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	<title>Honest Answers about the Financial Collapse</title>
	<link>http://www.honestanswers.org/wordpress</link>
	<description>Deregulation, Disaster, and What Happens Next</description>
	<lastBuildDate>Wed, 20 May 2009 17:15:28 +0000</lastBuildDate>
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		<title>Congress’s Credit Card Fraud</title>
		<description><![CDATA[Here’s some bad news for the many Americans who these days have to rely more than ever on their credit cards: the new ‘reforms’ passed by the U.S. Senate yesterday don’t address the most serious abuses of the greed-driven credit card industry. Which is too bad, since if Congress doesn’t have the courage to stop [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=27</link>
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		<title>Why the Bonuses Matter</title>
		<description><![CDATA[The AIG bonuses are a magnitude ten on the political Richter scale. And that has some folks worried. Some public officials, newspapers and Sunday talk shows are telling Americans it’s time to move on – that the uproar over the bonuses is a “distraction” that might interfere with the economic recovery itself. They’re right, but [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=26</link>
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		<title>Tears on Wall Street</title>
		<description><![CDATA[Geez – has our outrage gone too far? Two separate articles in the New York Times report that the beneficiaries of our taxpayer-funded bonuses are really upset. An AIG exec “looked as if he was fighting back tears” describing how his privacy had been invaded over the last few days. Fear of losing their bonuses [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=25</link>
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		<title>Seize AIG &amp; Open the Files</title>
		<description><![CDATA[As explained in Sold Out, our economy is in the toilet today because Wall Street invested $5 billion in Washington and got a gambling license in return. But now Wall Street has burned Washington: the AIG fiasco ignited a public firestorm of outrage over the weekend. What should Washington do? Here are a few suggestions: [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=24</link>
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		<title>Sack the Fat Cats &amp; Put Taxpayers on the Citigroup Board</title>
		<description><![CDATA[The federal government bailed out Citigroup for the third time a few weeks ago, and bailouts 4, 5 and 6 could be just around the corner. At this point, the US government has already put more public money into Citigroup then it is worth. Yet American taxpayers now own only about 36% of the company’s [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=22</link>
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		<title>Turning Outrage Into Action</title>
		<description><![CDATA[Four months ago, it became clear to me that blogging about the financial calamity wasn’t going to cut it. We needed to do something about it. It was clear even then – just days after the presidential election – that the Money Industry was still conducting business as usual on Wall Street and in Washington. [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=21</link>
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		<title>Now v. Later</title>
		<description><![CDATA[Imagine a clock that marks time not only in minutes and hours, but centuries and millennia. What would that tell you? That it&#8217;s important to think beyond the immediate, for one thing. The financial crisis, like the energy crisis and the climate crisis, arose because of short-term, get-rich now, pay later thinking. Apart from a [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=20</link>
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		<title>The Day After Tomorrow</title>
		<description><![CDATA[Once the euphoria subsides tomorrow, whoever is elected will have the deeply difficult task of rescuing our economy from a looming depression. Let’s see where we are nearly sixty days after the meltdown: 1. The $700 billion bailout has yet to lead to the kind of mortgage or credit card rate reductions needed to reboot [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=19</link>
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		<title>No Sale</title>
		<description><![CDATA[In “Bailout: The Sequel,” the Bush Administration decided two weeks ago that the only way to convince banks and Wall Street to start lending again was to give U.S. banks a big hunk of the $700 billion in taxpayer money that Congress approved not even one month ago. Unlike the original plan, under which the [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=18</link>
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		<title>The Bailout is Dead. Long Live the Bailout.</title>
		<description><![CDATA[Barely two weeks after Congress agreed to the $700 billion bailout of Wall Street, the original plan is dead. In fact, there never was a real plan to begin with. From the three-page legislation first proposed by the Bush Administration on September 19, to the bloated 442 page version passed by the House on October [...]]]></description>
		<link>http://www.honestanswers.org/wordpress/?p=15</link>
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