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	<title>There Is No Plan &#187; mortgage</title>
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	<description>Risk-averse policymakers should not read this blog.</description>
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		<title>No Bailout Plan Will or Should Restore Fictitious Value</title>
		<link>http://www.thereisnoplan.com/2009/02/21/no-bailout-plan-will-or-should-restore-fictitious-value/</link>
		<comments>http://www.thereisnoplan.com/2009/02/21/no-bailout-plan-will-or-should-restore-fictitious-value/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 16:24:19 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[housing]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[real estate]]></category>

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		<description><![CDATA[Here&#8217;s your number one problem. We got into this mess because of inflated housing values, sourced from low interest rates, easy-lending, lax regulation and runaway derivatives. The bubble burst when price discovery kicked in and everyone realize they had nothing. The bottom fell out, and people who bought houses at fictitious valuations got slammed. The [...]]]></description>
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