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	<title>There Is No Plan &#187; Nocera</title>
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	<description>Risk-averse policymakers should not read this blog.</description>
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		<title>The AIG Gravy Train &#8211; It Just Keeps Getting Worse</title>
		<link>http://www.thereisnoplan.com/2009/03/02/the-aig-gravy-train-it-just-keeps-getting-worse/</link>
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		<pubDate>Tue, 03 Mar 2009 00:14:43 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[CDO]]></category>
		<category><![CDATA[CDS]]></category>
		<category><![CDATA[Collateralized Debt Obligations]]></category>
		<category><![CDATA[Credit Default Swaps]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Nocera]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[TARP]]></category>
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		<description><![CDATA[Joe Nocera of the New York Times wrote a great post today which adds more grist to the mill on the price discovery issue relating to AIG&#8217;s credit default swaps (CDSs). Not only does the government end up propping up the most destructive derivative behavior around, but it does so while allowing AIG to maintain [...]]]></description>
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