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	<title>There Is No Plan &#187; Economic Meltdown</title>
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	<link>http://www.thereisnoplan.com</link>
	<description>Risk-averse policymakers should not read this blog.</description>
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		<title>AIG. Was the Bailout From Hell a Mistake?</title>
		<link>http://www.thereisnoplan.com/2009/03/19/aig-was-the-bailout-from-hell-a-mistake/</link>
		<comments>http://www.thereisnoplan.com/2009/03/19/aig-was-the-bailout-from-hell-a-mistake/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 09:57:57 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[blankenfein]]></category>
		<category><![CDATA[Bonuses]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[fed]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[grassley]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.thereisnoplan.com/?p=1021</guid>
		<description><![CDATA[The word du jour right now is &#8220;rathole&#8221;, a rather ugly expletive that equates to plughole, drain, succubus, and other such unpleasantries. It may however be too polite a phrase for what is going on right now with the bailout of AIG, the government&#8217;s new pet project that looks like it&#8217;s going to hand the [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Why Did Obama Bypass Robert Reich?</title>
		<link>http://www.thereisnoplan.com/2008/12/17/why-did-obama-bypass-robert-reich/</link>
		<comments>http://www.thereisnoplan.com/2008/12/17/why-did-obama-bypass-robert-reich/#comments</comments>
		<pubDate>Wed, 17 Dec 2008 23:48:34 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Cabinet]]></category>
		<category><![CDATA[Cabinet choices]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Obama Administration]]></category>
		<category><![CDATA[Recssion]]></category>
		<category><![CDATA[robert reich]]></category>
		<category><![CDATA[Transition]]></category>
		<category><![CDATA[US Economy]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=618</guid>
		<description><![CDATA[Of all the cabinet choices that Obama didn&#8217;t make, there are a few that really stick out. Not choosing Bill Richardson at State after he had switched loyalties from the Clinton camp early in the game and delivered a big jolt of legitimacy to the Obama team is one, but at least he got a [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Some Bailouts Are Big Gifts. Some Bailouts Are Bad Loans.</title>
		<link>http://www.thereisnoplan.com/2008/12/08/some-bailouts-are-big-gifts-some-bailouts-are-bad-loans/</link>
		<comments>http://www.thereisnoplan.com/2008/12/08/some-bailouts-are-big-gifts-some-bailouts-are-bad-loans/#comments</comments>
		<pubDate>Tue, 09 Dec 2008 06:38:02 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Auto industry]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[barney frank]]></category>
		<category><![CDATA[BMW]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[gift]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[government bailout]]></category>
		<category><![CDATA[handout]]></category>
		<category><![CDATA[Honda]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[loan shark]]></category>
		<category><![CDATA[Nissan]]></category>
		<category><![CDATA[Pandit]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[Pelosi]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Toyota]]></category>
		<category><![CDATA[Volkswagen]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=509</guid>
		<description><![CDATA[Maybe it&#8217;s the rise of the Internet that did it, but there are an awful lot of lemmings in the fourth estate these days. Once the zeitgeist gets hold of a word it&#8217;s everywhere fast. That&#8217;s especially true of catch-all terms that lose their meaning the moment anyone begins to dig even a tiny bit [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/08/some-bailouts-are-big-gifts-some-bailouts-are-bad-loans/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Fix Is In &#8211; Part Two</title>
		<link>http://www.thereisnoplan.com/2008/12/01/the-fix-is-in-part-two/</link>
		<comments>http://www.thereisnoplan.com/2008/12/01/the-fix-is-in-part-two/#comments</comments>
		<pubDate>Mon, 01 Dec 2008 22:33:14 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Long]]></category>
		<category><![CDATA[Nasdaq]]></category>
		<category><![CDATA[NYSE]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Short Sellers]]></category>
		<category><![CDATA[Traders]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=387</guid>
		<description><![CDATA[Today, a distinguished board of economists said the country had been in a recession since December &#8217;07, a statement that normally the markets would have discounted, because, yeah, like we knew that. But no, the market&#8217;s took a massive swoon, again, giving back all the hard earned gains of the past week&#8217;s rally. Call it [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Treasury Runs Out Of Money To Give Away. Fed Rides In</title>
		<link>http://www.thereisnoplan.com/2008/11/25/treasury-runs-out-of-money-to-give-away-fed-rides-in/</link>
		<comments>http://www.thereisnoplan.com/2008/11/25/treasury-runs-out-of-money-to-give-away-fed-rides-in/#comments</comments>
		<pubDate>Tue, 25 Nov 2008 16:22:28 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Bernanke]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[economic policy]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[toxic assets]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=299</guid>
		<description><![CDATA[This is getting silly. Two days ago, Toxic assets were out. Then Treasury bailed out Citigroup&#8217;s&#8230;toxic assets. And now the Fed (they&#8217;re the ones who actually print all those T-bills) have taken over and pledged $800 billion to bail out all toxic securities built on consumer credit card debt. In one fell swoop that&#8217;s a [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/25/treasury-runs-out-of-money-to-give-away-fed-rides-in/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Inherent Wisdom of Sheep</title>
		<link>http://www.thereisnoplan.com/2008/11/13/wacky-wall-street-stumps-us-again/</link>
		<comments>http://www.thereisnoplan.com/2008/11/13/wacky-wall-street-stumps-us-again/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 01:33:42 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Dollar]]></category>
		<category><![CDATA[Dow Jones]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[Economist]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[JP Morgan Chase]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[Trader]]></category>
		<category><![CDATA[Volatility]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=115</guid>
		<description><![CDATA[&#8220;I have no idea&#8221;, said one JP Morgan Chase economist today when asked by the New York Times why the Dow shot up over 550 points on the same day yet more recession indicators piled on. That seems to be the best response under the circumstances, but it belies a more serious problem. For years, [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/13/wacky-wall-street-stumps-us-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Obama&#8217;s First Press Conference. Uhh.</title>
		<link>http://www.thereisnoplan.com/2008/11/07/obamas-first-press-conference-uhh/</link>
		<comments>http://www.thereisnoplan.com/2008/11/07/obamas-first-press-conference-uhh/#comments</comments>
		<pubDate>Fri, 07 Nov 2008 23:46:31 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Chicago]]></category>
		<category><![CDATA[Economic Advisors]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Meltdown]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Press Conference]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=11</guid>
		<description><![CDATA[Not totally sure what that was all about. 17 Economic Kahunas stand behind the President-Elect, who tells us precisely nothing we don&#8217;t already know, except that things are really bad and that he&#8217;s going to get right on it as soon as he can. Was there a point to the whole shindig? Was he trying [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/07/obamas-first-press-conference-uhh/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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