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	<title>Mortgage Crisis Daily &#187; Opinion</title>
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	<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>Thank you Phil Gramm, or &#8220;Who was padding your pocket?&#8221;</title>
		<link>http://crisis.lenderwatch.org/news/643</link>
		<comments>http://crisis.lenderwatch.org/news/643#comments</comments>
		<pubDate>Fri, 11 Sep 2009 18:17:19 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[Derivatives]]></category>
		<category><![CDATA[investment banking]]></category>
		<category><![CDATA[Lenders]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/?p=643</guid>
		<description><![CDATA[The United States has had as much of Phil Gramm as we can stand. While Americans expect almost everyone to be on somebody&#8217;s payroll, we are now at a point where we wonder about two main subjects: &#8220;Who was paying Phil Gramm for stupidity?&#8221;, and &#8220;Where am I going to be working next week?&#8221; As [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>TIME Diagnosis of Patient Zero is Flawed</title>
		<link>http://crisis.lenderwatch.org/news/551</link>
		<comments>http://crisis.lenderwatch.org/news/551#comments</comments>
		<pubDate>Tue, 03 Feb 2009 03:32:18 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[depression]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[financial meltdown]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/551</guid>
		<description><![CDATA[According to a TIME 24/7 article this morning, &#8220;Someone who took out a subprime loan in 2003 is the &#8220;patient zero&#8221; who began the great recession.&#8221; A single borrower set off the series of events that may lead the economy into its greatest downturn since The Great Depression? Blaming the financial meltdown on one borrower [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Subprime and college educations &#8211; an analogy worthy of investigation</title>
		<link>http://crisis.lenderwatch.org/news/531</link>
		<comments>http://crisis.lenderwatch.org/news/531#comments</comments>
		<pubDate>Wed, 31 Dec 2008 21:19:04 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[regulators]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[speculator]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/531</guid>
		<description><![CDATA[As we finish the last day of 2008 the reality of the matter is that 18 months have passed since red lights came on and warning sirens sounded in the summer of 2007. Letting the air out of the mortgage bubble, and subsequently starting the collapse of Wall Street, the summer of 2007 was only [...]]]></description>
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		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Bring the Indian and Chinese contractors to the US</title>
		<link>http://crisis.lenderwatch.org/news/455</link>
		<comments>http://crisis.lenderwatch.org/news/455#comments</comments>
		<pubDate>Fri, 27 Jun 2008 18:08:27 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[failure]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[speculator]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/455</guid>
		<description><![CDATA[Republicans wearing blinders want four more years as they claim the United States has experienced eight years of growth. What&#8217;s up with that? Consumer confidence sank to its third-lowest level ever in June, according to a study released Friday by Reuters and the University of Michigan. Democrats look back to a balanced budget of years [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Job losses shock some as others estimate real unemployment near 12 percent</title>
		<link>http://crisis.lenderwatch.org/news/424</link>
		<comments>http://crisis.lenderwatch.org/news/424#comments</comments>
		<pubDate>Sat, 05 Apr 2008 15:37:29 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Opinion]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/424</guid>
		<description><![CDATA[Fed chariman Ben Bernanke still won&#8217;t admit that the United States is in a recession. On the other hand More than once in the past, three consecutive months of job losses have marked the start of a recession. “It is our view that we are already in one,” said Drew Matus, a Lehman Brothers economist, [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Mortgage game may not be for those with a conscience</title>
		<link>http://crisis.lenderwatch.org/news/321</link>
		<comments>http://crisis.lenderwatch.org/news/321#comments</comments>
		<pubDate>Wed, 02 Jan 2008 17:17:07 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage broker]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/321</guid>
		<description><![CDATA[A great article by Huliq focuses on the mortgage blame game. &#8220;You can blame who you want but mortgage lenders made these products available to mortgage companies who hired individual mortgage brokers with no formal education to sell the mortgage product that made the mortgage lender, the mortgage company and the mortgage broker the most [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bush aims to continue imaginary expansion with OCC help</title>
		<link>http://crisis.lenderwatch.org/news/305</link>
		<comments>http://crisis.lenderwatch.org/news/305#comments</comments>
		<pubDate>Thu, 06 Dec 2007 19:24:28 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[bankrupt]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[credit card]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[OCC]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[regulators]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/305</guid>
		<description><![CDATA[President George W. Bush today will announce a freeze on some subprime mortgage rates in an effort to stop a wave of foreclosures undoing the six-year expansion. Some say Bush&#8217;s six year expansion was a manufactured extension of the recession of 2001. As part of the deal the states are expected to help, but experts [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/305/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bush in jam over subprime rescue plan</title>
		<link>http://crisis.lenderwatch.org/news/302</link>
		<comments>http://crisis.lenderwatch.org/news/302#comments</comments>
		<pubDate>Mon, 03 Dec 2007 22:46:18 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Root Causes]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[bankrupt]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/302</guid>
		<description><![CDATA[As lawmakers, Treasury Secretary Henry Paulson, Housing and Urban Development Secretary Alphonso Jackson, a slew of presidential hopefuls, and many others weigh in on a solution to the subprime mess it is clear that President Bush is in a jam. While some realists say the recession of 2001 never ended, others claim the manufactured wealth [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/302/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>One third of U.K. homeowners face big house payment increases</title>
		<link>http://crisis.lenderwatch.org/news/297</link>
		<comments>http://crisis.lenderwatch.org/news/297#comments</comments>
		<pubDate>Wed, 28 Nov 2007 18:59:03 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Foreclosure]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Outside the U.S.]]></category>
		<category><![CDATA[Root Causes]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/297</guid>
		<description><![CDATA[Some say the U.K. is a warning to the U.S. but the news sounds about the same. One third of all U.K. homeowners will face big increases in their house payments. A report released yesterday said approximately 5.5 million people in the U.K. would be effected. Many fell into the subprime trap because of divorce, [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/297/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Watchdog calls for coordinated mortgage complaint database</title>
		<link>http://crisis.lenderwatch.org/news/294</link>
		<comments>http://crisis.lenderwatch.org/news/294#comments</comments>
		<pubDate>Wed, 28 Nov 2007 15:55:21 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/294</guid>
		<description><![CDATA[State Division of Banking offices examine the soundness and lending practices of licensed mortgage companies and are designed to prevent unscrupulous lenders and brokers from taking advantage of consumers. Watchdog organization Household &#8211; HSBC Watch called for a national database that would enable all states to coordinate data and perform trend analysis. &#8220;If an examiner [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/294/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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