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	<title>Mortgage Crisis Daily &#187; Government Positions</title>
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	<link>http://crisis.lenderwatch.org</link>
	<description>The Subprime Mortgage Crisis Before, During, and After</description>
	<lastBuildDate>Tue, 07 Feb 2012 19:48:59 +0000</lastBuildDate>
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		<title>Subprime mortgage blues result in new laws</title>
		<link>http://crisis.lenderwatch.org/news/795</link>
		<comments>http://crisis.lenderwatch.org/news/795#comments</comments>
		<pubDate>Fri, 21 May 2010 12:50:30 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=795</guid>
		<description><![CDATA[We finally came full circle relative to subprime, mortgage blues, and the subsequent recession. What we could not see in 2006 are new laws enacted today. Under sweeping financial overhauls that have now passed the House and Senate, home buyers won&#8217;t be able to get a mortgage without producing pay stubs or other evidence they [...]]]></description>
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		<item>
		<title>Senate hammers credit rating agencies</title>
		<link>http://crisis.lenderwatch.org/news/785</link>
		<comments>http://crisis.lenderwatch.org/news/785#comments</comments>
		<pubDate>Fri, 14 May 2010 12:43:08 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[investor]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=785</guid>
		<description><![CDATA[continuing to react to the mortgage crisis be creating new laws, one more law is on the books. Earlier Thursday, senators dealt a blow to the nation&#8217;s largest credit-rating agencies, approving tough new rules for the industry and voting to remove the government&#8217;s formal endorsement of a handful of firms. Sen. Al Franken (D-Minn.) had [...]]]></description>
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		<item>
		<title>NY attorney general investigating eight banks</title>
		<link>http://crisis.lenderwatch.org/news/784</link>
		<comments>http://crisis.lenderwatch.org/news/784#comments</comments>
		<pubDate>Thu, 13 May 2010 13:16:53 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Credit Agricole]]></category>
		<category><![CDATA[Credit Suisse]]></category>
		<category><![CDATA[Deutsche Bank]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[investigation]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/784</guid>
		<description><![CDATA[The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on Thursday. New York Attorney General Andrew Cuomo&#8217;s office issued subpoenas late on Wednesday notifying the banks of his investigation, the Times reported on its [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Law stops mortgage kickbacks and liar loans</title>
		<link>http://crisis.lenderwatch.org/news/782</link>
		<comments>http://crisis.lenderwatch.org/news/782#comments</comments>
		<pubDate>Wed, 12 May 2010 15:10:51 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[United States Senate]]></category>
		<category><![CDATA[WASHINGTON]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=782</guid>
		<description><![CDATA[WASHINGTON, May 12 (Reuters) &#8211; The U.S. Senate on Wednesday voted to end mortgage kickbacks and so-called &#8220;liar loans,&#8221; two lending practices that played a role in the meltdown of the subprime mortgage market. By a 63-36 vote, the Senate adopted a measure that would prohibit mortgage lenders from offering incentives to brokers who steer [...]]]></description>
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		<item>
		<title>SEC investigators look at ratings agencies</title>
		<link>http://crisis.lenderwatch.org/news/779</link>
		<comments>http://crisis.lenderwatch.org/news/779#comments</comments>
		<pubDate>Tue, 11 May 2010 14:15:31 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[McGraw-Hill Companies]]></category>
		<category><![CDATA[Moody's Corp.]]></category>
		<category><![CDATA[Securities and Exchange Commission]]></category>
		<category><![CDATA[Standard & Poor's]]></category>
		<category><![CDATA[U.S. Securities and Exchange Commission]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=779</guid>
		<description><![CDATA[In a pay-to-play game ratings agencies were trusted by Americans until problems becmae obvious in 2007. An SEC investigation of ratings agencies could turn up some interesting facts. While the Dow Jones Industrial Average rose almost 4 percent Monday, share prices for Moody&#8217;s Corp. tumbled 7.19 percent as investors digested confirmation of a Securities and [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Spinning off derivatives could cost banks billions</title>
		<link>http://crisis.lenderwatch.org/news/766</link>
		<comments>http://crisis.lenderwatch.org/news/766#comments</comments>
		<pubDate>Mon, 26 Apr 2010 12:37:50 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Banking Committee]]></category>
		<category><![CDATA[Chairman]]></category>
		<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[Obama administration]]></category>
		<category><![CDATA[Senate]]></category>
		<category><![CDATA[Senate Agriculture Committee]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=766</guid>
		<description><![CDATA[A Democratic official familiar with Senate banking negotiations says a provision that would force banks to spin off their derivatives operations will be incorporated into sweeping regulatory legislation despite Obama administration misgivings. The provision would cost the nation&#8217;s largest banks billions of dollars in business. In an agreement struck Sunday, Banking Committee Chairman Christopher Dodd [...]]]></description>
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		</item>
		<item>
		<title>3 People we can blame for the financial crisis</title>
		<link>http://crisis.lenderwatch.org/news/758</link>
		<comments>http://crisis.lenderwatch.org/news/758#comments</comments>
		<pubDate>Sun, 25 Apr 2010 14:55:17 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Bob Rubin]]></category>
		<category><![CDATA[Commodity Futures Trading Corporation]]></category>
		<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[Greenspan]]></category>
		<category><![CDATA[investment banking]]></category>
		<category><![CDATA[Larry Summers]]></category>
		<category><![CDATA[Robert Reich]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=758</guid>
		<description><![CDATA[One of our most popular articles discusses repeal of Glass Steagall. Robert Reich is Professor of Public Policy at the University of California at Berkeley. He has served in three national administrations. He also explains why our article was so popular: If any three people are most responsible for the failure of financial regulation, they [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>OCC fought state authority to protect lenders</title>
		<link>http://crisis.lenderwatch.org/news/750</link>
		<comments>http://crisis.lenderwatch.org/news/750#comments</comments>
		<pubDate>Sat, 24 Apr 2010 12:24:38 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Arthur Wilmarth]]></category>
		<category><![CDATA[George Washington University]]></category>
		<category><![CDATA[Illinois]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[Lisa Madigan]]></category>
		<category><![CDATA[Office of Thrift Supervision]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=750</guid>
		<description><![CDATA[Arthur Wilmarth, law professor at George Washington University, believes the OCC, along with the Office of Thrift Supervision, had a lot to do with why subprime loans became as big a problem as it did, by taking the power to supervise banks away from the states. Lisa Madigan, the attorney general of Illinois, said in [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Senior SEC staff surfed porn sites while economy crashed</title>
		<link>http://crisis.lenderwatch.org/news/740</link>
		<comments>http://crisis.lenderwatch.org/news/740#comments</comments>
		<pubDate>Fri, 23 Apr 2010 11:00:00 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Internet access]]></category>
		<category><![CDATA[The Associated Press]]></category>
		<category><![CDATA[Websense Inc.]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=740</guid>
		<description><![CDATA[Senior SEC staffers spent hours surfing pornographic websites on government-issued computers while they were supposed to be policing the nation&#8217;s financial system. California Rep. Darrell Issa, the top Republican on the House Oversight and Government Reform Committee, said it was &#8220;disturbing that high-ranking officials within the SEC were spending more time looking at porn than [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>SEC finally sues New Century Financial Corp</title>
		<link>http://crisis.lenderwatch.org/news/688</link>
		<comments>http://crisis.lenderwatch.org/news/688#comments</comments>
		<pubDate>Wed, 09 Dec 2009 20:04:38 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=688</guid>
		<description><![CDATA[From 2007 through 2009 Mortgage Blues reported on the subprime crisis. Daily articles highlighted a nation in turmoil as financial greed and abuse rocked the country. Now Mortgage Blues gets to report on the aftermath. Lawsuits continue to see America in search of a single culprit. In one such suit by the SEC three former [...]]]></description>
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		<slash:comments>0</slash:comments>
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