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	<title>Mortgage Crisis Daily &#187; Quotable Quotes</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>45 percent of the world&#8217;s wealth has been destroyed</title>
		<link>http://crisis.lenderwatch.org/news/566</link>
		<comments>http://crisis.lenderwatch.org/news/566#comments</comments>
		<pubDate>Thu, 12 Mar 2009 13:04:22 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Economic Impact]]></category>
		<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[Blackstone Group LP]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Japan Society]]></category>
		<category><![CDATA[Stephen Schwarzman]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/566</guid>
		<description><![CDATA[Quote of the day, March 10, 2009: Private equity company Blackstone Group LP CEO Stephen Schwarzman said that up to 45 percent of the world&#8217;s wealth has been destroyed by the global credit crisis. &#8220;Between 40 and 45 percent of the world&#8217;s wealth has been destroyed in little less than a year and a half,&#8221; [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Just don&#8217;t say anything incorrect when leaving out bad news</title>
		<link>http://crisis.lenderwatch.org/news/542</link>
		<comments>http://crisis.lenderwatch.org/news/542#comments</comments>
		<pubDate>Thu, 15 Jan 2009 15:14:28 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/542</guid>
		<description><![CDATA[&#8220;It&#8217;s not reassuring,&#8221; said Kenneth Scott, a professor of law and business at Stanford Law School and former general counsel of the Federal Savings and Loan Insurance Corp. &#8220;There are more losses to be realized, but the question is the extent to which they are already reflected in values that banks are recording on their [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Citigroup needs all of your TARP money and more to prevent disaster</title>
		<link>http://crisis.lenderwatch.org/news/537</link>
		<comments>http://crisis.lenderwatch.org/news/537#comments</comments>
		<pubDate>Tue, 13 Jan 2009 19:20:19 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/537</guid>
		<description><![CDATA[Normally if you or I buy more than we can pay for we wake up to the fact that we are broke. Not so with Citigroup. As taxpayers we gave Citigroup $20 billion in November 2007, and guaranteed $300 billion in loans on Citi&#8217;s books. You and I also gave Citigroup $25 billion from the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lehman Brothers bites themselves in the ass with credibility issues</title>
		<link>http://crisis.lenderwatch.org/news/491</link>
		<comments>http://crisis.lenderwatch.org/news/491#comments</comments>
		<pubDate>Thu, 11 Sep 2008 16:16:12 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Capital]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Countrywide]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Lehman Brothers]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/491</guid>
		<description><![CDATA[On July 19, 2007 Lehman Brothers rejected suggestions that they are exposed to subprime problems. Many companies made statements in the summer of 2007, in part because their shock and disbelief caused those companies to say just about anything. Remember Countrywide in July 2007? But we had a problem with Lehman Brothers rejection of exposure [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>How to sell your house to the bank with a new loan</title>
		<link>http://crisis.lenderwatch.org/news/449</link>
		<comments>http://crisis.lenderwatch.org/news/449#comments</comments>
		<pubDate>Tue, 17 Jun 2008 18:16:26 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/449</guid>
		<description><![CDATA[&#8220;Nobody had models for that,&#8221; said David E. Zimmer, then one of the executives at People&#8217;s Choice, a subprime lender based in Irvine. &#8220;Nobody had predicted people going into default in their first three mortgage payments.&#8221; Wake up Dave &#8211; it is called How to sell your house to the bank with a new loan [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Clinton campaign manager was director for failed subprime lender</title>
		<link>http://crisis.lenderwatch.org/news/417</link>
		<comments>http://crisis.lenderwatch.org/news/417#comments</comments>
		<pubDate>Sun, 30 Mar 2008 05:02:14 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[bankrupt]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/417</guid>
		<description><![CDATA[Hillary Rodham Clinton’s campaign manager, Maggie Williams, earned about $200,000 on the board of a Long Island subprime lender that charged prepayment penalties — a practice that Clinton, a critic of the subprime industry, now seeks to eliminate. Williams, who took over the reins of Clinton’s campaign in early February, served as a director on [...]]]></description>
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		<item>
		<title>Paulson wants state help as court blocks state enforcement? Really?</title>
		<link>http://crisis.lenderwatch.org/news/304</link>
		<comments>http://crisis.lenderwatch.org/news/304#comments</comments>
		<pubDate>Thu, 06 Dec 2007 01:29:22 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Analysis]]></category>
		<category><![CDATA[Archives]]></category>
		<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[Root Causes]]></category>
		<category><![CDATA[Suggestions]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[HSBC]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[OCC]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[Wells Fargo]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/304</guid>
		<description><![CDATA[While Treasury Secretary Henry Paulson was speaking, a federal appeals court shut the door to state enforcement of federally charted banks. Now Paulson wants help from the states. What in the world is going on? Didn&#8217;t the court render the states powerless to seek documents and enforce predatory lending laws, while Paulson is asking stes [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/304/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Advocates publish open letter to HSBC and Knight Vinke</title>
		<link>http://crisis.lenderwatch.org/news/267</link>
		<comments>http://crisis.lenderwatch.org/news/267#comments</comments>
		<pubDate>Wed, 14 Nov 2007 19:56:36 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Opinion]]></category>
		<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[HSBC]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/267</guid>
		<description><![CDATA[Consumer advocate and watchdog organization Household &#8211; HSBC Watch published an open letter to HSBC, activist organization Knight-Vinke, and HSBC Chairman Stephen Green. The letter as published today, November 14, 2007. The long but insightful narrative gives some history about the watchdog organization, Household International, and predatory lending. You can read it here. The letter [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/267/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Radian debacle almost a soap opera</title>
		<link>http://crisis.lenderwatch.org/news/226</link>
		<comments>http://crisis.lenderwatch.org/news/226#comments</comments>
		<pubDate>Fri, 19 Oct 2007 15:32:27 +0000</pubDate>
		<dc:creator>Timothy Blake</dc:creator>
				<category><![CDATA[Archives]]></category>
		<category><![CDATA[Editorial]]></category>
		<category><![CDATA[Lawsuits]]></category>
		<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/226</guid>
		<description><![CDATA[Let face it &#8211; Americans have no love for debt collectors, don&#8217;t like it when mortgage insurance is forced upon them, and we always like to laugh at Paris Hilton. The Radian, MGIC, C-BASS dance is almost as good. MGIC posts a loss, C-BASS was almost worthless, lawsuits began and the crying towel sopped up [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/226/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Federal Reserve Knew of Serious Subprime Problems In 2006</title>
		<link>http://crisis.lenderwatch.org/news/165</link>
		<comments>http://crisis.lenderwatch.org/news/165#comments</comments>
		<pubDate>Wed, 29 Aug 2007 13:20:29 +0000</pubDate>
		<dc:creator>Leatherneck</dc:creator>
				<category><![CDATA[Analysis]]></category>
		<category><![CDATA[Archives]]></category>
		<category><![CDATA[Government Positions]]></category>
		<category><![CDATA[Quotable Quotes]]></category>
		<category><![CDATA[Root Causes]]></category>
		<category><![CDATA[bank]]></category>
		<category><![CDATA[Lenders]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[subprime]]></category>

		<guid isPermaLink="false">http://mortgageblues.us/news/165</guid>
		<description><![CDATA[This may come as a shocking revelation to many of our readers. The Federal Reserve, and specifically the Federal Reserve Bank of Boston, already had data about subprime mortages. That data did not look good at all. Executives from specific lenders were called to testify before the Senate Committee on Banking, Housing, and Urban Affairs [...]]]></description>
		<wfw:commentRss>http://crisis.lenderwatch.org/news/165/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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