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	<title>Mortgage Crisis Daily &#187; Economic Impact</title>
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	<link>http://crisis.lenderwatch.org</link>
	<description>The Subprime Mortgage Crisis Before, During, and After</description>
	<lastBuildDate>Thu, 09 Feb 2012 14:25:27 +0000</lastBuildDate>
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		<item>
		<title>How to start a consumer advocacy organization</title>
		<link>http://crisis.lenderwatch.org/news/947</link>
		<comments>http://crisis.lenderwatch.org/news/947#comments</comments>
		<pubDate>Fri, 23 Dec 2011 17:59:57 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[auto finance]]></category>
		<category><![CDATA[law clerks]]></category>
		<category><![CDATA[Mortgage brokers]]></category>
		<category><![CDATA[predatory lender]]></category>
		<category><![CDATA[telephone payment fee]]></category>

		<guid isPermaLink="false">http://crisis.lenderwatch.org/?p=947</guid>
		<description><![CDATA[Those on active duty did not survive Somalia, Saudi Arabia, Lebanon Bosnia, Kosovo, Afghanistan, Haiti, and Panama, only to be attacked financially. In fact some of the kids did not survive, and are no longer with us.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>S&amp;P Downgrade &#8211; where was S&amp;P 4 years ago?</title>
		<link>http://crisis.lenderwatch.org/news/810</link>
		<comments>http://crisis.lenderwatch.org/news/810#comments</comments>
		<pubDate>Tue, 09 Aug 2011 12:46:33 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[American Debt]]></category>
		<category><![CDATA[credit downgrade]]></category>
		<category><![CDATA[mortgage backed securities]]></category>
		<category><![CDATA[S&P]]></category>
		<category><![CDATA[Standard and Poors]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=810</guid>
		<description><![CDATA[By TOM RAUM Associated Press The S&#038;P downgrade was more of a statement on the toxic political landscape in Washington than a comment on the nation&#8217;s ability to pay its bills. But S&#038;P has its own checkered history. Just a few years ago, the company gave its top triple-A rating to some of the mortgage-backed<a href="http://crisis.lenderwatch.org/news/810" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/810/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China Owns the United States so China Comdemns US</title>
		<link>http://crisis.lenderwatch.org/news/806</link>
		<comments>http://crisis.lenderwatch.org/news/806#comments</comments>
		<pubDate>Sat, 06 Aug 2011 12:39:26 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[credit downgrade]]></category>
		<category><![CDATA[global currency]]></category>
		<category><![CDATA[US debt]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=806</guid>
		<description><![CDATA[China roundly condemned the United States for its &#8220;debt addiction&#8221; and &#8220;short sighted&#8221; political wrangling and said the world needed a new stable global reserve currency. &#8220;China, the largest creditor of the world&#8217;s sole superpower, has every right now to demand the United States address its structural debt problems and ensure the safety of China&#8217;s<a href="http://crisis.lenderwatch.org/news/806" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/806/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Number of troubled banks continues to rise</title>
		<link>http://crisis.lenderwatch.org/news/792</link>
		<comments>http://crisis.lenderwatch.org/news/792#comments</comments>
		<pubDate>Thu, 20 May 2010 14:47:17 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Federal Deposit Insurance Corp.]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[USD]]></category>
		<category><![CDATA[WASHINGTON]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=792</guid>
		<description><![CDATA[WASHINGTON – The government says the number of troubled banks kept growing last quarter even as the industry as a whole had its best quarter in two years. The Federal Deposit Insurance Corp. says the number of banks on its confidential &#8220;problem&#8221; list leaped to 775 from 702 in the January-March period. But banks overall<a href="http://crisis.lenderwatch.org/news/792" class="read-more">Continue Reading</a>]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Moody&#8217;s Downgrades $42.2 Billion of Subprime RMBS</title>
		<link>http://crisis.lenderwatch.org/news/730</link>
		<comments>http://crisis.lenderwatch.org/news/730#comments</comments>
		<pubDate>Sat, 17 Apr 2010 05:36:31 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Moody's]]></category>
		<category><![CDATA[Moodys Investment Service]]></category>
		<category><![CDATA[USD]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=730</guid>
		<description><![CDATA[This week Moodys Investment Service downgraded its ratings on a total of $42.2 billion of residential mortgage-backed securities (RMBS) made up of subprime home loans. The agency said the downgrades are a result of “continued performance deterioration in subprime pools,” which is likely to worsen further as still-falling home prices and high unemployment trigger more<a href="http://crisis.lenderwatch.org/news/730" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/730/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Economic crisis still looms as winter looms nearby</title>
		<link>http://crisis.lenderwatch.org/news/677</link>
		<comments>http://crisis.lenderwatch.org/news/677#comments</comments>
		<pubDate>Fri, 02 Oct 2009 13:53:35 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[America]]></category>
		<category><![CDATA[Bank balances]]></category>
		<category><![CDATA[Center for Economic and Policy Research]]></category>
		<category><![CDATA[co-director]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[US Federal Reserve]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=677</guid>
		<description><![CDATA[This is the quote of the week at Mortgage Blues: &#8220;&#8221;People have been celebrating that we’re through the financial crisis, but the underlying issues are all still there,&#8221; said Dean Baker, co-director of the Center for Economic and Policy Research. &#8220;We’ve lost trillions of dollars in housing wealth, and consumption’s going to be weak. It’s<a href="http://crisis.lenderwatch.org/news/677" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/677/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Evil mortgages cause job losses, strain social security</title>
		<link>http://crisis.lenderwatch.org/news/671</link>
		<comments>http://crisis.lenderwatch.org/news/671#comments</comments>
		<pubDate>Mon, 28 Sep 2009 13:33:30 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=671</guid>
		<description><![CDATA[Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years, the first time that’s happened since the 1980s. It is just another case of fallout from greedy lenders and bad mortgages. This time<a href="http://crisis.lenderwatch.org/news/671" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/671/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Household spending too weak to help &#8211; just like 1929</title>
		<link>http://crisis.lenderwatch.org/news/640</link>
		<comments>http://crisis.lenderwatch.org/news/640#comments</comments>
		<pubDate>Tue, 08 Sep 2009 22:21:46 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=640</guid>
		<description><![CDATA[The problem went far beyond mortgages and opportunists. Greed almost stopped the American economy. Too many unemployed, too many reduced credit limits, and too many homeowners are upside down in the value of their homes. Total U.S. consumer credit fell by a record $21.6 billion in July, Federal Reserve data showed on Tuesday, the latest<a href="http://crisis.lenderwatch.org/news/640" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/640/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Almost half of all mortgages underwater by 2011 &#8211; See how</title>
		<link>http://crisis.lenderwatch.org/news/627</link>
		<comments>http://crisis.lenderwatch.org/news/627#comments</comments>
		<pubDate>Mon, 10 Aug 2009 15:09:53 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=627</guid>
		<description><![CDATA[Austin Kilgore wrote an article about predictions from Deutsche Bank concerning the mortgage market and the financial position of homeowners. While we certainly saw mortgage blues on the horizon well before the summer of 2007, Kilgore&#8217;s article shocked even us. By 2011, Deutsche predicts 89% of option ARM borrowers will be underwater, up from 77%<a href="http://crisis.lenderwatch.org/news/627" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/627/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>More banks shut down in three states</title>
		<link>http://crisis.lenderwatch.org/news/611</link>
		<comments>http://crisis.lenderwatch.org/news/611#comments</comments>
		<pubDate>Sat, 20 Jun 2009 13:02:05 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=611</guid>
		<description><![CDATA[As June 2009 rolls on more banks were shut down by the FDIC. In a recent article we asked &#8220;What is the main problem with banking in Atlanta Georgia? Perhaps the question should be &#8220;What&#8217;s wrong in Georgia?&#8221; Banks in Georgia, North Carolina and Kansas with total assets of $1.5 billion were closed yesterday, bringing<a href="http://crisis.lenderwatch.org/news/611" class="read-more">Continue Reading</a>]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/611/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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