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	<title>There Is No Plan &#187; TARP</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>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>
		<comments>http://www.thereisnoplan.com/2009/03/02/the-aig-gravy-train-it-just-keeps-getting-worse/#comments</comments>
		<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>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=890</guid>
		<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>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/03/02/the-aig-gravy-train-it-just-keeps-getting-worse/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>AIG. Another $30B? Enough.</title>
		<link>http://www.thereisnoplan.com/2009/03/01/aig-another-30b-enough/</link>
		<comments>http://www.thereisnoplan.com/2009/03/01/aig-another-30b-enough/#comments</comments>
		<pubDate>Mon, 02 Mar 2009 04:36:24 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[CDO]]></category>
		<category><![CDATA[Credit Default Swaps]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=881</guid>
		<description><![CDATA[Frank Rich&#8217;s piece in today&#8217;s NYT suggests that a populist backlash against corporate malfeasance and greed could do serious damage to Obama&#8217;s agenda, and give the GOP a bridgehead from which to fight back. On the very same day, AIG is apparently to receive another $30bn of taxpayer largesse. This might be the straw that [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/03/01/aig-another-30b-enough/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Robert Reich and Howard Dean. Where are They?</title>
		<link>http://www.thereisnoplan.com/2009/02/17/robert-reich-and-howard-dean-where-are-they/</link>
		<comments>http://www.thereisnoplan.com/2009/02/17/robert-reich-and-howard-dean-where-are-they/#comments</comments>
		<pubDate>Wed, 18 Feb 2009 07:18:49 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Cabinet picks]]></category>
		<category><![CDATA[Daschle]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Gregg]]></category>
		<category><![CDATA[healthcare reform]]></category>
		<category><![CDATA[hhs]]></category>
		<category><![CDATA[Howard Dean]]></category>
		<category><![CDATA[Obama Cabinet]]></category>
		<category><![CDATA[Rahm Emmanuel]]></category>
		<category><![CDATA[robert reich]]></category>
		<category><![CDATA[stimulus package]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=782</guid>
		<description><![CDATA[Many left-leaning Democrats are asking the same question. Reich would have been a superb choice at Treasury and Dean an obvious choice at HHS. Both are tough, forward-thinking progressive politicians with total command of the briefs in question.  Many people inside and outside the Beltway are surprised that neither man was even in the running. [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/02/17/robert-reich-and-howard-dean-where-are-they/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Healthcare Reform IS The Economic Stimulus We Need</title>
		<link>http://www.thereisnoplan.com/2009/01/30/healthcare-reform-is-the-economic-stimulus-we-need/</link>
		<comments>http://www.thereisnoplan.com/2009/01/30/healthcare-reform-is-the-economic-stimulus-we-need/#comments</comments>
		<pubDate>Fri, 30 Jan 2009 10:15:31 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Broken system]]></category>
		<category><![CDATA[Daschle]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[GDP]]></category>
		<category><![CDATA[health care]]></category>
		<category><![CDATA[Health Insurance]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[Healthcare crisis]]></category>
		<category><![CDATA[healthcare reform]]></category>
		<category><![CDATA[hhs]]></category>
		<category><![CDATA[krugman]]></category>
		<category><![CDATA[NYT]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=726</guid>
		<description><![CDATA[In today&#8217;s NYT, Paul Krugman wonders why we haven&#8217;t heard more about major healthcare reform in the first few days of the new administration. His concern is that the economic crisis will only make the oncoming healthcare catastrophe that much more severe. It&#8217;s a very good point. Krugman surmises that perhaps solving the economic meltdown [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/01/30/healthcare-reform-is-the-economic-stimulus-we-need/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Gordon Brown Is Back!</title>
		<link>http://www.thereisnoplan.com/2008/12/14/gordon-brown-is-back/</link>
		<comments>http://www.thereisnoplan.com/2008/12/14/gordon-brown-is-back/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:01:02 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bank Bailout]]></category>
		<category><![CDATA[British Parliament]]></category>
		<category><![CDATA[Brown]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[Capital Infusion]]></category>
		<category><![CDATA[Chancellor]]></category>
		<category><![CDATA[Conference]]></category>
		<category><![CDATA[Darling]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Gordon Brown]]></category>
		<category><![CDATA[Harold Wilson]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Labor]]></category>
		<category><![CDATA[Labor Party]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[Labour Party]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Pakistan]]></category>
		<category><![CDATA[Singh]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Turnaround]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[Westminster]]></category>
		<category><![CDATA[Zardari]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=585</guid>
		<description><![CDATA[It was British Labour Prime Minister Harold Wilson who coined the term &#8220;A week is a long time in politics&#8221;, and while Gordon Brown&#8217;s astonishing turnaround as British Prime Minister has taken a little longer than that, it has been truly remarkable. When the British public turn on their leaders, they do it with a [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/14/gordon-brown-is-back/feed/</wfw:commentRss>
		<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>700 Billion is the New $7 billion</title>
		<link>http://www.thereisnoplan.com/2008/12/06/700-billion-is-the-new-7-billion/</link>
		<comments>http://www.thereisnoplan.com/2008/12/06/700-billion-is-the-new-7-billion/#comments</comments>
		<pubDate>Sat, 06 Dec 2008 22:02:42 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Deficit]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Forbes]]></category>
		<category><![CDATA[G20]]></category>
		<category><![CDATA[G7]]></category>
		<category><![CDATA[G8]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[New Deal]]></category>
		<category><![CDATA[New New Deal]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[public works]]></category>
		<category><![CDATA[T-bills]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Treasury Bills]]></category>
		<category><![CDATA[US Debt]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=487</guid>
		<description><![CDATA[Things are turned way around when Liberals are agreeing with quirky, flat-tax Steve Forbes, but when called Hank Paulson the &#8220;worst Treasury Secretary in living memory&#8221; there are few diehard progressives that would disagree. But old Hank has at least done us one big, big favor. By steamrolling through the TARP at a cost of [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/06/700-billion-is-the-new-7-billion/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Cannibalism Of Capitalism</title>
		<link>http://www.thereisnoplan.com/2008/11/24/the-cannibalism-of-capitalism/</link>
		<comments>http://www.thereisnoplan.com/2008/11/24/the-cannibalism-of-capitalism/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 19:22:52 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[cannibalism]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[consumer debt]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[economic policy]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[feedback loop]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[industrial policy]]></category>
		<category><![CDATA[institutions]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[real economy]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[retailers]]></category>
		<category><![CDATA[self-defeating]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Transition]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[walmart]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=270</guid>
		<description><![CDATA[There&#8217;s something diabolical about a creature that consumes itself. It seems so profoundly irrational, so utterly insane. We file stuff like that in some &#8216;unspeakable&#8217; part of our minds. Except that we live it every single day. Capitalism is a great system in many ways, but it has a tendency to destroy itself if left [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/24/the-cannibalism-of-capitalism/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Paulson &#8211; The Man With The Plan</title>
		<link>http://www.thereisnoplan.com/2008/11/12/paulson-the-man-with-the-plan/</link>
		<comments>http://www.thereisnoplan.com/2008/11/12/paulson-the-man-with-the-plan/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 07:18:54 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[Consumer]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Gordon Brown]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>
		<category><![CDATA[Troubled Assets Relief Program]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=95</guid>
		<description><![CDATA[After nationalizing Fannie and Freddie, then letting Lehman Brothers die for no apparent reason, then bailing out AIG to the tune of $85 billion (now around $150 billion but who&#8217;s counting), Hank Paulson sat back to watch the credit markets unfreeze. But instead they just froze up some more. Hank was totally bummed. &#8220;This job [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/12/paulson-the-man-with-the-plan/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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