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	<title>Credit Writedowns &#187; corruption</title>
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	<description>Finance, Economics and Markets</description>
	<lastBuildDate>Thu, 09 Feb 2012 22:43:09 +0000</lastBuildDate>
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		<item>
		<title>Is US democracy being bought and sold?</title>
		<link>http://www.creditwritedowns.com/2012/02/is-us-democracy-being-bought-and-sold.html</link>
		<comments>http://www.creditwritedowns.com/2012/02/is-us-democracy-being-bought-and-sold.html#comments</comments>
		<pubDate>Mon, 06 Feb 2012 13:05:03 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[civil liberties]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[law]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=41756</guid>
		<description><![CDATA[<p>The answer is yes. video below</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2012/02/is-us-democracy-being-bought-and-sold.html">Is US democracy being bought and sold?</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2011/12/debt-and-democracy-has-the-link-been-broken.html" rel="bookmark">Debt and Democracy: Has the Link been Broken?</a> 6 Dec 2011<!-- (23.5)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/08/swiss-franc-safe-haven.html" rel="bookmark">Pegs, Pomp, and Direct Democracy</a> 16 Aug 2011<!-- (22.5)--></li>
	</ul>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Debt and Democracy: Has the Link been Broken?</title>
		<link>http://www.creditwritedowns.com/2011/12/debt-and-democracy-has-the-link-been-broken.html</link>
		<comments>http://www.creditwritedowns.com/2011/12/debt-and-democracy-has-the-link-been-broken.html#comments</comments>
		<pubDate>Tue, 06 Dec 2011 13:00:00 +0000</pubDate>
		<dc:creator>Michael Hudson</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[democracy]]></category>
		<category><![CDATA[history]]></category>
		<category><![CDATA[populism]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[wealth]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=37904</guid>
		<description><![CDATA[<p>Debt and Democracy: Has the Link been Broken</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/12/debt-and-democracy-has-the-link-been-broken.html">Debt and Democracy: Has the Link been Broken?</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2011/11/eu-democracy-incompatible-with-debt-collection.html" rel="bookmark">EU: Democracy Incompatible with Debt Collection</a> 3 Nov 2011<!-- (32.4)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/09/the-origin-of-the-u-s-dollar-as-legal-tender-and-its-link-to-depression.html" rel="bookmark">The origin of the U.S. dollar as legal tender and its link to Depression</a> 22 Sep 2009<!-- (24)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/06/bank-index-broken-down.html" rel="bookmark">Bank Index trendline broken to the downside</a> 7 Jun 2011<!-- (22.7)--></li>
	</ul>
]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Time to Demand Transparency and Accountability of Our Public Stewards</title>
		<link>http://www.creditwritedowns.com/2011/11/federal-reserve-demand-transparency-accountability.html</link>
		<comments>http://www.creditwritedowns.com/2011/11/federal-reserve-demand-transparency-accountability.html#comments</comments>
		<pubDate>Thu, 01 Dec 2011 01:26:12 +0000</pubDate>
		<dc:creator>Randall Wray</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[bailouts]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Freddie Mac]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=37568</guid>
		<description><![CDATA[<p>When will we begin to reign-in the Fed and hold it accountable? And will we let the Fed bail-out Wall Street without Congressional approval of funding the next time it crashes? We need to answer these questions soon, because it is beginning to look like the next crash is on its way</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/11/federal-reserve-demand-transparency-accountability.html">Time to Demand Transparency and Accountability of Our Public Stewards</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2010/12/federal-reserve-transparency-accountability.html" rel="bookmark">The Fed: Time For Transparency and Accountability</a> 12 Dec 2010<!-- (68.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/06/hussman-on-bailouts-of-poor-stewards-of-capital.html" rel="bookmark">Hussman on Bailouts of Poor Stewards of Capital</a> 7 Jun 2010<!-- (25.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/08/on-how-tim-geithner-and-i-agree.html" rel="bookmark">On How Tim Geithner and I agree on public policy</a> 23 Aug 2010<!-- (20.3)--></li>
	</ul>
]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Managing the 99 Percent</title>
		<link>http://www.creditwritedowns.com/2011/11/managing-the-99-percent.html</link>
		<comments>http://www.creditwritedowns.com/2011/11/managing-the-99-percent.html#comments</comments>
		<pubDate>Wed, 30 Nov 2011 13:30:04 +0000</pubDate>
		<dc:creator>Rick Bookstaber</dc:creator>
				<category><![CDATA[Society]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[populism]]></category>
		<category><![CDATA[protest]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=37498</guid>
		<description><![CDATA[<p>The McCourtny Consulting Group: We are witnessing a simmering backlash in the face of the widening class distinction. It is wise to address the fundamental issues behind the backlash and consider approaches to deal with the problem, especially given that these conditions may be persistent and structural. Therefore, we have prepared a brief overview of approaches to the problem</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/11/managing-the-99-percent.html">Managing the 99 Percent</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2011/11/federal-reserve-we-are-the-one-percent.html" rel="bookmark">Federal Reserve: We are the one percent!</a> 6 Nov 2011<!-- (19.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/12/chinese-steel-tariffs-of-up-to-25-percent-on-steel.html" rel="bookmark">Chinese tariffs of up to 25 percent on Russian and American steel</a> 10 Dec 2009<!-- (18.6)--></li>
	</ul>
]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>60 Minutes: Congressional Insider Trading</title>
		<link>http://www.creditwritedowns.com/2011/11/60-minutes-congressional-insider-trading.html</link>
		<comments>http://www.creditwritedowns.com/2011/11/60-minutes-congressional-insider-trading.html#comments</comments>
		<pubDate>Tue, 15 Nov 2011 00:00:15 +0000</pubDate>
		<dc:creator>Global Macro Monitor</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=35979</guid>
		<description><![CDATA[<p>In case you missed it last night here is one that is sure to get your feathers up. It’s about time they Occupy Congress</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/11/60-minutes-congressional-insider-trading.html">60 Minutes: Congressional Insider Trading</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2009/10/simon-johnsons-testimony-expunged-from-congressional-records.html" rel="bookmark">Robert Johnson&#8217;s testimony expunged from Congressional records</a> 29 Oct 2009<!-- (24.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/12/healthcare-insurance-industry-insider-we-win.html" rel="bookmark">Healthcare insurance industry insider: &#8220;We win&rdquo;</a> 7 Dec 2009<!-- (24.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/03/congressional-response-to-aig-is-mindless.html" rel="bookmark">Congressional response to AIG is mindless</a> 20 Mar 2009<!-- (24.4)--></li>
	</ul>
]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Hudson: Traditionally war spending has driven deficits</title>
		<link>http://www.creditwritedowns.com/2011/08/war-spending-drives-deficits.html</link>
		<comments>http://www.creditwritedowns.com/2011/08/war-spending-drives-deficits.html#comments</comments>
		<pubDate>Wed, 03 Aug 2011 19:23:24 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[deficits]]></category>
		<category><![CDATA[financial history]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[military]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=30698</guid>
		<description><![CDATA[<p>Michael Hudson and William Hartung make the argument that military spending was exempted from cuts in the debt ceiling deal because it had strong backers who protected it. They also reveal that the US debt ceiling was put into place to keep Woodrow Wilson from overspending during World War I as military conflicts have traditionally been the real budget busters for governments</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/08/war-spending-drives-deficits.html">Hudson: Traditionally war spending has driven deficits</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2011/03/can-the-us-afford-its-present-deficit-spending.html" rel="bookmark">Can The US. Afford Its Present Deficit Spending?</a> 8 Mar 2011<!-- (19.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/03/more-thoughts-on-out-of-control-deficit-spending.html" rel="bookmark">More thoughts on out of control deficit spending</a> 9 Mar 2011<!-- (19.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/05/mmt-economics-101-on-federal-budget-deficits.html" rel="bookmark">Economics 101 on government budget deficits</a> 13 May 2010<!-- (18.7)--></li>
	</ul>
]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Fiat Justitia Ruat Caelum</title>
		<link>http://www.creditwritedowns.com/2011/04/fiat-justitia-ruat-caelum.html</link>
		<comments>http://www.creditwritedowns.com/2011/04/fiat-justitia-ruat-caelum.html#comments</comments>
		<pubDate>Sun, 17 Apr 2011 16:45:29 +0000</pubDate>
		<dc:creator>William Black</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[control fraud]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[journalism]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[Timothy Geithner]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27590</guid>
		<description><![CDATA[<p>It is one of the paradoxes of life that the most practical means to ensure that the system does not collapse is to insist on justice for all and to ignore demands for special treatment premised on claims that justice places the system at grave risk of collapse. Nietzsche argued that the ubermensch (generally translated as “Superman”) transcended the normal rules. The elites claim impunity from normal rules on the basis of their purported superiority and because they claim that they are so important that applying the normal rules to them will harm society. Some pigs are more equal than others. What any competent financial regulator learns is that the best way to destroy a financial system is to refuse to hold the elites accountable. Regulators that insist on doing justice prevent the heavens from falling. </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/04/fiat-justitia-ruat-caelum.html">Fiat Justitia Ruat Caelum</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>

No related posts.
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		<slash:comments>2</slash:comments>
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		<item>
		<title>Will Iceland Vote &#8216;No&#8217; on April 9 or commit financial suicide?</title>
		<link>http://www.creditwritedowns.com/2011/04/will-iceland-vote-no-on-april-9-or-commit-financial-suicide.html</link>
		<comments>http://www.creditwritedowns.com/2011/04/will-iceland-vote-no-on-april-9-or-commit-financial-suicide.html#comments</comments>
		<pubDate>Fri, 08 Apr 2011 17:46:06 +0000</pubDate>
		<dc:creator>Michael Hudson</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Baltics]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Britain]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[eurozone periphery]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Iceland]]></category>
		<category><![CDATA[Netherlands]]></category>
		<category><![CDATA[protest]]></category>
		<category><![CDATA[regulation]]></category>
		<category><![CDATA[sovereign debt crisis]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27393</guid>
		<description><![CDATA[<p>A year ago, in March 2010, Iceland’s economy was so small that it did not warrant much attention when 93% of its voters rejected the Social Democratic-Green government’s surrender to demands by Gordon Brown and the Dutch, the European Union (EU) bureaucracy and IMF that the island nation impose austerity. Britain and the Netherlands wanted to be reimbursed for having paid out more than $5 billion to some 340,000 of their own depositors – whom their own bank oversight agencies had failed to warn about the looting that was going on. 

Iceland’s taxpayers were told to bear the cost, as virtual tribute. In effect, it was to be penance for believing the neoliberal fairy tales about how bank deregulation and “free markets” would make it the richest, happiest country in the world. Indeed it seemed to be, according to United Nations data. But the dream was dashed after the Icesave electronic Internet bank branches abroad were emptied out by their proprietors. </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2011/04/will-iceland-vote-no-on-april-9-or-commit-financial-suicide.html">Will Iceland Vote &#8216;No&#8217; on April 9 or commit financial suicide?</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2008/11/is-ireland-next-iceland.html" rel="bookmark">Is Ireland the next Iceland?</a> 18 Nov 2008<!-- (21.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/01/violence-erupts-in-iceland.html" rel="bookmark">Violence erupts in Iceland</a> 22 Jan 2009<!-- (21.5)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/01/who-is-the-next-iceland.html" rel="bookmark">Who is the next Iceland?</a> 6 Jan 2009<!-- (20.9)--></li>
	</ul>
]]></description>
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		<title>Greenspan Panders for More Money</title>
		<link>http://www.creditwritedowns.com/2011/04/greenspan-panders-for-more-money.html</link>
		<comments>http://www.creditwritedowns.com/2011/04/greenspan-panders-for-more-money.html#comments</comments>
		<pubDate>Tue, 05 Apr 2011 12:45:00 +0000</pubDate>
		<dc:creator>Frederick Sheehan</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[compensation]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27291</guid>
		<description><![CDATA[<p>By Frederick Sheehan Former Federal Reserve Chairman Alan Greenspan has once again received space on the editorial pages of the Financial Times. He does not deserve, so shall not receive, a rebuttal. But, it is probably still worth a moment to remind readers of the interests he continues to serve. His intention, in &#34;How Dodd-Frank </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/04/greenspan-panders-for-more-money.html">Greenspan Panders for More Money</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2011/04/greenspan-was-right-after-all.html" rel="bookmark">Mr. Greenspan takes it all back. His Old Time Religion was right after all.</a> 3 Apr 2011<!-- (22.5)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/10/greenspan-if-theyre-too-big-to-fail-theyre-too-big.html" rel="bookmark">Greenspan: &#8220;If they&#8217;re too big to fail, they&#8217;re too big&rdquo;</a> 16 Oct 2009<!-- (21.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/04/jim-grant-on-alan-greenspan.html" rel="bookmark">Jim Grant on Alan Greenspan</a> 8 Apr 2010<!-- (20.9)--></li>
	</ul>
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		<title>Steve Waldman on the futility of blogging and the monopoly of lobbyists in policy making</title>
		<link>http://www.creditwritedowns.com/2011/04/steve-waldman-on-policy-monopoly.html</link>
		<comments>http://www.creditwritedowns.com/2011/04/steve-waldman-on-policy-monopoly.html#comments</comments>
		<pubDate>Mon, 04 Apr 2011 20:45:58 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[liquidity]]></category>
		<category><![CDATA[local government]]></category>
		<category><![CDATA[Municipal Bond]]></category>
		<category><![CDATA[solvency]]></category>
		<category><![CDATA[tail risk]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27286</guid>
		<description><![CDATA[<p>This is really motivated by being incredibly frustrated with what happened a couple of years ago. Obviously there was a financial crisis; that&#8217;s not what frustrated me. I am one of the naysayers who was not at all surprised there was a financial crisis. I was expecting such a thing. What I was not expecting </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/04/steve-waldman-on-policy-monopoly.html">Steve Waldman on the futility of blogging and the monopoly of lobbyists in policy making</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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	</ul>
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		<title>David Sokol&#8217;s abrupt resignation</title>
		<link>http://www.creditwritedowns.com/2011/03/david-sokols-abrupt-resignation.html</link>
		<comments>http://www.creditwritedowns.com/2011/03/david-sokols-abrupt-resignation.html#comments</comments>
		<pubDate>Thu, 31 Mar 2011 01:00:55 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Buffett]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[mergers]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=27182</guid>
		<description><![CDATA[<p>David Sokol, widely considered the heir apparent to Warren Buffett,&#160; has abruptly resigned from Berkshire Hathaway&#8217;s subsidiaries after it was revealed that he profited from the purchase of a publicly-traded company made by Berkshire. The SEC is likely to investigate. This looks pretty ugly if you ask me. Sokol will talk to CNBC tomorrow at </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/03/david-sokols-abrupt-resignation.html">David Sokol&#8217;s abrupt resignation</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2009/06/a-conversation-about-prop-8-with-david-boies.html" rel="bookmark">A conversation about Prop. 8 with David Boies on Charlie Rose</a> 5 Jun 2009<!-- (17.9)--></li>
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		<title>Three eminent domain cases show corporatism in action</title>
		<link>http://www.creditwritedowns.com/2011/03/three-eminent-domain-cases-show-corporatism-in-action.html</link>
		<comments>http://www.creditwritedowns.com/2011/03/three-eminent-domain-cases-show-corporatism-in-action.html#comments</comments>
		<pubDate>Thu, 17 Mar 2011 21:00:00 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[civil liberties]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[eminent domain]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[property]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=26872</guid>
		<description><![CDATA[<p>So the dialling for dollars campaign is under way in U.S. municipalities. I'm talking about the use of eminent domain laws to dispossess property owners of property in order to make way for luxury facilities. This is an ongoing process I expect to get worse as cash-strapped municipalities figure out how to close budget gaps. There are three recent cases that I want to highlight. But first, here's some history</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/03/three-eminent-domain-cases-show-corporatism-in-action.html">Three eminent domain cases show corporatism in action</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2009/11/new-york-to-use-eminent-domain-to-build-a-basketball-stadium.html" rel="bookmark">New York to use eminent domain to build a basketball stadium</a> 25 Nov 2009<!-- (50.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/12/a-reminder-about-eminent-domain-and-government-power.html" rel="bookmark">A reminder about eminent domain and government power</a> 10 Dec 2009<!-- (50.4)--></li>
		<li><a href="http://www.creditwritedowns.com/2011/02/corporatism-masquerading-as-liberty.html" rel="bookmark">Corporatism masquerading as Liberty</a> 10 Feb 2011<!-- (23.5)--></li>
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		<title>&#8220;Not a single financial executive has gone to jail, and that&#8217;s wrong&#8221;</title>
		<link>http://www.creditwritedowns.com/2011/02/not-a-single-financial-executive-has-gone-to-jail-and-thats-wrong.html</link>
		<comments>http://www.creditwritedowns.com/2011/02/not-a-single-financial-executive-has-gone-to-jail-and-thats-wrong.html#comments</comments>
		<pubDate>Mon, 28 Feb 2011 13:00:09 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[cinema]]></category>
		<category><![CDATA[control fraud]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=26326</guid>
		<description><![CDATA[<p>This year&#8217;s winner for Best Documentary is &#34;Inside Job&#8216; by Charles Ferguson. In accepting his Oscar, Ferguson said: &#34;Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that&#8217;s wrong.&#34; Yes, he used the &#8216;F&#8217; </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/02/not-a-single-financial-executive-has-gone-to-jail-and-thats-wrong.html">&#8220;Not a single financial executive has gone to jail, and that&#8217;s wrong&#8221;</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Mubarak Defies Expectations And Stays On</title>
		<link>http://www.creditwritedowns.com/2011/02/mubarak-defies-expectations-and-stays-on.html</link>
		<comments>http://www.creditwritedowns.com/2011/02/mubarak-defies-expectations-and-stays-on.html#comments</comments>
		<pubDate>Thu, 10 Feb 2011 21:49:12 +0000</pubDate>
		<dc:creator>Win Thin</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Mideast]]></category>
		<category><![CDATA[protest]]></category>

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		<description><![CDATA[<p>By Win Thin The situation remains unsettled in Egypt.&#160; As of this writing, President Mubarak pledged to stay on until his term ends in September, but delegated some authority to VP Suleiman.&#160; Because of his strong connections to Mubarak, Suleiman will not be taken well by the protestors and we think the situation will intensify </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/02/mubarak-defies-expectations-and-stays-on.html">Mubarak Defies Expectations And Stays On</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Corporatism masquerading as Liberty</title>
		<link>http://www.creditwritedowns.com/2011/02/corporatism-masquerading-as-liberty.html</link>
		<comments>http://www.creditwritedowns.com/2011/02/corporatism-masquerading-as-liberty.html#comments</comments>
		<pubDate>Thu, 10 Feb 2011 15:00:57 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Society]]></category>
		<category><![CDATA[civil liberties]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[eminent domain]]></category>
		<category><![CDATA[philosophy]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=25988</guid>
		<description><![CDATA[<p><p>A corporation is a societal construct codified into legal existence to further the mutual interests of individuals. A corporation is "an artificial being, invisible, intangible, and existing only in contemplation of the law," according to Chief Justice Marshall in the Dartmouth College Case of 1819. Trustees of Dartmouth College v. Woodward, won by Daniel Webster when the state of New Hampshire attempted to turn the college into The University of New Hampshire, was an early American test of eminent domain-type property seizure. </p>

<p>A corporation has no inalienable or natural rights. Nevertheless, it is the fact that corporations represent a group of individuals that allows the 'corporatist' to claim that these fictional legal entities should enjoy the same natural and legal liberties and rights with which individuals are born. </p>

<p>Let me be bold here: The 'Corporatist' is a kleptocrat masquerading as a believer in liberty. He uses terminology based in liberty to construct an ideology solely as a means of furthering the gains of a specific strata of society allied with the corporatist and at the expense of other strata, by coercion if necessary.</p</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/02/corporatism-masquerading-as-liberty.html">Corporatism masquerading as Liberty</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<title>Marshall Auerback on Market Implications of Civil Unrest in Egypt</title>
		<link>http://www.creditwritedowns.com/2011/01/marshall-auerback-on-market-implications-of-civil-unrest-in-egypt.html</link>
		<comments>http://www.creditwritedowns.com/2011/01/marshall-auerback-on-market-implications-of-civil-unrest-in-egypt.html#comments</comments>
		<pubDate>Sat, 29 Jan 2011 15:45:15 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Society]]></category>
		<category><![CDATA[commodities]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[Mideast]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[protest]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=25718</guid>
		<description><![CDATA[<p><p>Marshall Auerback spoke to BNN's Squeeze Play about the civil unrest in Egypt and what the unrest means for financial markets and the global economy. The most obvious global implications regard the potential for civil unrest elsewhere and the impact of unrest on oil prices. Click on image below for the video.</p</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/01/marshall-auerback-on-market-implications-of-civil-unrest-in-egypt.html">Marshall Auerback on Market Implications of Civil Unrest in Egypt</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2011/01/some-thoughts-on-tunisias-implications-for-investors.html" rel="bookmark">Some Thoughts on Tunisia&#8217;s Implications for Investors</a> 19 Jan 2011<!-- (27.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/06/germany-austerity-social-unrest-protectionism-and-gold-bunkers-and-other-links.html" rel="bookmark">Germany: austerity, social unrest, protectionism, gold bunkers and other links</a> 13 Jun 2010<!-- (22.6)--></li>
	</ul>
]]></description>
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		<title>Paging Davos, I never got my invite …</title>
		<link>http://www.creditwritedowns.com/2011/01/paging-davos-i-never-got-my-invite.html</link>
		<comments>http://www.creditwritedowns.com/2011/01/paging-davos-i-never-got-my-invite.html#comments</comments>
		<pubDate>Thu, 27 Jan 2011 14:00:59 +0000</pubDate>
		<dc:creator>Claus Vistesen</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[bailouts]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[funny]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=25667</guid>
		<description><![CDATA[<p>By Claus Vistesen Despite the efforts of yours truly to create as strong a profile as possible in the world of econ-blogging, I regret to inform my readers that the organizers of the World Economic Forum in Davos have not found it within their hearts to invite me to Switzerland. This is a pity actually, </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/01/paging-davos-i-never-got-my-invite.html">Paging Davos, I never got my invite …</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<slash:comments>2</slash:comments>
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		<title>Comments by Faber, Gross, Roach, and Grantham on the Political Economy</title>
		<link>http://www.creditwritedowns.com/2011/01/comments-by-faber-gross-roach-and-grantham-on-the-political-economy.html</link>
		<comments>http://www.creditwritedowns.com/2011/01/comments-by-faber-gross-roach-and-grantham-on-the-political-economy.html#comments</comments>
		<pubDate>Mon, 17 Jan 2011 21:00:50 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Bill Gross]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[Felix Zulauf]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Jeremy Grantham]]></category>
		<category><![CDATA[Marc Faber]]></category>
		<category><![CDATA[Stephen Roach]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=25493</guid>
		<description><![CDATA[<p>Over the past several days, I have caught some very good commentary by a number of well-known financial industry experts. I wanted to share my own thoughts with you on their commentary, especially in light of my last posts on Eisenhower&#8217;s Farewell Address and The New Monetary Consensus. I have featured two of the commentaries </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/01/comments-by-faber-gross-roach-and-grantham-on-the-political-economy.html">Comments by Faber, Gross, Roach, and Grantham on the Political Economy</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
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		<li><a href="http://www.creditwritedowns.com/2009/03/marc-faber-makes-bullish-comments-on-bloomberg.html" rel="bookmark">Marc Faber makes bullish comments on Bloomberg</a> 12 Mar 2009<!-- (36.7)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/05/chanos-roach-discuss-outlook-for-chinas-economy.html" rel="bookmark">Chanos, Roach Discuss Outlook for China&#8217;s Economy</a> 5 May 2010<!-- (30.8)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/12/emerging-markets-win-aggregate-demad-slow.html" rel="bookmark">Gross: &#8216;The global economy is suffering from a lack of aggregate demand&#8217;</a> 1 Dec 2010<!-- (29.3)--></li>
	</ul>
]]></description>
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		<slash:comments>16</slash:comments>
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		<title>Remembering Eisenhower&#8217;s Farewell Address 50 Years Later</title>
		<link>http://www.creditwritedowns.com/2011/01/remembering-eisenhowers-farewell-address-50-years-later.html</link>
		<comments>http://www.creditwritedowns.com/2011/01/remembering-eisenhowers-farewell-address-50-years-later.html#comments</comments>
		<pubDate>Mon, 17 Jan 2011 17:25:15 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[financial history]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=25477</guid>
		<description><![CDATA[<p>While today is a national holiday in the United States, in remembrance of Dr. Martin Luther King Jr., it is also the 50th anniversary of former US President Dwight D. Eisenhower&#8217;s famous farewell presidential address. Ike&#8217;s speech warned about the undemocratic tendencies that the nexus of big government and corporate power creates, specifically addressing the </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/01/remembering-eisenhowers-farewell-address-50-years-later.html">Remembering Eisenhower&#8217;s Farewell Address 50 Years Later</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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	</ul>
]]></description>
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		<title>Why Did America Have A 90% Income Tax Under Eisenhower?</title>
		<link>http://www.creditwritedowns.com/2011/01/reasoning-behind-ninety-percent-marginal-taxes.html</link>
		<comments>http://www.creditwritedowns.com/2011/01/reasoning-behind-ninety-percent-marginal-taxes.html#comments</comments>
		<pubDate>Wed, 05 Jan 2011 18:50:45 +0000</pubDate>
		<dc:creator>Michael Hudson</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[asset-based economy]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[financial history]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=24669</guid>
		<description><![CDATA[<p>Michael Hudson reviews the reasoning behind income tax policy in the 20th century, a good lesson in financial history. Interestingly, he says that data show tax cuts have been followed by slow growth in the </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2011/01/reasoning-behind-ninety-percent-marginal-taxes.html">Why Did America Have A 90% Income Tax Under Eisenhower?</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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]]></description>
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		<title>On self-regulation in banking</title>
		<link>http://www.creditwritedowns.com/2010/12/banking-self-regulation.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/banking-self-regulation.html#comments</comments>
		<pubDate>Tue, 21 Dec 2010 16:30:49 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[fiat currency]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[media watch]]></category>
		<category><![CDATA[precious metals]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=23753</guid>
		<description><![CDATA[<p>I spoke to Max Keiser recently about a number of issues in a wide-ranging interview featured below. In the video, Max and Stacy Herbert talk about some of the hot button issues of the day like the banking sector in Ireland and the lack of criminal prosecutions in the US for the first 13 minutes </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/12/banking-self-regulation.html">On self-regulation in banking</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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	</ul>
]]></description>
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		<slash:comments>5</slash:comments>
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		<title>Mervyn King: “Systemic Insolvency Is Now The Problem”</title>
		<link>http://www.creditwritedowns.com/2010/12/mervyn-king-systemic-insolvency-is-now-the-problem.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/mervyn-king-systemic-insolvency-is-now-the-problem.html#comments</comments>
		<pubDate>Sat, 18 Dec 2010 01:27:15 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[capital]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[fake recovery]]></category>
		<category><![CDATA[WikiLeaks]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/12/mervyn-king-systemic-insolvency-is-now-the-problem.html</guid>
		<description><![CDATA[<p>I want to take you through how we got from the financial system&#8217;s &#34;systemic insolvency&#34; to bailouts to record profits and bonuses again in the span of two years. From the WikiLeaks cables as published in the Guardian today regarding a meeting with the US Ambassador to the United Kingdom and the Bank of England </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/12/mervyn-king-systemic-insolvency-is-now-the-problem.html">Mervyn King: “Systemic Insolvency Is Now The Problem”</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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	</ul>
]]></description>
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		<slash:comments>18</slash:comments>
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		<title>Whose Side is the White House On?</title>
		<link>http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html#comments</comments>
		<pubDate>Mon, 06 Dec 2010 21:44:40 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[control fraud]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[George Bush]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[military]]></category>
		<category><![CDATA[protest]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=23181</guid>
		<description><![CDATA[<p>In a speech given on November 20, 2010 at the ADA Education Fund’s Post-election Conference at Harvard's Kennedy School of Government, Professor James K. Galbraith asks for whom President Obama is really working</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html">Whose Side is the White House On?</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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		<li><a href="http://www.creditwritedowns.com/2008/11/obama-white-house-add-larry-summers-and-robert-gibbs.html" rel="bookmark">Obama White House: Add Larry Summers and Robert Gibbs</a> 22 Nov 2008<!-- (33.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/04/goldman-gets-ex-white-house-counsel.html" rel="bookmark">Goldman gets ex-White House counsel</a> 20 Apr 2010<!-- (33.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/07/wapo-cancels-paid-white-house-congress-lobbyist-hook-up.html" rel="bookmark">WaPo cancels paid White House-Congress-lobbyist hook up</a> 3 Jul 2009<!-- (32.5)--></li>
	</ul>
]]></description>
		<wfw:commentRss>http://www.creditwritedowns.com/2010/12/whose-side-is-the-white-house-on.html/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<item>
		<title>Site Scrapers Find Free Money on the Web</title>
		<link>http://www.creditwritedowns.com/2010/12/site-scrapers-game-google-search.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/site-scrapers-game-google-search.html#comments</comments>
		<pubDate>Fri, 03 Dec 2010 17:00:00 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[journalism]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/12/site-scrapers-game-google-search.html</guid>
		<description><![CDATA[<p>This is about how site scrapers use loopholes in the Google Search algorithm to rank highly for content they scrape from the sites of others. These activities may eventually become an issue for regulatory officials since Google also earns revenue from these practices in the online advertising space that it dominates</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/12/site-scrapers-game-google-search.html">Site Scrapers Find Free Money on the Web</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>

No related posts.
]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>End The Fed</title>
		<link>http://www.creditwritedowns.com/2010/12/end-fed.html</link>
		<comments>http://www.creditwritedowns.com/2010/12/end-fed.html#comments</comments>
		<pubDate>Wed, 01 Dec 2010 22:00:00 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[civil liberties]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[protest]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/12/end-fed.html</guid>
		<description><![CDATA[<p>A guest post by Matt Stoller, the former Senior Policy Advisor for Rep. Alan Grayson and progressive commentator. Follow him on twitter @matthewstoller. In a cross-post from New Deal 2.0, Stoller outlines why Libertarians, Tea Party activists and Progressives are united in their opposition to the Federal Reserve's activities</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/12/end-fed.html">End The Fed</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>

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		<slash:comments>1</slash:comments>
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		<item>
		<title>Schemes of the Rich and Greedy</title>
		<link>http://www.creditwritedowns.com/2010/11/schemes-of-the-rich-and-greedy.html</link>
		<comments>http://www.creditwritedowns.com/2010/11/schemes-of-the-rich-and-greedy.html#comments</comments>
		<pubDate>Thu, 25 Nov 2010 07:51:36 +0000</pubDate>
		<dc:creator>Michael Hudson</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[bailouts]]></category>
		<category><![CDATA[Baltics]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[taxes]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=22657</guid>
		<description><![CDATA[<p>The 30-year campaign of the wealthy to rig our economic system – especially the tax component – for their own benefit will accelerate with the GOP capture of the House of Representatives and the likely capture of the presidency and Senate in two years. For a foreshadowing of what is to come, a dress rehearsal has been conducted in Latvia, Iceland, Ireland and other financially strapped countries. Latvia has been burdened with the world’s most regressive tax system, while Iceland and Ireland have become record setters in tapping taxpayers to bail out financial crime syndicates, a.k.a. banks</p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/11/schemes-of-the-rich-and-greedy.html">Schemes of the Rich and Greedy</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2010/02/60-minutes-pigeon-fever-and-ponzi-schemes-on-wall-street.html" rel="bookmark">60 Minutes &#8211; Pigeon Fever and Ponzi Schemes on Wall Street</a> 19 Feb 2010<!-- (24.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/03/links-2010-03-20-bank-failure-edition-plus-repo-man-for-the-rich.html" rel="bookmark">Links: 2010-03-20 – Bank Failure edition (plus repo man for the rich)</a> 20 Mar 2010<!-- (21.5)--></li>
	</ul>
]]></description>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Google CEO Schmidt: &#8220;The laws are written by lobbyists&#8221;</title>
		<link>http://www.creditwritedowns.com/2010/10/google-ceo-schmidt-the-laws-are-written-by-lobbyists.html</link>
		<comments>http://www.creditwritedowns.com/2010/10/google-ceo-schmidt-the-laws-are-written-by-lobbyists.html#comments</comments>
		<pubDate>Sun, 03 Oct 2010 12:38:53 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[lobbyists]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=20943</guid>
		<description><![CDATA[<p>Of course they are. Watch this clip of Eric Schmidt to hear what he says in this regard. Is his experience in the telecom and technology space any different than what happens in the financial services space? The other quote that I found interesting was Schmidt&#8217;s declaration that &#34;Washington is an incumbent protection machine.&#34; This </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/10/google-ceo-schmidt-the-laws-are-written-by-lobbyists.html">Google CEO Schmidt: &#8220;The laws are written by lobbyists&#8221;</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2010/09/the-big-interview-with-googles-ceo-eric-schmidt.html" rel="bookmark">The Big Interview with Google&#8217;s CEO Eric Schmidt</a> 25 Sep 2010<!-- (43)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/12/why-is-barney-frank-allowing-lobbyists-to-gut-financial-reform.html" rel="bookmark">Why is Barney Frank allowing lobbyists to gut financial reform?</a> 7 Dec 2009<!-- (25.5)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/05/google-why-i-am-switching-from-feedburner-to-feedblitz.html" rel="bookmark">Google: Why I am switching from FeedBurner to FeedBlitz</a> 1 May 2009<!-- (19)--></li>
	</ul>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>On ideology and economics and the apathy of the American public</title>
		<link>http://www.creditwritedowns.com/2010/08/on-ideology-and-economics-and-the-apathy-of-the-american-public.html</link>
		<comments>http://www.creditwritedowns.com/2010/08/on-ideology-and-economics-and-the-apathy-of-the-american-public.html#comments</comments>
		<pubDate>Thu, 12 Aug 2010 20:39:58 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[corporatism]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[efficient markets hypothesis]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[Newt Gingrich]]></category>
		<category><![CDATA[psychology]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/08/on-ideology-and-economics-and-the-apathy-of-the-american-public.html</guid>
		<description><![CDATA[<p>This is me thinking out loud (on paper). Comments are appreciated. During crisis we often see economics come toe-to-toe with ideology because government becomes a more openly active player in our lives. This crisis has been no different. It is one reason I saved a space in my credit crisis timeline to outline government action </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/08/on-ideology-and-economics-and-the-apathy-of-the-american-public.html">On ideology and economics and the apathy of the American public</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
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		<li><a href="http://www.creditwritedowns.com/2010/07/looting-by-public-officials-in-bell-california.html" rel="bookmark">Looting by public officials in Bell California</a> 23 Jul 2010<!-- (20.1)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/02/public-anger-at-wall-street-begins-to-boil-over.html" rel="bookmark">Public anger at Wall Street begins to boil over</a> 10 Feb 2009<!-- (19.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/04/goldmans-public-purpose-and-where-i-have-problems-with-the-abacus-deal.html" rel="bookmark">Goldman&#8217;s public purpose and where I have problems with the Abacus deal</a> 29 Apr 2010<!-- (19.9)--></li>
	</ul>
]]></description>
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		<slash:comments>11</slash:comments>
		</item>
		<item>
		<title>On Too Big To Fail As A Company Strategy and Other Links</title>
		<link>http://www.creditwritedowns.com/2010/08/too-big-to-fail-as-company-strategy.html</link>
		<comments>http://www.creditwritedowns.com/2010/08/too-big-to-fail-as-company-strategy.html#comments</comments>
		<pubDate>Thu, 05 Aug 2010 13:04:38 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[financial news]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=19125</guid>
		<description><![CDATA[<p>Here are two stories I found interesting. The first is on a BIS paper which says that there are no real scale economies beyond a certain point in banking. Company size is driven by the implicit taxpayer guarantees too big to fail financial institutions get.&#160; The second story is in German but says the same </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/08/too-big-to-fail-as-company-strategy.html">On Too Big To Fail As A Company Strategy and Other Links</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
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		<li><a href="http://www.creditwritedowns.com/2010/06/spains-labour-market-reforms-fail-and-other-links.html" rel="bookmark">Spain&#8217;s labour market reforms talks fail and other links</a> 10 Jun 2010<!-- (25)--></li>
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	</ul>
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Looting by public officials in Bell California</title>
		<link>http://www.creditwritedowns.com/2010/07/looting-by-public-officials-in-bell-california.html</link>
		<comments>http://www.creditwritedowns.com/2010/07/looting-by-public-officials-in-bell-california.html#comments</comments>
		<pubDate>Fri, 23 Jul 2010 18:19:26 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Political Economy]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[local government]]></category>
		<category><![CDATA[pensions]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/07/looting-by-public-officials-in-bell-california.html</guid>
		<description><![CDATA[<p>I heard this about Bell, California on the car radio this morning. The sums involved are absolutely astronomical for a town of 37,000.&#160; This may be an extreme case but it far from isolated. Hundreds of residents of one of the poorest municipalities in Los Angeles County shouted in protest last night as tensions rose </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/07/looting-by-public-officials-in-bell-california.html">Looting by public officials in Bell California</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
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		<li><a href="http://www.creditwritedowns.com/2009/02/california-closed-for-business.html" rel="bookmark">California closed for business</a> 9 Feb 2009<!-- (22.2)--></li>
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	</ul>
]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Thoughts on Anti-Government Rhetoric And Other Links</title>
		<link>http://www.creditwritedowns.com/2010/07/thoughts-on-anti-government-rhetoric.html</link>
		<comments>http://www.creditwritedowns.com/2010/07/thoughts-on-anti-government-rhetoric.html#comments</comments>
		<pubDate>Wed, 07 Jul 2010 15:30:00 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[civil liberties]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[financial news]]></category>
		<category><![CDATA[government]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/07/thoughts-on-anti-government-rhetoric.html</guid>
		<description><![CDATA[<p>Must Read: Government and civil liberties The DISCLOSE Act: New Media, Old Politics, and the Fight for Public Data « The Scholarly Kitchen Also see Military: U.S. soldier to be charged in leak of strike video – This Just In &#8211; CNN.com Blogs The administration defends its assassination program &#8211; Glenn Greenwald &#8211; Salon.com Thought </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
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<br ><a href="http://www.creditwritedowns.com/2010/07/thoughts-on-anti-government-rhetoric.html">Thoughts on Anti-Government Rhetoric And Other Links</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
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<ul>
		<li><a href="http://www.creditwritedowns.com/2009/11/a-few-thoughts-about-the-limitations-of-government.html" rel="bookmark">A few thoughts about the limitations of government</a> 23 Nov 2009<!-- (29.9)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/01/poll-results-why-obama-has-ratcheted-up-the-populist-rhetoric.html" rel="bookmark">Poll results: Why Obama has ratcheted up the populist rhetoric</a> 25 Jan 2010<!-- (23)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/03/links-2010-03-05-debtflation-the-role-of-government-and-lessons-from-japan.html" rel="bookmark">Links: 2010-03-05 &ndash; Debtflation, the role of government, and lessons from Japan</a> 5 Mar 2010<!-- (22.3)--></li>
	</ul>
]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Davidowitz: Credit Crisis &#8216;A Gigantic Ponzi Scheme, Lies And Fraud&#8217;</title>
		<link>http://www.creditwritedowns.com/2010/07/davidowitz-credit-crisis-a-gigantic-ponzi-scheme-lies-and-fraud.html</link>
		<comments>http://www.creditwritedowns.com/2010/07/davidowitz-credit-crisis-a-gigantic-ponzi-scheme-lies-and-fraud.html#comments</comments>
		<pubDate>Thu, 01 Jul 2010 18:30:00 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Howard Davidowitz]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/2010/07/davidowitz-credit-crisis-a-gigantic-ponzi-scheme-lies-and-fraud.html</guid>
		<description><![CDATA[<p>Below is a very entertaining interview with Howard Davidowitz on financial reform and the credit crisis with Aaron Task and Henry Blodget of Tech Ticker (hat tip Scott). Davidowitz says don&#8217;t expect any substantive changes, especially when the underlying problem from the credit crisis was &#34;a massive fraud&#34; and nothing is being done about it. </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/07/davidowitz-credit-crisis-a-gigantic-ponzi-scheme-lies-and-fraud.html">Davidowitz: Credit Crisis &#8216;A Gigantic Ponzi Scheme, Lies And Fraud&#8217;</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2009/12/the-year-in-review-at-credit-writedowns-crisis-solutions.html" rel="bookmark">The year in review at Credit Writedowns: Crisis Solutions</a> 28 Dec 2009<!-- (26.3)--></li>
		<li><a href="http://www.creditwritedowns.com/2010/03/a-few-comments-on-this-blogs-harsher-tone-about-the-credit-crisis.html" rel="bookmark">A few comments on this blog’s harsher tone about the credit crisis</a> 8 Mar 2010<!-- (25.3)--></li>
		<li><a href="http://www.creditwritedowns.com/2008/05/uk-is-ground-zero-in-credit-crisis.html" rel="bookmark">The UK is ground zero in the credit crisis</a> 2 May 2008<!-- (25.1)--></li>
	</ul>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dykstra Tells Creditors To Pile it On And They Oblige</title>
		<link>http://www.creditwritedowns.com/2010/06/dykstra-tells-creditors-pile-oblige.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/dykstra-tells-creditors-pile-oblige.html#comments</comments>
		<pubDate>Mon, 28 Jun 2010 20:40:17 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Markets]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[law]]></category>
		<category><![CDATA[sports]]></category>
		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=18047</guid>
		<description><![CDATA[<p>Let&#8217;s re-visit one of the more salacious stories to hit the papers in the post-Bernie Madoff era. I&#8217;m talking about the story of Lenny &#8216;Nails&#8217; Dykstra, the former all-star baseball player turned stock picker made by TheStreet.com&#8217;s Jim Cramer. Dykstra ran into a bit of trouble last year after the market turned down. The Wall </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/06/dykstra-tells-creditors-pile-oblige.html">Dykstra Tells Creditors To Pile it On And They Oblige</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2009/07/jon-stewart-on-lenny-dykstra.html" rel="bookmark">Jon Stewart on Lenny Dykstra</a> 15 Jul 2009<!-- (27.4)--></li>
	</ul>
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Charlie Gasparino Takes Negative View on Warren Buffett&#8217;s Ratings Agency Testimony</title>
		<link>http://www.creditwritedowns.com/2010/06/charlie-gasparino-takes-negative-view-on-warren-buffetts-ratings-agency-testimony.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/charlie-gasparino-takes-negative-view-on-warren-buffetts-ratings-agency-testimony.html#comments</comments>
		<pubDate>Thu, 03 Jun 2010 00:31:56 +0000</pubDate>
		<dc:creator>Edward Harrison</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Buffett]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[local government]]></category>
		<category><![CDATA[ratings agencies]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=16646</guid>
		<description><![CDATA[<p>Charlie Gasparino rips Warren Buffett for his stance on the ratings agencies and their role in creating the financial crisis. Here&#8217;s the money quote: He believes that [rating credit is] a sleazy business and it makes a lot of money so he&#8217;s gonna own it. Well, that takes Warren Buffett down three notches in my </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/06/charlie-gasparino-takes-negative-view-on-warren-buffetts-ratings-agency-testimony.html">Charlie Gasparino Takes Negative View on Warren Buffett&#8217;s Ratings Agency Testimony</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2009/12/gasparino-no-woodshed-for-the-fat-cats-just-a-lovefest.html" rel="bookmark">Gasparino: No woodshed for the fat cats, just a lovefest</a> 15 Dec 2009<!-- (26.2)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/03/video-geithner-calls-for-single-agency-to-oversee-systemic-risks.html" rel="bookmark">Video: Geithner calls for single agency to oversee systemic risks</a> 26 Mar 2009<!-- (22.6)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/10/simon-johnsons-testimony-expunged-from-congressional-records.html" rel="bookmark">Robert Johnson&#8217;s testimony expunged from Congressional records</a> 29 Oct 2009<!-- (22.5)--></li>
	</ul>
]]></description>
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		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>James Galbraith: Why the &#8216;Experts&#8217; Failed to See How Financial Fraud Collapsed the Economy</title>
		<link>http://www.creditwritedowns.com/2010/06/james-galbraith-why-the-experts-failed-to-see-how-financial-fraud-collapsed-the-economy.html</link>
		<comments>http://www.creditwritedowns.com/2010/06/james-galbraith-why-the-experts-failed-to-see-how-financial-fraud-collapsed-the-economy.html#comments</comments>
		<pubDate>Wed, 02 Jun 2010 14:51:50 +0000</pubDate>
		<dc:creator>Guest Author</dc:creator>
				<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[control fraud]]></category>
		<category><![CDATA[corruption]]></category>
		<category><![CDATA[efficient markets hypothesis]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[regulation]]></category>

		<guid isPermaLink="false">http://www.creditwritedowns.com/?p=16610</guid>
		<description><![CDATA[<p>The following is the text of a James K. Galbraith’s written statement to members of the Senate Judiciary Committee delivered this May. Original text is here. Chairman Specter, Ranking Member Graham, Members of the Subcommittee, as a former member of the congressional staff it is a pleasure to submit this statement for your record. I </p><p><hr />Credit Writedowns Pro is now live. <a href="https://www.creditwritedowns.com/members/">Sign up today</a> for monthly or yearly subscriptions. 
<br >Also read our <a href="http://www.creditwritedowns.com/news-feed/">News Feed</a> for the latest financial and economic news.
<br ><a href="http://www.creditwritedowns.com/2010/06/james-galbraith-why-the-experts-failed-to-see-how-financial-fraud-collapsed-the-economy.html">James Galbraith: Why the &#8216;Experts&#8217; Failed to See How Financial Fraud Collapsed the Economy</a> originally appeared on <a href="http://www.creditwritedowns.com">Credit Writedowns</a>
<br /> <br />Links: <a href="http://www.creditwritedowns.com/feed">RSS</a> - <a href="http://eepurl.com/hfF3U">Daily</a> - <a href="http://eepurl.com/eklTA">Weekly</a> - <a href="http://twitter.com/edwardnh">Twitter</a> - <a href="http://www.facebook.com/creditwritedowns">Facebook</a> - <a href="http://www.creditwritedowns.com/contact">Contact</a>
<br /><small>Credit Writedowns Feed # abf0d081857b85fe6be494728740a4f1</small></p><strong>Related Posts</strong>
<ul>
		<li><a href="http://www.creditwritedowns.com/2009/12/james-galbraith-how-financial-stability-creates-instability.html" rel="bookmark">James Galbraith: How financial stability creates instability</a> 1 Dec 2009<!-- (54.1)--></li>
		<li><a href="http://www.creditwritedowns.com/2009/03/too-big-has-failed.html" rel="bookmark">Too big has failed</a> 9 Mar 2009<!-- (21.8)--></li>
		<li><a href="http://www.creditwritedowns.com/2008/09/random-musing-why-lehman-failed.html" rel="bookmark">Why Lehman failed</a> 17 Sep 2008<!-- (20.6)--></li>
	</ul>
]]></description>
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		<slash:comments>5</slash:comments>
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