pinwheeling furiously, but so far the bank has not crashed. Deutsche Bank AGâ€™s profit slumpe...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=257</guid>
		<pubDate>Fri, 01 Aug 2008 05:50:04 GMT</pubDate>
		<title>Spinn and BullSpit from HBOS</title>
		<link>http://bankimplode.com/blog/2008/07/31/spinn-and-bullspit-from-hbos/</link>
		<description><![CDATA[Theyâ€™re playing â€śBeat Estimatesâ€ť game in Europe too. Itâ€™s not very original, but if your company is a bank which over indulged b...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=64</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>Citi and Wachovia downgrade GGP, after a 50% drop in price</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/citi-and-wachovia-downgrade-ggp-after-a-50-drop-in-price/</link>
		<description><![CDATA[Citi and Wachovia downgrade GGP after it gets cut in half. Great job fellas! Unfortunately, I couldnâ€™t afford to be a client of ...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=63</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>When the best of the best start with the shenanigans, what does that mean for the restâ€¦</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/when-the-best-of-the-best-start-with-the-shenanigans-what-does-that-mean-for-the-rest/</link>
		<description><![CDATA[My team has finished the Amex analysis, and it is interesting. Amex is considered the creme de la creme of credit card lenders, ...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=62</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>GGP Shenanigans?</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/ggp-shenanigans/</link>
		<description><![CDATA[According to Reuters, GGP said on Wednesday that funds from operations rose 8.4 percent, in part from the acquisition of a forme...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=61</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>An act of desperation, or the best way to Disrespect your current shareholders?</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/an-act-of-desperation-or-the-best-way-to-disrespect-your-current-shareholders/</link>
		<description><![CDATA[...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=60</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>Reposting: Capital, Leverage and Loss in the Banking system</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/reposting-capital-leverage-and-loss-in-the-banking-system/</link>
		<description><![CDATA[Back by popular demand (and broken links) - Capital, Leverage and Loss in the Banking System. Excerpt: As you can see, there are...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=59</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>The next step in my investment thesis</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/the-next-step-in-my-investment-thesis/</link>
		<description><![CDATA[BoomBustBlogger Goatmug has literally read my mind in a very recent comment, thus I have taken the liberty to post his comment a...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=58</guid>
		<pubDate>Fri, 01 Aug 2008 02:50:04 GMT</pubDate>
		<title>Anatomy of a Sick Bank - Repost</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/anatomy-of-a-sick-bank-repost/</link>
		<description><![CDATA[For those who requested this link, the Anatomy of a Sick Bank! It is easiest just to perform a search for the title that you are...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=57</guid>
		<pubDate>Fri, 01 Aug 2008 02:40:06 GMT</pubDate>
		<title>The Fed and non-borrowed funds</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/the-fed-and-non-borrowed-funds-2/</link>
		<description><![CDATA[A few readers were commenting on the significance of the following and I have decided to throw my two cents in: http://www.feder...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=56</guid>
		<pubDate>Fri, 01 Aug 2008 02:40:06 GMT</pubDate>
		<title>I told you so, AGO</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/i-told-you-so-ago-2/</link>
		<description><![CDATA[For those who are new to the blog, I have had heavy short positions and a lot of research performed on the monoline insurers as ...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=55</guid>
		<pubDate>Fri, 01 Aug 2008 02:40:06 GMT</pubDate>
		<title>The sell side analytical company did it again</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/the-sell-side-analytical-company-did-it-again/</link>
		<description><![CDATA[I posted this on another blog, and might as well put it on my own blog. Itâ€™s in regards to Amex and their expected (by me) and d...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=54</guid>
		<pubDate>Fri, 01 Aug 2008 02:40:06 GMT</pubDate>
		<title>A continuation of the risk adjusted capital discussion</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/a-continuation-of-the-risk-adjusted-capital-discussion/</link>
		<description><![CDATA[This is a very interesting article featuring Jamie Dimonâ€™s questioning of the investment bankâ€™s tier 1 capital ratios as compare...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=53</guid>
		<pubDate>Fri, 01 Aug 2008 02:30:05 GMT</pubDate>
		<title>Humor from the WSJ</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/31/humor-from-the-wsj/</link>
		<description><![CDATA[I got a kick out of this, excerpted from WSjâ€™s â€śItâ€™s time to feast on crowâ€ť: Unlikely Vision of the Next Bubble Let us fast forw...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=52</guid>
		<pubDate>Fri, 25 Jul 2008 15:10:09 GMT</pubDate>
		<title>Are Energy Prices Curtailing Growth?</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/25/are-energy-prices-curtailing-growth/</link>
		<description><![CDATA[I thought this piece would be timely since the media has been hinting that that the $17 drop in oil is responsible for a fundame...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=51</guid>
		<pubDate>Fri, 25 Jul 2008 15:00:08 GMT</pubDate>
		<title>I told you so, AGO</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/25/i-told-you-so-ago/</link>
		<description><![CDATA[For those who are new to the blog, I have had heavy short positions and a lot of research performed on the monoline insurers as ...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=50</guid>
		<pubDate>Fri, 25 Jul 2008 15:00:08 GMT</pubDate>
		<title>The Fed and non-borrowed funds</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/25/the-fed-and-non-borrowed-funds/</link>
		<description><![CDATA[A few readers were commenting on the significance of the following and I have decided to throw my two cents in: http://www.feder...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=49</guid>
		<pubDate>Fri, 25 Jul 2008 15:00:08 GMT</pubDate>
		<title>Faction Fight: Itâ€™s Wall Street vs Main Street, guess whose side the government is on?</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/25/faction-fight-its-wall-street-vs-main-street-guess-whose-side-the-government-is-on/</link>
		<description><![CDATA[A few people have asked me my opinion about the various Fed actions, Paulsonâ€™s GSE bailout, the housing bailout package, and bai...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=48</guid>
		<pubDate>Fri, 25 Jul 2008 15:00:08 GMT</pubDate>
		<title>The Manâ€™s Machinations are about to bring upon us the Muni Madness!</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/25/the-mans-machinations-are-about-to-bring-upon-us-the-muni-madness/</link>
		<description><![CDATA[I warned of this as early as September of last year, and in May I issued two verbose reports detailing this distinct possibility...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=47</guid>
		<pubDate>Fri, 25 Jul 2008 14:50:17 GMT</pubDate>
		<title>Reggie Middleton on Risk, Reward and Reputations on the Street: the Goldman Sachs Forensic Analysis</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/25/reggie-middleton-on-risk-reward-and-reputations-on-the-street-the-goldman-sachs-forensic-analysis/</link>
		<description><![CDATA[Here is my detailed opinion on Goldman Sachs. Be sure to review my precursor to this report: Goldman Sachs Snapshot: Risk vs. Re...]]></description>
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		<guid isPermaLink="true">http://reggiemiddleton.bankimplode.com/?p=46</guid>
		<pubDate>Fri, 25 Jul 2008 04:59:28 GMT</pubDate>
		<title>There are banks on and off the Doo Doo 32 list that are under-reserving for losses</title>
		<link>http://reggiemiddleton.bankimplode.com/2008/07/19/there-are-banks-on-and-off-the-doo-doo-32-list-that-are-under-reserving-for-losses/</link>
		<description><![CDATA[Being stingy in your loss provisioning is unethical policy, at least in my opinion, and a generally bad business practice. I bel...]]></description>
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