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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="false">iehi-feed-19141</guid>
		<pubDate>Thu, 02 Jul 2009 21:50:21 GMT</pubDate>
		<title>Is Trust Returning to the Mortgage Industry?</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_IsTrustReturningtotheMortgageIndustry.html</link>
		<description><![CDATA["Trust, however, seems to be coming back, according to Johnson. If people are cautious and not spending money, the government an...]]></description>
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		<guid isPermaLink="false">iehi-feed-19140</guid>
		<pubDate>Thu, 02 Jul 2009 21:40:19 GMT</pubDate>
		<title>Freddie Outsources SFM Custodial Work</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_FreddieOutsourcesSFMCustodialWork.html</link>
		<description><![CDATA["Mortgage giant Freddie Mac (FRE: 0.6107 -4.58%) selected asset manager and securities servicer Bank of New York Mellon as custo...]]></description>
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		<guid isPermaLink="false">iehi-feed-19155</guid>
		<pubDate>Thu, 02 Jul 2009 21:30:18 GMT</pubDate>
		<title>It’s Independence Day, As We Become More Dependent</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_ItsIndependenceDayAsWeBecomeMoreDependent.html</link>
		<description><![CDATA[Writes NY Times business columnist David Leonhardt: “it’s hard not to look back on the last six months and worry that the admini...]]></description>
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		<guid isPermaLink="false">iehi-feed-19139</guid>
		<pubDate>Thu, 02 Jul 2009 17:40:20 GMT</pubDate>
		<title>Loan Modifications: Is This What I'm Supposed To Believe?</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_LoanModificationsIsThisWhatImSupposedToBelieve.html</link>
		<description><![CDATA[Those same banks are now going t''o help you … as long as you come alone to the negotiation. Don’t hire anyone to help you… and ...]]></description>
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		<guid isPermaLink="false">iehi-feed-19138</guid>
		<pubDate>Thu, 02 Jul 2009 17:30:26 GMT</pubDate>
		<title>Yellen: Fed Could Stay at Zero for Years</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_YellenFedCouldStayatZeroforYears.html</link>
		<description><![CDATA["Top Federal Reserve officials said on Tuesday the central bank should not rush to raise interest rates or remove other accommod...]]></description>
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		<guid isPermaLink="false">iehi-feed-19137</guid>
		<pubDate>Thu, 02 Jul 2009 17:30:26 GMT</pubDate>
		<title>Mortgage Applications Collapse</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_MortgageApplicationsCollapse.html</link>
		<description><![CDATA["Another sign that the housing market isn't in recovery mode, or anywhere close yet..."...]]></description>
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		<guid isPermaLink="false">iehi-feed-19135</guid>
		<pubDate>Thu, 02 Jul 2009 17:20:23 GMT</pubDate>
		<title>Risk Pays Off, While Treasury Plays Run Aground</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_RiskPaysOffWhileTreasuryPlaysRunAground.html</link>
		<description><![CDATA[" Corporate bonds and asset-backed securities recovered to levels last seen before the financial world fell apart in September, ...]]></description>
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		<guid isPermaLink="false">iehi-feed-19134</guid>
		<pubDate>Thu, 02 Jul 2009 17:20:23 GMT</pubDate>
		<title>AIG To Repay US $183B; Also, Pigs Soon to Fly</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_AIGToRepayUS183BAlsoPigsSoontoFly.html</link>
		<description><![CDATA[" “American International Group Inc., the insurer bailed out by the U.S., has an “excellent chance” of repaying the government, ...]]></description>
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		<guid isPermaLink="false">iehi-feed-19153</guid>
		<pubDate>Thu, 02 Jul 2009 17:10:18 GMT</pubDate>
		<title>Fitch Takes Action on Older Subprime Mortgage Securitizations</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_FitchTakesActiononOlderSubprimeMortgageSecuritizations.html</link>
		<description><![CDATA["Fitch Ratings took action on thousands of classes of subprime residential mortgage-backed securities (RMBS) issued prior to 200...]]></description>
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		<guid isPermaLink="false">iehi-feed-19152</guid>
		<pubDate>Thu, 02 Jul 2009 17:10:18 GMT</pubDate>
		<title>HUD Expands Making Home Affordable Eligibility</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_HUDExpandsMakingHomeAffordableEligibility.html</link>
		<description><![CDATA["On July 1, 2009, U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced an expansion of the Making Home Aff...]]></description>
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		<guid isPermaLink="false">iehi-feed-19151</guid>
		<pubDate>Thu, 02 Jul 2009 17:10:18 GMT</pubDate>
		<title> Bloomberg Misses Real Story on Latest Official Chinese Comments on Dollar</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_BloombergMissesRealStoryonLatestOfficialChineseCommentsonDollar.html</link>
		<description><![CDATA[" Lordie, is the media incapable of doing anything more than writing up official remarks?"...]]></description>
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		<guid isPermaLink="false">iehi-feed-19132</guid>
		<pubDate>Thu, 02 Jul 2009 17:10:18 GMT</pubDate>
		<title>Overvalued Housing, Bonds, and Stocks </title>
		<link>http://implode-explode.com/viewnews/2009-07-02_OvervaluedHousingBondsandStocks.html</link>
		<description><![CDATA[" Today, almost everyone uses borrowed money to buy a home. That is the standard, and it is creating the bubble in real estate t...]]></description>
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		<guid isPermaLink="false">iehi-feed-19131</guid>
		<pubDate>Thu, 02 Jul 2009 17:00:22 GMT</pubDate>
		<title>After Call From Senator's Office, Small Hawaii Bank Got U.S. Aid</title>
		<link>http://implode-explode.com/viewnews/2009-07-01_AfterCallFromSenatorsOfficeSmallHawaiiBankGotUSAid.html</link>
		<description><![CDATA["Sen. Daniel K. Inouye's staff contacted federal regulators last fall to ask about the bailout application of an ailing Hawaii b...]]></description>
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		<guid isPermaLink="false">iehi-feed-19148</guid>
		<pubDate>Thu, 02 Jul 2009 16:50:20 GMT</pubDate>
		<title>United Western Bancorp sells MBS for less than a penny on the dollar</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_UnitedWesternBancorpsellsMBSforlessthanapennyonthedollar.html</link>
		<description><![CDATA[United Western receives $378,000 for $47.3 million of mortgage-backed securities, backed primarily by option ARM loans: United W...]]></description>
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		<guid isPermaLink="false">iehi-feed-19147</guid>
		<pubDate>Thu, 02 Jul 2009 16:40:23 GMT</pubDate>
		<title>Risk Cuts at Morgan May Lead to a Loss</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_RiskCutsatMorganMayLeadtoaLoss.html</link>
		<description><![CDATA[Last year, after the financial crisis, Morgan Stanley made a decision that its biggest rivals avoided: burned by the crisis, it ...]]></description>
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		<guid isPermaLink="false">iehi-feed-19144</guid>
		<pubDate>Thu, 02 Jul 2009 16:20:19 GMT</pubDate>
		<title>Big Pay Packages Return to Wall Street </title>
		<link>http://implode-explode.com/viewnews/2009-07-02_BigPayPackagesReturntoWallStreet.html</link>
		<description><![CDATA[Business is back on Wall Street. If the good times continue to roll, lofty pay packages may be set for a comeback as well. Based...]]></description>
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		<guid isPermaLink="false">iehi-feed-19126</guid>
		<pubDate>Thu, 02 Jul 2009 15:00:18 GMT</pubDate>
		<title>O'Brien: FTC attempts to regulate blogging will fail  </title>
		<link>http://implode-explode.com/viewnews/2009-07-01_OBrienFTCattemptstoregulatebloggingwillfail.html</link>
		<description><![CDATA["f the Federal Trade Commission was looking for a fight, then announcing new regulations for bloggers was a good way to start on...]]></description>
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		<guid isPermaLink="false">iehi-feed-19143</guid>
		<pubDate>Thu, 02 Jul 2009 14:50:18 GMT</pubDate>
		<title>The June Non-farm Payrolls Report</title>
		<link>http://implode-explode.com/viewnews/2009-07-02_TheJuneNonfarmPayrollsReport.html</link>
		<description><![CDATA["The headline jobs number came out worse than expected, and the paint peeled off the US stocks tape from its recent run into the...]]></description>
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		<guid isPermaLink="false">iehi-feed-19125</guid>
		<pubDate>Thu, 02 Jul 2009 14:40:22 GMT</pubDate>
		<title>Freddie Mac receives additional $6.1B from gov't</title>
		<link>http://implode-explode.com/viewnews/2009-07-01_FreddieMacreceivesadditional61Bfromgovt.html</link>
		<description><![CDATA["Battered mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting...]]></description>
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		<guid isPermaLink="false">iehi-feed-19123</guid>
		<pubDate>Thu, 02 Jul 2009 14:30:18 GMT</pubDate>
		<title>Obama widens mortgage refi program</title>
		<link>http://implode-explode.com/viewnews/2009-07-01_Obamawidensmortgagerefiprogram.html</link>
		<description><![CDATA["With home prices still falling, administration opens up rescue program to homeowners whose loans are 125% of their home's value...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2539</guid>
		<pubDate>Thu, 02 Jul 2009 00:10:18 GMT</pubDate>
		<title>But Only on Sunday</title>
		<link>http://bankimplode.com/blog/2009/06/24/but-only-on-sunday/</link>
		<description><![CDATA[Information is the lifeblood of freedom, financial and political. The new media are the gatekeepers to the info-flow, so it is n...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2322</guid>
		<pubDate>Thu, 02 Jul 2009 00:00:19 GMT</pubDate>
		<title>Anti Trust The Government</title>
		<link>http://bankimplode.com/blog/2009/05/12/anti-trust-the-government/</link>
		<description><![CDATA[The government under Roosevelt’s (Teddy) administration busted up Standard Oil. John D. Rockefeller was informed of it’s action ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2454</guid>
		<pubDate>Wed, 01 Jul 2009 23:50:19 GMT</pubDate>
		<title>Mish Misses It</title>
		<link>http://bankimplode.com/blog/2009/06/10/mish-misses-it/</link>
		<description><![CDATA[The problem with listening to Mike Mish Shedlock make his deflation argument isn’t that he doesn’t know what he’s talking about,...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2348</guid>
		<pubDate>Wed, 01 Jul 2009 23:40:17 GMT</pubDate>
		<title>There Will Be Food Riots</title>
		<link>http://bankimplode.com/blog/2009/05/19/there-will-be-food-riots/</link>
		<description><![CDATA[Think this is no biggie, think again, this is how food riots begin. More lenders are tightening their restrictions for agricultu...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2290</guid>
		<pubDate>Wed, 01 Jul 2009 23:30:22 GMT</pubDate>
		<title>CZAR</title>
		<link>http://bankimplode.com/blog/2009/05/09/czar/</link>
		<description><![CDATA[Anyone who doesn’t believe that the The Federal Reserve is moving for one world dictatorship had better open at least one blind ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2266</guid>
		<pubDate>Wed, 01 Jul 2009 23:20:20 GMT</pubDate>
		<title>Stress Release</title>
		<link>http://bankimplode.com/blog/2009/05/08/stress-release/</link>
		<description><![CDATA[Another piece of the million moving parts of Obama’s economic stimulus was put into play today as the FED released the results o...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2263</guid>
		<pubDate>Wed, 01 Jul 2009 23:10:19 GMT</pubDate>
		<title>Lies, Damed Lies and the Lies Krugman Tells</title>
		<link>http://bankimplode.com/blog/2009/05/06/lies-damed-lies-and-the-lies-krugman-tells/</link>
		<description><![CDATA[There are lies dammed lies and then the ones Paul Krugman tells, his do the most damage. Why? Because people believe him, and be...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2393</guid>
		<pubDate>Wed, 01 Jul 2009 23:00:19 GMT</pubDate>
		<title>Krugman’s Nobel Sell Out</title>
		<link>http://bankimplode.com/blog/2009/05/26/krugmans-nobel-sell-out/</link>
		<description><![CDATA[The Federal reserve is a cartel of private banks created in 1913 principally by J.P. Morgan and John D. Rockefeller. History say...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2250</guid>
		<pubDate>Wed, 01 Jul 2009 22:50:22 GMT</pubDate>
		<title>Housing Hype</title>
		<link>http://bankimplode.com/blog/2009/05/04/housing-hype/</link>
		<description><![CDATA[There is a lota hype and horse spittle swirling around the main stream financial media spin rooms today over the pending homes s...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2583</guid>
		<pubDate>Wed, 01 Jul 2009 22:40:19 GMT</pubDate>
		<title>Times of a Kind</title>
		<link>http://bankimplode.com/blog/2009/07/01/times-of-a-kind/</link>
		<description><![CDATA[It was a time when doing our best for others meant bringing out our worst, out into the streets, beyond the reach of the politic...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2549</guid>
		<pubDate>Fri, 26 Jun 2009 03:50:18 GMT</pubDate>
		<title>Citi Cover Up</title>
		<link>http://bankimplode.com/blog/2009/06/25/citi-cover-up/</link>
		<description><![CDATA[Citigroup share holders and taxpayers alike thought the blood bath in what at onetime was the worlds biggest bank would never en...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2543</guid>
		<pubDate>Thu, 25 Jun 2009 17:00:20 GMT</pubDate>
		<title>Don Bernake</title>
		<link>http://bankimplode.com/blog/2009/06/25/don-bernake/</link>
		<description><![CDATA[My favorite movie of all time is the godfather. Not for the gangster violence as much as the metaphor it draws. What a strange c...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2516</guid>
		<pubDate>Thu, 25 Jun 2009 05:30:18 GMT</pubDate>
		<title>Kiss Your’s Good-By</title>
		<link>http://bankimplode.com/blog/2009/06/22/kiss-yours-good-by/</link>
		<description><![CDATA[I didn’t feel this threatened when the patriot act was passed and certainly no other act of man or law could be so treasonous. N...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2487</guid>
		<pubDate>Thu, 25 Jun 2009 05:20:19 GMT</pubDate>
		<title>No Inflation, Wanna Bet?</title>
		<link>http://bankimplode.com/blog/2009/06/17/no-inflation-wanna-bet/</link>
		<description><![CDATA[As the inflation deflation debate rages I have noticed that there are several different definitions of inflation in play. Lackin...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2479</guid>
		<pubDate>Thu, 25 Jun 2009 05:10:17 GMT</pubDate>
		<title>Debt Trap</title>
		<link>http://bankimplode.com/blog/2009/06/16/debt-trap/</link>
		<description><![CDATA[Keynesian economics was developed to provide academic cover to a theory so blatantly flawed as to render it defenseless under an...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2433</guid>
		<pubDate>Thu, 25 Jun 2009 05:00:22 GMT</pubDate>
		<title>Bernanke’s Deficit</title>
		<link>http://bankimplode.com/blog/2009/06/03/bernankes-deficit/</link>
		<description><![CDATA[On the face of it you might be persuaded that Ron Paul had finally sunk some sense into Ben Bernanke, as the Feds chief Fed spea...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2407</guid>
		<pubDate>Thu, 25 Jun 2009 04:50:20 GMT</pubDate>
		<title>Krugman Cramer and Hitmen Coming</title>
		<link>http://bankimplode.com/blog/2009/06/03/krugman-cramer-and-hitmen-coming/</link>
		<description><![CDATA[No truer testament to the power of making money from nothing exists than the way that sanction, single and singular, has taken t...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2399</guid>
		<pubDate>Thu, 25 Jun 2009 04:40:24 GMT</pubDate>
		<title>End Game</title>
		<link>http://bankimplode.com/blog/2009/05/28/end-game/</link>
		<description><![CDATA[This falls in the you had better take it seriously category as it is the continuation or End Game of the New World Order. It is ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2360</guid>
		<pubDate>Thu, 25 Jun 2009 04:30:20 GMT</pubDate>
		<title>Snake in The Grass</title>
		<link>http://bankimplode.com/blog/2009/05/22/snake-in-the-grass/</link>
		<description><![CDATA[Morgan Stanley prospered in the credit bubble is an investment banks peddling all manner of subprime snake oil and toxic contagi...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/?p=2330</guid>
		<pubDate>Thu, 25 Jun 2009 04:20:20 GMT</pubDate>
		<title>Same Ol Same Ole JP Morgan</title>
		<link>http://bankimplode.com/blog/2009/05/17/same-ol-same-ole-jp-morgan/</link>
		<description><![CDATA[Armed with their new Mark-to-Mickey Mouse accounting sub-standards, J.P. Morgan felt free to report their fiscal first quarter 2...]]></description>
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