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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>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_JurowAnotherHousingCollapseIsComingSoon.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:50:22 GMT</pubDate>
		<title>Jurow - "Another Housing Collapse Is Coming Soon"</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_JurowAnotherHousingCollapseIsComingSoon.html</link>
		<description><![CDATA[The HELOC boom began in 2003. Most of these revolving lines of credit were interest-only loans for the first ten years. After th...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_MyFinancialRecoveryPlanfortheMiddleClassWhistleWhileYouWorkMande.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:50:22 GMT</pubDate>
		<title>My Financial Recovery Plan for the Middle Class: Whistle While You Work - Mandelman Matters</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_MyFinancialRecoveryPlanfortheMiddleClassWhistleWhileYouWorkMande.html</link>
		<description><![CDATA[``interview well, and you'll be a part of the family at any number of the titans the financial services industry... Report the c...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-04_JPMorganandMFGlobalTakeTheMoneyAndRun.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:40:52 GMT</pubDate>
		<title>JP Morgan and MF Global -- Take The Money And Run?</title>
		<link>http://implode-explode.com/viewnews/2012-06-04_JPMorganandMFGlobalTakeTheMoneyAndRun.html</link>
		<description><![CDATA[``Today though a more complex legal issue resurfaced for JPMorgan. The trustee for the failed brokerage firm MF Global released ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_AnalysisHowMorganStanleysanktojunkpricing.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:40:52 GMT</pubDate>
		<title>Analysis: How Morgan Stanley sank to junk pricing</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_AnalysisHowMorganStanleysanktojunkpricing.html</link>
		<description><![CDATA[Even before any downgrade, the bank is suffering in the bond markets. Prices for Morgan Stanley's bonds and credit derivatives h...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_GrantWilliamsThingsThatMakeYouGoHmm20120602.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:40:52 GMT</pubDate>
		<title>Grant Williams - "Things That Make You Go Hmm...", 2012-06-02</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_GrantWilliamsThingsThatMakeYouGoHmm20120602.html</link>
		<description><![CDATA[A great, long (but nicely-flowing) read covering the latest developments in the global economy, with historical context. Good Su...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_MFIMiamiMichiganCourtRevealedForNotReadingorIgnoringBrokenChaino.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:40:52 GMT</pubDate>
		<title>MFI-Miami: Michigan Court Revealed For "Not Reading" or Ignoring Broken Chain of Title Arguments</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_MFIMiamiMichiganCourtRevealedForNotReadingorIgnoringBrokenChaino.html</link>
		<description><![CDATA[``The Everbank v. Zeer COA ruling show how important county judges are and yet they are usually overlooked by voters. This year ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-04_BankofAmericaAccusedofHidingBadNewsonMerrillBeforeBuyout.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:30:05 GMT</pubDate>
		<title>Bank of America Accused of Hiding Bad News on Merrill Before Buyout</title>
		<link>http://implode-explode.com/viewnews/2012-06-04_BankofAmericaAccusedofHidingBadNewsonMerrillBeforeBuyout.html</link>
		<description><![CDATA[Top executives at Bank of America (BAC) did not tell shareholders just prior to a 2008 vote on its purchase of Merrill Lynch & C...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-04_SPSays1in3ChanceGreeceWillExitEurozone.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:30:05 GMT</pubDate>
		<title>S&P Says 1 in 3 Chance Greece Will Exit Eurozone</title>
		<link>http://implode-explode.com/viewnews/2012-06-04_SPSays1in3ChanceGreeceWillExitEurozone.html</link>
		<description><![CDATA[So it's certain -- ``In a statement, S&P said, "we believe there is at least a one-in-three chance of Greece exiting the eurozon...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-04_JrmeKervielseekstoputSocGenindockover5bnloss.html</guid>
		<pubDate>Mon, 04 Jun 2012 19:30:05 GMT</pubDate>
		<title>Jérôme Kerviel seeks to put SocGen in dock over €5bn loss</title>
		<link>http://implode-explode.com/viewnews/2012-06-04_JrmeKervielseekstoputSocGenindockover5bnloss.html</link>
		<description><![CDATA[``Kerviel told the Paris court of appeal on Monday the losses, caused by unauthorised and high-risk betting on the futures marke...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_LastPreElectionPollsResultsShowSYRIZASupportat315percent.html</guid>
		<pubDate>Mon, 04 Jun 2012 01:40:10 GMT</pubDate>
		<title>Last Pre-Election Polls Results Show SYRIZA Support at 31.5 percent</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_LastPreElectionPollsResultsShowSYRIZASupportat315percent.html</link>
		<description><![CDATA[``I rate Syriza a 2-1 favorite to win the election with a similar chance of actually forming a coalition government if they do. ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_Morganreportedlyreturns600millioninMFGlobalcustomerfunds.html</guid>
		<pubDate>Mon, 04 Jun 2012 01:00:27 GMT</pubDate>
		<title>Morgan reportedly returns $600 million in MF Global customer funds</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_Morganreportedlyreturns600millioninMFGlobalcustomerfunds.html</link>
		<description><![CDATA[Bank officials have said J.P. Morgan never intentionally accepted or held on to money that belonged in segregated customer accou...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_WellsFargoSeizesStocktonCaliforniaCityHallParkingGaragesCityPrep.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:50:27 GMT</pubDate>
		<title>Wells Fargo Seizes Stockton California City Hall, Parking Garages; City Prepares Bankruptcy Contingency Plans; Bondholder Mediation Underway</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_WellsFargoSeizesStocktonCaliforniaCityHallParkingGaragesCityPrep.html</link>
		<description><![CDATA[The Stockton City Council announced Wednesday that they will look at bankruptcy contingency plans after Wells Fargo seized the n...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-03_IntheWordsofGoldmanSachsCEOLordBlankcheckMandelman.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:40:22 GMT</pubDate>
		<title>In the Words of Goldman Sachs CEO, Lord Blankcheck... - Mandelman</title>
		<link>http://implode-explode.com/viewnews/2012-06-03_IntheWordsofGoldmanSachsCEOLordBlankcheckMandelman.html</link>
		<description><![CDATA[``The lyrics just below are to be sung to "On the Street Where You Live," from the musical, "My Fair Lady," which starred Rex Ha...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_TheMortgageFraudFraudJoeNocera.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:40:22 GMT</pubDate>
		<title>The Mortgage Fraud Fraud - Joe Nocera</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_TheMortgageFraudFraudJoeNocera.html</link>
		<description><![CDATA[... not a single top executive at any of the firms that nearly brought down the financial system has spent so much as a day in j...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_BrooklynsBoominBrownstones.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:30:25 GMT</pubDate>
		<title>Brooklyn's Boom in Brownstones</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_BrooklynsBoominBrownstones.html</link>
		<description><![CDATA[``the feature still most likely to draw people is not something new and shiny but old and reliable: good bones. Many buyers re-e...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_AndThisWeekATurnForTheWorseDougNoland.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:30:25 GMT</pubDate>
		<title>And This Week A Turn For The Worse - Doug Noland</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_AndThisWeekATurnForTheWorseDougNoland.html</link>
		<description><![CDATA[If things went from "bad to worse" two weeks ago, they took a major "turn for the worse" this past week... Alarmingly, fears of ...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_RickRuleMarketWarmsUpToGoldRightfully.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:20:23 GMT</pubDate>
		<title>Rick Rule - Market Warms Up To Gold (Rightfully)</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_RickRuleMarketWarmsUpToGoldRightfully.html</link>
		<description><![CDATA[``"I suspect that today we are seeing the beginnings of a more conventional trade, the realization that the entire fiat currency...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_SpainsPrimeMinisterBegsforEuropeanFiscalNannyZone.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:20:23 GMT</pubDate>
		<title>Spain's Prime Minister Begs for European Fiscal "NannyZone"</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_SpainsPrimeMinisterBegsforEuropeanFiscalNannyZone.html</link>
		<description><![CDATA[`` Rajoy says he wants this "Nannyzone", but would he actually obey the dictates of the Nannycrats if they ordered Spain to live...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_WorldGoldCouncilAcknowledgesCentralBanksAcquiringGoldAsReserveAs.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:10:09 GMT</pubDate>
		<title>World Gold Council Acknowledges Central Banks Acquiring Gold As Reserve Asset Again</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_WorldGoldCouncilAcknowledgesCentralBanksAcquiringGoldAsReserveAs.html</link>
		<description><![CDATA[the World Gold Council moved to "incorporate official sector purchases as an element of gold demand" (my emphasis) in its fundam...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-06-02_WhyAGrexitWouldMakeLehmanLookLikeChildsPlay.html</guid>
		<pubDate>Mon, 04 Jun 2012 00:10:09 GMT</pubDate>
		<title>Why A Grexit Would Make Lehman Look Like Childs Play</title>
		<link>http://implode-explode.com/viewnews/2012-06-02_WhyAGrexitWouldMakeLehmanLookLikeChildsPlay.html</link>
		<description><![CDATA[With the ECB, EFSF, and IMF all taking big losses, their credibility is hurt. Worse than that, they have exposure to Portugal, I...]]></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>
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		<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>
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		<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>
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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>
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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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		<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>
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	<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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