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	<title>Obsolete Certainty &#187; banking</title>
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	<link>http://obsoletecertainty.com</link>
	<description>Following a world full of uncertainty.</description>
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		<title>Stress Test Secrets</title>
		<link>http://obsoletecertainty.com/stress-test-secrets/</link>
		<comments>http://obsoletecertainty.com/stress-test-secrets/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 16:06:47 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[stress test]]></category>
		<category><![CDATA[TARP]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=70</guid>
		<description><![CDATA[U.S. banks have reportedly been told by Federal regulators not to go public with the results of the so-called government stress test. I seems that the government may be worried that the unwashed masses (aka the taxpayers funding all these bailouts) will be able to determine which of the 19 large banks may not have [...]]]></description>
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		<title>OTS Polakoff Placed on Leave</title>
		<link>http://obsoletecertainty.com/ots-polakoff-placed-on-leave/</link>
		<comments>http://obsoletecertainty.com/ots-polakoff-placed-on-leave/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 10:59:32 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[OTS]]></category>
		<category><![CDATA[Polakoff]]></category>
		<category><![CDATA[politics]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=52</guid>
		<description><![CDATA[Acting Office of Thrift Supervision Director Scott Polakoff has been placed on leave pending an internal investigation of the agency&#8217;s role in allowing troubled thrifts to backdate capital infusions. According to the Wall Street Journal, OTS Chief Counsel John Bowman will run the agency in the interim. addthis_url = 'http%3A%2F%2Fobsoletecertainty.com%2Fots-polakoff-placed-on-leave%2F'; addthis_title = 'OTS+Polakoff+Placed+on+Leave'; addthis_pub = [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Taxpayers to Pay AIG Bonuses</title>
		<link>http://obsoletecertainty.com/taxpayers-to-pay-aig-bonuses/</link>
		<comments>http://obsoletecertainty.com/taxpayers-to-pay-aig-bonuses/#comments</comments>
		<pubDate>Sun, 15 Mar 2009 13:06:07 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[executive bonuses]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=45</guid>
		<description><![CDATA[Congratulations fellow American taxpayer. We are going to write a check fo $165 million to fund executive bonuses at AIG. That is right! And not just any division of AIG, but the AIG financial products division that wrote all those toxic credit default swaps and other derivatives that threatened a financial doomsday. Edward Libby, the [...]]]></description>
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		<slash:comments>2</slash:comments>
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		<title>Countrywide Sued Over Dead Man&#8217;s Home</title>
		<link>http://obsoletecertainty.com/countrywide-sued-over-dead-mans-home/</link>
		<comments>http://obsoletecertainty.com/countrywide-sued-over-dead-mans-home/#comments</comments>
		<pubDate>Tue, 26 Aug 2008 10:42:39 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[mortgage fraud]]></category>
		<category><![CDATA[mortgage meltdown]]></category>
		<category><![CDATA[real estate]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=13</guid>
		<description><![CDATA[Ticor Title, a mortgage title insurance company, has sued Countrywide over the title claim to a Chicago home that was reportedly bought and sold THREE TIMES during a period where the previous owner, Randy Johnson, sat mummified in a chair next to his dead dog. The 2007 loan in question is a $360,000 first mortgage [...]]]></description>
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		<title>RBS Post First Ever Loss</title>
		<link>http://obsoletecertainty.com/rbs-post-first-ever-loss/</link>
		<comments>http://obsoletecertainty.com/rbs-post-first-ever-loss/#comments</comments>
		<pubDate>Fri, 08 Aug 2008 10:37:00 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage meltdown]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=12</guid>
		<description><![CDATA[The Royal Bank of Scotland, the second largest bank in the U.K., posted a net loss which was the first loss recorded by the bank since becoming a public company 40 years ago.  However, the apparent good news is that the company believes that the $11.4 billion (U.S.) in write-downs announced earlier this year may [...]]]></description>
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		<title>Freddie Reports Loss</title>
		<link>http://obsoletecertainty.com/freddie-reports-loss/</link>
		<comments>http://obsoletecertainty.com/freddie-reports-loss/#comments</comments>
		<pubDate>Wed, 06 Aug 2008 10:35:58 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[mortgage meltdown]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=10</guid>
		<description><![CDATA[The mortgage meltdown continues as Freddie Mac reported a worse than expected loss in the second quarter driven by a $2.5 billion dollar provision for loan losses.  The second quarter loss of $821 million or $1.63 a share was significantly worse than analyst expectations.  Freddie will now cut the third quarter dividend and continue to [...]]]></description>
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		<title>WaMu and Credit Cards</title>
		<link>http://obsoletecertainty.com/wamu-and-credit-cards/</link>
		<comments>http://obsoletecertainty.com/wamu-and-credit-cards/#comments</comments>
		<pubDate>Wed, 25 Jun 2008 01:54:59 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[WaMu]]></category>
		<category><![CDATA[Washington Mutual]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=6</guid>
		<description><![CDATA[It appears that losing billions of dollars on bad mortgage loans wasn&#8217;t enough for Washington Mutual. The large thrift has decided to jump head first in the subprime credit card business in an attempt that could be best described as essentially playing a double or nothing bet. According to an article by Ari Levy in [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Short Sales Aren&#8217;t Easy.</title>
		<link>http://obsoletecertainty.com/short-sales-arent-easy/</link>
		<comments>http://obsoletecertainty.com/short-sales-arent-easy/#comments</comments>
		<pubDate>Sun, 15 Jun 2008 13:55:09 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[foreclosure]]></category>
		<category><![CDATA[lending]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[short-sales]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=3</guid>
		<description><![CDATA[&#8220;Surprising&#8221; news today from the Los Angeles Times. Conducting short sale real estate transactions is not easy. Short sales, in which an underwater borrower sells the home for less than the loan balance to prevent a foreclosure, can be complicated, time consuming and sometimes impossible to complete. &#8220;The waiting is torture,&#8221; said Mark Shandrow, a [...]]]></description>
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