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<title>BankImplode.com News</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>
	<item>
		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_JPMorganJoinsMFGlobalInLobbyingWinsThatBackfire.html</guid>
		<pubDate>Thu, 24 May 2012 03:50:20 GMT</pubDate>
		<title>JPMorgan Joins MF Global In Lobbying Wins That Backfire</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_JPMorganJoinsMFGlobalInLobbyingWinsThatBackfire.html</link>
		<description><![CDATA[MF Global Holdings Ltd. argued in a December 2010 letter to regulators that futures brokers didn't need tighter restrictions on ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_ThankfullyFHFABanksKilledHomeownerBillofRights.html</guid>
		<pubDate>Thu, 24 May 2012 03:40:19 GMT</pubDate>
		<title>Thankfully, FHFA & Banks Killed Homeowner Bill of Rights</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_ThankfullyFHFABanksKilledHomeownerBillofRights.html</link>
		<description><![CDATA[The Big Banks and the FHFA's Ed DeMarco brought their considerable political muscle to the job of killing the Homeowner Bill of ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_FederalJudgeAgreesFannieMaeForeclosureCouldViolateUSConstitution.html</guid>
		<pubDate>Thu, 24 May 2012 03:30:24 GMT</pubDate>
		<title>Federal Judge Agrees, Fannie Mae Foreclosure Could Violate U.S. Constitution</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_FederalJudgeAgreesFannieMaeForeclosureCouldViolateUSConstitution.html</link>
		<description><![CDATA[On May 7, 2012, Judge Robert J. Jonker of the United States District Court, Western District of Michigan dismissed Fannie Mae's ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_WinterCoversShortsMaladjustedUSEconomySeemsGoodBecauseofEuropean.html</guid>
		<pubDate>Thu, 24 May 2012 03:20:37 GMT</pubDate>
		<title>Winter Covers Shorts; Maladjusted US Economy Seems Good Because of European Capital Influx- Free Podcast | RFWS (free) Podcast</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_WinterCoversShortsMaladjustedUSEconomySeemsGoodBecauseofEuropean.html</link>
		<description><![CDATA[Russ Winter has covered most of his short positions. He tells why, and talks about his strategy going forward. He and Lee Adler ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_ForeclosureamnesiaCaliforniadistressedinventorystilllargerthanno.html</guid>
		<pubDate>Wed, 23 May 2012 17:20:20 GMT</pubDate>
		<title>Foreclosure amnesia -- California distressed inventory still larger than non-distressed properties. </title>
		<link>http://implode-explode.com/viewnews/2012-05-23_ForeclosureamnesiaCaliforniadistressedinventorystilllargerthanno.html</link>
		<description><![CDATA[People suffer from a sort of amnesia when it comes to the economy. For example, the low mortgage rates are now used as the major...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_WidowsuesWellsFargooverwrongfulforeclosurethattookdevastatingtol.html</guid>
		<pubDate>Wed, 23 May 2012 17:10:22 GMT</pubDate>
		<title>Widow sues Wells Fargo over wrongful foreclosure that took devastating toll</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_WidowsuesWellsFargooverwrongfulforeclosurethattookdevastatingtol.html</link>
		<description><![CDATA[``Oriane Rousseau says husband Norman's suicide was a result of the bank kicking off a process from which they couldn't escape''...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_An8bnLossOrWasJPMorganUnhedgedLongAndWrongPostLTRO2ZeroHedge.html</guid>
		<pubDate>Wed, 23 May 2012 17:10:22 GMT</pubDate>
		<title>An $8bn Loss Or Was JPMorgan 'Unhedged, Long-And-Wrong' Post-LTRO2? - ZeroHedge</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_An8bnLossOrWasJPMorganUnhedgedLongAndWrongPostLTRO2ZeroHedge.html</link>
		<description><![CDATA[A bit of a nitty gritty analysis but here's the upshot: ... it appears that the CDS data confirms what we suspected: (1) A large...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_FlemingTurkMoneyPrintingHasMadeGoldCheaperThanIn2005.html</guid>
		<pubDate>Wed, 23 May 2012 17:10:22 GMT</pubDate>
		<title>Fleming, Turk: "Money-Printing Has Made Gold 'Cheaper' Than In 2005"</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_FlemingTurkMoneyPrintingHasMadeGoldCheaperThanIn2005.html</link>
		<description><![CDATA[``Both men think that we are the "in the foothills" of a long precious metals bull market, and that the gold price is in some wa...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_MorganStanleySubpoenaedInFacebookCaseOverChargesItKeptInfoFromSo.html</guid>
		<pubDate>Wed, 23 May 2012 17:10:22 GMT</pubDate>
		<title>Morgan Stanley Subpoenaed In Facebook Case Over Charges It Kept Info From Some Clients</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_MorganStanleySubpoenaedInFacebookCaseOverChargesItKeptInfoFromSo.html</link>
		<description><![CDATA[Massachusetts' top securities regulator has subpoenaed Morgan Stanley related to allegations that it gave some clients negative ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_JPMorganEmployeesSueJamieDimonInaDrewOverLosses.html</guid>
		<pubDate>Wed, 23 May 2012 17:00:20 GMT</pubDate>
		<title>JPMorgan Employees Sue Jamie Dimon, Ina Drew Over Losses</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_JPMorganEmployeesSueJamieDimonInaDrewOverLosses.html</link>
		<description><![CDATA[``A lawsuit filed on behalf of JPMorgan employees says their retirement accounts fell in value after news broke about the tradin...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-22_BillionDollarBaitSwitchStatesDivertForeclosureDealFunds.html</guid>
		<pubDate>Wed, 23 May 2012 17:00:20 GMT</pubDate>
		<title>Billion Dollar Bait & Switch: States Divert Foreclosure Deal Funds</title>
		<link>http://implode-explode.com/viewnews/2012-05-22_BillionDollarBaitSwitchStatesDivertForeclosureDealFunds.html</link>
		<description><![CDATA[States have diverted $974 million from this year's landmark mortgage settlement to pay down budget deficits or fund programs unr...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_EUROPEISIMPLODING.html</guid>
		<pubDate>Wed, 23 May 2012 16:50:26 GMT</pubDate>
		<title>EUROPE IS IMPLODING</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_EUROPEISIMPLODING.html</link>
		<description><![CDATA[``Italy is now off a full 3.6 percent, and the CAC 40 is off 2.6 percent! Meanwhile, the euro has hit its lowest value since Aug...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_PETERSCHIFFTheHousingBustWasJustAPreviewForTheComingCatastrophe.html</guid>
		<pubDate>Wed, 23 May 2012 16:50:26 GMT</pubDate>
		<title>PETER SCHIFF: The Housing Bust Was Just A Preview For The Coming Catastrophe</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_PETERSCHIFFTheHousingBustWasJustAPreviewForTheComingCatastrophe.html</link>
		<description><![CDATA[``[People] mistakenly assumed that the crash I was warning about [in 2007] was solely a housing led credit bubble. While that wa...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_SixBillionDollarBetFrontlineMFGlobal.html</guid>
		<pubDate>Wed, 23 May 2012 16:50:26 GMT</pubDate>
		<title>Six Billion Dollar Bet - Frontline (MF Global)</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_SixBillionDollarBetFrontlineMFGlobal.html</link>
		<description><![CDATA[Finally someone has done full coverage. Ironic that this is no longer the latest banking derivatives gamble blowup....]]></description>
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	<item>
		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_FacebookMorganStanleySuedByShareholders.html</guid>
		<pubDate>Wed, 23 May 2012 16:30:21 GMT</pubDate>
		<title>Facebook, Morgan Stanley Sued By Shareholders</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_FacebookMorganStanleySuedByShareholders.html</link>
		<description><![CDATA[Facebook shareholders just filed a class action suit against Facebook and Morgan Stanley....They are suing over the allegation t...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_WorldmarketstumbleonGreeceChinaanxiety.html</guid>
		<pubDate>Wed, 23 May 2012 16:20:23 GMT</pubDate>
		<title>World markets tumble on Greece, China anxiety</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_WorldmarketstumbleonGreeceChinaanxiety.html</link>
		<description><![CDATA[``World markets plunged Wednesday on renewed anxiety over Greece ahead of a meeting of European leaders, and signs that the Chin...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_ObamaandSchneidermantoDoubleSizeofNonExistentTaskForce.html</guid>
		<pubDate>Wed, 23 May 2012 16:10:26 GMT</pubDate>
		<title>Obama and Schneiderman to Double Size of Non-Existent Task Force</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_ObamaandSchneidermantoDoubleSizeofNonExistentTaskForce.html</link>
		<description><![CDATA[The truth is, there is no task force. Obama is lying. Schneiderman is lying. The Department of Justice simply took various indiv...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_CitiesWithTheMostHomesInForeclosure.html</guid>
		<pubDate>Wed, 23 May 2012 16:10:26 GMT</pubDate>
		<title>Cities With The Most Homes In Foreclosure</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_CitiesWithTheMostHomesInForeclosure.html</link>
		<description><![CDATA[According to data released last week, the worst effects of the housing crisis are beginning to wind down. RealtyTrac's latest re...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-23_PhantomHomeAppreciation.html</guid>
		<pubDate>Wed, 23 May 2012 15:40:18 GMT</pubDate>
		<title>Phantom Home Appreciation</title>
		<link>http://implode-explode.com/viewnews/2012-05-23_PhantomHomeAppreciation.html</link>
		<description><![CDATA[Before you run out and start flipping houses, however, know that the sentiment is not universal. For example, Diana Olick at CNB...]]></description>
	</item>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-05-22_HedgeFunderWhoBet100MillionOnTheFacebookIPOJustCalledAndBoyWasHe.html</guid>
		<pubDate>Wed, 23 May 2012 15:30:18 GMT</pubDate>
		<title>Hedge Funder Who Bet $100 Million On The Facebook IPO Just Called And Boy Was He Furious</title>
		<link>http://implode-explode.com/viewnews/2012-05-22_HedgeFunderWhoBet100MillionOnTheFacebookIPOJustCalledAndBoyWasHe.html</link>
		<description><![CDATA[``His allegations/claims/opinions: NASDAQ knew its systems were broken before the Facebook IPO, and instead of aborting the offe...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2012/01/22/a-different-kind-of-bank-scandal/</guid>
		<pubDate>Mon, 23 Jan 2012 04:50:03 GMT</pubDate>
		<title>
A Different Kind Of Bank Scandal
</title>
		<link>http://bankimplode.com/blog/2012/01/22/a-different-kind-of-bank-scandal/</link>
		<description><![CDATA[ATM murders: another dirty little secret of the banking industry. And one they've actively worked to cover up.......]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2008/01/21/what-is-the-abx-index/</guid>
		<pubDate>Tue, 02 Aug 2011 21:40:04 GMT</pubDate>
		<title>
What is the ABX INDEX?
</title>
		<link>http://bankimplode.com/blog/2008/01/21/what-is-the-abx-index/</link>
		<description><![CDATA[An asset-backed securities index is a credit derivative instrument with asset-backed securities as an underlying. On January 17,...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2011/07/16/jp-morgans-off-balance-sheet/</guid>
		<pubDate>Sun, 17 Jul 2011 18:20:04 GMT</pubDate>
		<title>
JP Morgan’s off-Balance Sheet
</title>
		<link>http://bankimplode.com/blog/2011/07/16/jp-morgans-off-balance-sheet/</link>
		<description><![CDATA[The bank lowered its loss provisions by two-thirds... That little rebalancing freed up $1.55 billion to settle gently to the bot...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2009/03/25/penision-implosion/</guid>
		<pubDate>Thu, 02 Jun 2011 19:20:03 GMT</pubDate>
		<title>
Penision Implosion
</title>
		<link>http://bankimplode.com/blog/2009/03/25/penision-implosion/</link>
		<description><![CDATA[First the housing market took a dive. Then the stock market imploded. Now the blast of the bursting credit bubble is taking jobs...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2011/05/26/dealflow-fraud-allegations-erupt-for-fdic-shuttered-usa-bank-of-greenwich-ct/</guid>
		<pubDate>Thu, 26 May 2011 23:30:03 GMT</pubDate>
		<title>
DealFlow: Fraud Allegations Erupt for FDIC-Shuttered USA Bank of Greenwich, CT
</title>
		<link>http://bankimplode.com/blog/2011/05/26/dealflow-fraud-allegations-erupt-for-fdic-shuttered-usa-bank-of-greenwich-ct/</link>
		<description><![CDATA[Here at BankImplode we are running an "enhanced" pickup of a DealFlow piece reported by Teri Buhl in the May 24th, 2011 Distress...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2011/05/19/the-monstrous-house-of-morgan/</guid>
		<pubDate>Fri, 20 May 2011 15:40:03 GMT</pubDate>
		<title>
The Monstrous House of Morgan
</title>
		<link>http://bankimplode.com/blog/2011/05/19/the-monstrous-house-of-morgan/</link>
		<description><![CDATA[Before the credit bubble exploded in the summer of 2007 JP Morgan was considered on the Street to be something less than the bea...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2011/02/20/feeding-on-you/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Feeding On You
</title>
		<link>http://bankimplode.com/blog/2011/02/20/feeding-on-you/</link>
		<description><![CDATA[Nothing better illustrates the snake eating its tail that has become the American economy better than the news that the nice boy...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2010/10/28/is-it-time-to-give-wall-street-a-sopranos-style-intervention/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Is It Time To Give Wall Street A Sopranos Style Intervention?
</title>
		<link>http://bankimplode.com/blog/2010/10/28/is-it-time-to-give-wall-street-a-sopranos-style-intervention/</link>
		<description><![CDATA[Steve Dibert, MFI-Miami The other morning while I was eating my eggs and venison hash, I was watching reruns of The Sopranos on ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/10/18/florida-homeowners-are-losing-the-fight-but-it%E2%80%99s-not-because-of-the-banks/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Florida Homeowners Are Losing The Fight But It’s Not Because Of The Banks
</title>
		<link>http://bankimplode.com/blog/2010/10/18/florida-homeowners-are-losing-the-fight-but-it%E2%80%99s-not-because-of-the-banks/</link>
		<description><![CDATA[Steve Dibert, MFI-Miami Since starting MFI-Miami over two years ago, I’ve seen a lot of craziness in regards to foreclosure resc...]]></description>
	</item>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/09/27/cancer-victim-sues-bofa-over-illegal-foreclosure/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Michigan Cancer Victim Sues BofA Over Illegal Foreclosure
</title>
		<link>http://bankimplode.com/blog/2010/09/27/cancer-victim-sues-bofa-over-illegal-foreclosure/</link>
		<description><![CDATA[From Steve Dibert, MFI-Miami Several months back I wrote an article about Lynne Lucas, a client of MFI-Miami who had been put th...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2008/01/21/level-3-assets/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Level 3 Assets
</title>
		<link>http://bankimplode.com/blog/2008/01/21/level-3-assets/</link>
		<description><![CDATA[EFFECTIVE November 15, 2007, FAS 157 & FAS 159 must be implemented! GET READY FOR NEXT CRISIS! Ed note, spring 2010: 2nd phase o...]]></description>
	</item>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/09/03/can-deflation-catch-a-falling-dollar/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Can “Deflation” Catch a Falling Dollar?
</title>
		<link>http://bankimplode.com/blog/2010/09/03/can-deflation-catch-a-falling-dollar/</link>
		<description><![CDATA[“Inflation is always and everywhere a monetary event,” so sayeth Milton Friedman. Following this intellectual tradition, recentl...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/28/foreclosure-defense-101-lesson-3-don%E2%80%99t-argue-the-legitimacy-of-robo-notaries/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Foreclosure Defense 101 Lesson 3: Don’t Argue the Legitimacy of Robo-Notaries
</title>
		<link>http://bankimplode.com/blog/2010/07/28/foreclosure-defense-101-lesson-3-don%E2%80%99t-argue-the-legitimacy-of-robo-notaries/</link>
		<description><![CDATA[What are Robo-Notaries? Robo-Notaries are usually local title agencies getting paid by Depositors and Trustees to act on their b...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/26/2010-bank-failures-exceed-100-17b-in-fdic-cost/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
2010 Bank Failures Exceed 100, $17.2B in FDIC Cost
</title>
		<link>http://bankimplode.com/blog/2010/07/26/2010-bank-failures-exceed-100-17b-in-fdic-cost/</link>
		<description><![CDATA[The ink was barely dry on our last post with the full tally, when another 7 bit the dust, pushing the total expected FDIC expens...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/22/2010-bank-failures-add-up-to-nearly-17b-fdic-hit/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
2010 Bank Failures Add Up To Nearly $17B FDIC Hit
</title>
		<link>http://bankimplode.com/blog/2010/07/22/2010-bank-failures-add-up-to-nearly-17b-fdic-hit/</link>
		<description><![CDATA[Boy, it really starts to add up, doesn't it? This makes quick work of almost half of the FDIC's $40B pre-payment trick. What nex...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/21/is-bank-of-america-hiding-an-insolvency-problem-from-the-public/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Is Bank of America Hiding an Insolvency Problem From The Public?
</title>
		<link>http://bankimplode.com/blog/2010/07/21/is-bank-of-america-hiding-an-insolvency-problem-from-the-public/</link>
		<description><![CDATA[Steve Dibert, MFI-Miami The cool thing about owning a company like MFI-Miami is that I get to chat on and off the record with a ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/06/29/bofa-fannie-mae-illegally-foreclose-on-michigan-cancer-victim/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
BofA and Fannie Mae Illegally Foreclose on Michigan Cancer Victim
</title>
		<link>http://bankimplode.com/blog/2010/06/29/bofa-fannie-mae-illegally-foreclose-on-michigan-cancer-victim/</link>
		<description><![CDATA[Steve Dibert MFI-Miami I don’t usually blog about pending investigations involving my clients because it could jeopardize any po...]]></description>
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