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	<title>Mortgage Crisis Daily &#187; Derivatives</title>
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	<link>http://crisis.lenderwatch.org</link>
	<description>The Subprime Mortgage Crisis Before, During, and After</description>
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		<title>Walls street banks and derivative ban proposed</title>
		<link>http://crisis.lenderwatch.org/news/755</link>
		<comments>http://crisis.lenderwatch.org/news/755#comments</comments>
		<pubDate>Sat, 24 Apr 2010 17:20:59 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Senate]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=755</guid>
		<description><![CDATA[Senate aides inched closer Friday to combining separate bills that would establish oversight of the vast market for derivatives, an effort central to the ongoing push to revamp the nation&#8217;s financial regulations. The Senate banking and agricultural committees, which share jurisdiction over parts of the derivatives market, recently passed different versions of legislation with a<a href="http://crisis.lenderwatch.org/news/755" class="read-more">Continue Reading</a>]]></description>
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		<title>Derivatives have no value of their own</title>
		<link>http://crisis.lenderwatch.org/news/753</link>
		<comments>http://crisis.lenderwatch.org/news/753#comments</comments>
		<pubDate>Sat, 24 Apr 2010 12:52:02 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[energy prices]]></category>
		<category><![CDATA[speculator]]></category>

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		<description><![CDATA[Derivatives are invented securities such as futures contracts, collateralized debt obligations, and credit-default swaps that are related to real assets or events but have no inherent value of their own. They have legitimate uses, such as allowing airlines to hedge against wild swings in energy prices, so they can better control costs. But derivatives are<a href="http://crisis.lenderwatch.org/news/753" class="read-more">Continue Reading</a>]]></description>
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		<title>Derivatives loopholes are a clear and present danger</title>
		<link>http://crisis.lenderwatch.org/news/519</link>
		<comments>http://crisis.lenderwatch.org/news/519#comments</comments>
		<pubDate>Fri, 14 Nov 2008 16:39:42 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[Bush administration]]></category>
		<category><![CDATA[Commodity Futures Trading Commission]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Securities and Exchange Commission]]></category>
		<category><![CDATA[U.S. government]]></category>
		<category><![CDATA[US Federal Reserve]]></category>

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		<description><![CDATA[This is a classic case of too little too late from the U.S. government. For a problem that was a clear and present danger to the United States years ago, the Bush administration took action Friday (November 14, 2008) to strengthen government oversight of derivatives trading and close the loopholes that have allowed these complex<a href="http://crisis.lenderwatch.org/news/519" class="read-more">Continue Reading</a>]]></description>
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