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	<title>Obsolete Certainty &#187; Wall Street</title>
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	<link>http://obsoletecertainty.com</link>
	<description>Following a world full of uncertainty.</description>
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		<title>Fannie and Freddie. Where is the Outrage?</title>
		<link>http://obsoletecertainty.com/fannie-and-freddie-where-is-the-outrage/</link>
		<comments>http://obsoletecertainty.com/fannie-and-freddie-where-is-the-outrage/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 09:10:13 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[executive bonus]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Freddie Mac]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=56</guid>
		<description><![CDATA[It seems that AIG isn&#8217;t the only financial giant that is paying large executive bonuses after being bailed out by the U.S. Taxpayer.  Both Fannie Mae and Freddie Mac, the giant mortgage agencies, are reportedly set to pay over $210 million in bonuses over the next 18 months. However, absent this time are the steady [...]]]></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>Who Got The AIG Bailout?</title>
		<link>http://obsoletecertainty.com/who-got-the-aig-bailout/</link>
		<comments>http://obsoletecertainty.com/who-got-the-aig-bailout/#comments</comments>
		<pubDate>Mon, 09 Mar 2009 11:52:46 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[derivatives]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=43</guid>
		<description><![CDATA[The press and the blogosphere are abuzz concerning reports that much of the AIG bailout money went to other banks and financial institutions.  But should that really be a big surprise? The fact is the bailout of AIG was never about bailing out AIG. It was to prevent a much bigger systemic problem.  AIG was [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Alabama County Prepares for Bankruptcy</title>
		<link>http://obsoletecertainty.com/alabama-county-prepares-for-bankruptcy/</link>
		<comments>http://obsoletecertainty.com/alabama-county-prepares-for-bankruptcy/#comments</comments>
		<pubDate>Wed, 27 Aug 2008 08:23:12 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=15</guid>
		<description><![CDATA[Alabama&#8217;s largest county is making preparations for bankruptcy. Jefferson County, stung by rising debt service from $3 billion in bonds has asked their lawyers to begin the process if negotiations with creditors do not succeed. Should the county take this route it would be the biggest municipal bankruptcy since Orange County, California in 1994. The [...]]]></description>
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		<title>A trillion here&#8230;</title>
		<link>http://obsoletecertainty.com/a-trillion-here/</link>
		<comments>http://obsoletecertainty.com/a-trillion-here/#comments</comments>
		<pubDate>Sun, 27 Jul 2008 13:23:43 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[mortgage meltdown]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=9</guid>
		<description><![CDATA[Bill Gross, who manages the world&#8217;s biggest bond fund, estimates that the total write-downs related to the current mortgage mess will hit a trillion dollars.  Gross, manager of the Pacific Investment Management Company (often referred to as PIMCO) states that the total investment in &#8220;risky assets&#8221;, such as subprime and Alt-A mortgages, total $5 trillion. [...]]]></description>
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		<title>GM&#8217;s Market Cap</title>
		<link>http://obsoletecertainty.com/gms-market-cap/</link>
		<comments>http://obsoletecertainty.com/gms-market-cap/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 21:33:28 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=8</guid>
		<description><![CDATA[An interesting little piece by Matt Nesto on CNBC.com about the market capitalization of General Motors.  GM, which was once the biggest and baddest corporate creature on the planet, now has a market cap of only $7 billion dollars That is drastically down from a market cap of $56 billion in 2000. To provide context [...]]]></description>
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		<title>Former Citi CEO Can&#8217;t Sell House</title>
		<link>http://obsoletecertainty.com/former-citi-ceo-cant-sell-house/</link>
		<comments>http://obsoletecertainty.com/former-citi-ceo-cant-sell-house/#comments</comments>
		<pubDate>Wed, 18 Jun 2008 22:09:31 +0000</pubDate>
		<dc:creator>O.C.</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[busines]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[New York]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[real estate crisis]]></category>
		<category><![CDATA[Wall Street]]></category>

		<guid isPermaLink="false">http://obsoletecertainty.com/?p=4</guid>
		<description><![CDATA[Former Citigroup CEO Charles Prince, whose unemployment status is at least partially the result of the real estate crisis, is having trouble unloading a modest little home.  Prince has a five bedroom Tudor style home in Greenwich, Connecticut that has been on the market for six months. Unfortunately for Chuck, the mortgage crisis has put [...]]]></description>
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