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	<title>There Is No Plan &#187; Wall Street</title>
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	<link>http://www.thereisnoplan.com</link>
	<description>Risk-averse policymakers should not read this blog.</description>
	<lastBuildDate>Mon, 31 Oct 2011 05:35:09 +0000</lastBuildDate>
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		<title>Groupon Groupthink Gets Bubbly</title>
		<link>http://www.thereisnoplan.com/2011/06/04/groupon-groupthink-gets-bubbly/</link>
		<comments>http://www.thereisnoplan.com/2011/06/04/groupon-groupthink-gets-bubbly/#comments</comments>
		<pubDate>Sun, 05 Jun 2011 03:14:45 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Pop Culture]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[twitter]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.thereisnoplan.com/?p=1573</guid>
		<description><![CDATA[One of the marketing tricks that Wall Street likes to pull these days is that they&#8217;re &#8220;experts&#8221;. The ballooning banks, ratings agency scumbags, and hedge fun hyenas front their operations with learned economists, know-it-all analysts and other sundry eggheads who ponce around on radio and TV just to give the world the impression that their [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2011/06/04/groupon-groupthink-gets-bubbly/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>April Jobs Report &#8211; McJob Creation Soars</title>
		<link>http://www.thereisnoplan.com/2011/05/06/april-jobs-report-mcjob-creation-soars/</link>
		<comments>http://www.thereisnoplan.com/2011/05/06/april-jobs-report-mcjob-creation-soars/#comments</comments>
		<pubDate>Fri, 06 May 2011 15:17:51 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[McDonalds]]></category>
		<category><![CDATA[Outsourcing]]></category>
		<category><![CDATA[Third World]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.thereisnoplan.com/?p=1471</guid>
		<description><![CDATA[Over 20% of the 244,000 jobs created in this month&#8217;s &#8216;torrid&#8217; labor report were at McDonalds. And boy, was competition for these jobs fierce. What was once a pocket money position for teenagers and college students is now firmly in the wheelhouse of redundant middle managers in ripe middle age looking for some way, any [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2011/05/06/april-jobs-report-mcjob-creation-soars/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Welcome to the Bullshit Era</title>
		<link>http://www.thereisnoplan.com/2010/01/28/welcome-to-the-bullshit-era/</link>
		<comments>http://www.thereisnoplan.com/2010/01/28/welcome-to-the-bullshit-era/#comments</comments>
		<pubDate>Fri, 29 Jan 2010 03:57:27 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[America At War]]></category>
		<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[Afghanistan]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[Haiti]]></category>
		<category><![CDATA[Healthcare]]></category>
		<category><![CDATA[Iran]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[UN]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://www.thereisnoplan.com/?p=1158</guid>
		<description><![CDATA[In the old days, policy used to have at least some potential to become reality, but it&#8217;s becoming increasingly clear that in America at least, those days are over. Nothing anybody seems to suggest from the President on downwards seems to mean a hill of beans anymore. It&#8217;s as if the country is set on [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2010/01/28/welcome-to-the-bullshit-era/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<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>
		<wfw:commentRss>http://www.thereisnoplan.com/2009/03/19/aig-was-the-bailout-from-hell-a-mistake/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<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>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>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/12/01/the-fix-is-in-part-two/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Fix is In &#8211; The Long and the Short Of Wall Street</title>
		<link>http://www.thereisnoplan.com/2008/11/24/the-fix-is-in-the-long-and-the-short-of-wall-street/</link>
		<comments>http://www.thereisnoplan.com/2008/11/24/the-fix-is-in-the-long-and-the-short-of-wall-street/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 20:50:14 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[collusion]]></category>
		<category><![CDATA[conspiracy]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Economic Crisis]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[invesmtment banks]]></category>
		<category><![CDATA[Market Volatility]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[pump and dump]]></category>
		<category><![CDATA[Traders]]></category>
		<category><![CDATA[tradiing floor]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=291</guid>
		<description><![CDATA[Another bumper day on the Street. The Government bails out another basket case bank. Everything&#8217;s right with the world. Hurrah! Yet again, Wall Street proves it&#8217;s an utterly amoral, self-interested, club that has nothing whatsoever to do with you and me. Massive market volatility, huge gains on the basis of nothing, followed by huge losses [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/24/the-fix-is-in-the-long-and-the-short-of-wall-street/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Let&#8217;s Talk About &#8220;The System&#8221;</title>
		<link>http://www.thereisnoplan.com/2008/11/24/lets-talk-about-the-system/</link>
		<comments>http://www.thereisnoplan.com/2008/11/24/lets-talk-about-the-system/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 18:28:48 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Washington]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[banking disaster]]></category>
		<category><![CDATA[boycott]]></category>
		<category><![CDATA[Bush]]></category>
		<category><![CDATA[Citigroup]]></category>
		<category><![CDATA[consumer debt]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Economic Stimulus]]></category>
		<category><![CDATA[Foreclosures]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[law enforcement]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Paulson]]></category>
		<category><![CDATA[rebellion]]></category>
		<category><![CDATA[revolution]]></category>
		<category><![CDATA[The system]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=265</guid>
		<description><![CDATA[Back in the eighties there was an awful lot of talk about the nefarious &#8220;system&#8221;, a deep and dark conspiracy of the powerful to keep down the powerless. Before resentment became a tool of the right, it was a clarion call of the unreconstructed left, a youthful, incoherent, but somehow meaningful rallying cry that drove [...]]]></description>
		<wfw:commentRss>http://www.thereisnoplan.com/2008/11/24/lets-talk-about-the-system/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How About Them 401k&#8217;s</title>
		<link>http://www.thereisnoplan.com/2008/11/20/how-about-them-401ks/</link>
		<comments>http://www.thereisnoplan.com/2008/11/20/how-about-them-401ks/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 00:50:43 +0000</pubDate>
		<dc:creator>coolrebel</dc:creator>
				<category><![CDATA[Business BS]]></category>
		<category><![CDATA[Washington]]></category>
		<category><![CDATA[401k]]></category>
		<category><![CDATA[AARP]]></category>
		<category><![CDATA[Byrd]]></category>
		<category><![CDATA[Carter]]></category>
		<category><![CDATA[Mutual Funds]]></category>
		<category><![CDATA[pensions]]></category>
		<category><![CDATA[Reagan]]></category>
		<category><![CDATA[Retirement]]></category>
		<category><![CDATA[social security]]></category>
		<category><![CDATA[Stevens]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://thereisnoplan.wordpress.com/?p=198</guid>
		<description><![CDATA[We think it’s going to continue to go lower. We don’t think people are scared enough. They’re just not showing enough fear. People are numb to this, they’re almost immune to it. So says Ryan Detrick of Schaeffer’s Investment Research, as quoted in Today&#8217;s NYT. Just another analyst on just another day of carnage in [...]]]></description>
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		<slash:comments>0</slash:comments>
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