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	<title>Talking Bollocks &#187; &#8220;credit crunch&#8221;</title>
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	<description>The Nature of Now</description>
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		<title>Talking Bollocks &#187; &#8220;credit crunch&#8221;</title>
		<link>http://talkingbollocks.net</link>
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		<item>
		<title>Here comes another credit crunch</title>
		<link>http://talkingbollocks.net/2012/01/05/here-comes-another-credit-crunch/</link>
		<comments>http://talkingbollocks.net/2012/01/05/here-comes-another-credit-crunch/#comments</comments>
		<pubDate>Thu, 05 Jan 2012 22:52:12 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[ecb]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[european central bank]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=4699</guid>
		<description><![CDATA[The graph shows usage of the European Central Bank (ECB) overnight deposit facility. This is where banks have been stashing their cash because they are scared of putting it anywhere else. The amount has now increased to t €446 billion, just shy of the all tie record of €452 billion. The implication, according to BBC2 Newsnight, is that a credit crunch is weeks away.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=4699&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
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			<media:title type="html">ECB deposit</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2010/10/yachts.jpg" medium="image">
			<media:title type="html">Yachts</media:title>
		</media:content>
	</item>
		<item>
		<title>Stewart Fraser more bothered by hippies than financial incompetents</title>
		<link>http://talkingbollocks.net/2011/11/27/stewart-fraser-of-the-city-of-london-corp-ignores-criticism/</link>
		<comments>http://talkingbollocks.net/2011/11/27/stewart-fraser-of-the-city-of-london-corp-ignores-criticism/#comments</comments>
		<pubDate>Sun, 27 Nov 2011 13:29:48 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[People]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[Chairman of the Policy & Resources Committee]]></category>
		<category><![CDATA[City Of London Corporation]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[occupy london]]></category>
		<category><![CDATA[Occupy protest]]></category>
		<category><![CDATA[St. Paul's Cathedral]]></category>
		<category><![CDATA[Stewart Fraser]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=4496</guid>
		<description><![CDATA[Further, while I understand that bonuses can be a useful tool most investors are in it for the long term. It is therefore idiotic to pay traders massive bonuses because they made good profits in a single year.
As a man approaching retirement I require long term growth not erratic variations in my investments. As it is my investments have plummeted.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=4496&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

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			<media:title type="html">Stewart Fraser - bothered about hippies</media:title>
		</media:content>

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			<media:title type="html">Fantastic Art Photography</media:title>
		</media:content>
	</item>
		<item>
		<title>Occupy Brighton</title>
		<link>http://talkingbollocks.net/2011/11/19/occupy-brighton/</link>
		<comments>http://talkingbollocks.net/2011/11/19/occupy-brighton/#comments</comments>
		<pubDate>Sat, 19 Nov 2011 18:25:57 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[brighton]]></category>
		<category><![CDATA[democracy]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[faith]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[gold standard]]></category>
		<category><![CDATA[King and Queen]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[occupy brighton]]></category>
		<category><![CDATA[Occupy protest]]></category>
		<category><![CDATA[victoria gardens]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=4478</guid>
		<description><![CDATA[An Occupy protest has sprung up in Victoria Gardens Brighton oposite the King &#38; Queen pub. A bunch of tents and some friendly people open for a  chat. They had some good slogans. "Chose love over fear" and "All money is a matter of belief".<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=4478&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

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			<media:title type="html">Occupy Brighton</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2011/11/p1100688.jpg" medium="image">
			<media:title type="html">Occupy Brighton</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2011/11/p1100690.jpg" medium="image">
			<media:title type="html">Occupy Brighton</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2011/11/hove-station2.jpg" medium="image">
			<media:title type="html">hove station</media:title>
		</media:content>
	</item>
		<item>
		<title>Alistair Darling Quacking Like A Duck</title>
		<link>http://talkingbollocks.net/2011/10/16/alistair-darling-at-the-old-market/</link>
		<comments>http://talkingbollocks.net/2011/10/16/alistair-darling-at-the-old-market/#comments</comments>
		<pubDate>Sun, 16 Oct 2011 18:29:11 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Books]]></category>
		<category><![CDATA[democracy]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[People]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[alistair darling]]></category>
		<category><![CDATA[Back From The Brink]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[book signing]]></category>
		<category><![CDATA[CIty Books]]></category>
		<category><![CDATA[Hove]]></category>
		<category><![CDATA[politician]]></category>
		<category><![CDATA[The Old Market]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=4288</guid>
		<description><![CDATA[Last Thursday evening I saw the ex-chancellor, Alistair Darling, speaking about his new book: Back From The Brink, at The Old Market in Hove. These talks are organised by City Books, a small but very active, book shop on Western Road. The room was pretty packed with a few hundred people who had all paid a [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=4288&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2011/10/alistair1.jpg" medium="image">
			<media:title type="html">Quack Quack - Alistair Darling speaking at The Old Market</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2011/10/city-books.jpg" medium="image">
			<media:title type="html">City Books</media:title>
		</media:content>
	</item>
		<item>
		<title>Banks recovery is a cheap trick</title>
		<link>http://talkingbollocks.net/2011/04/09/banks-recovery-is-a-cheap-trick/</link>
		<comments>http://talkingbollocks.net/2011/04/09/banks-recovery-is-a-cheap-trick/#comments</comments>
		<pubDate>Sat, 09 Apr 2011 10:23:45 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Bollocks]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[new labour]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[bail out]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[blame]]></category>
		<category><![CDATA[bonus]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[Jamie Dimon]]></category>
		<category><![CDATA[Joe public]]></category>
		<category><![CDATA[JP morgan]]></category>
		<category><![CDATA[putting prices up]]></category>
		<category><![CDATA[share the pain]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=3910</guid>
		<description><![CDATA[Bankers argue that they have done a brilliant job in making profits for the banks since the credit crunch and in so doing dug the banks out of the mess they were in. This disingenuous as they have achieved all this merely by the putting their prices up. Competition has dropped out of the market, base rates are ludicrously low let yet loan rates and fees are high.

So who is really paying for the banks recovery and Mr. Dimon's bonus? You are! Joe bloody public again. The same poor bastard who also paid for the banks bail out. You don't need to pay a £3m bonus for a trick like that.

Whenever criticised bankers usually reply that you have to pay the market rate or you will lose people. Well, OK, let's lose some of these people. Firstly, where can they go? Secondly, if they have so little solidarity with their fellow countrymen then bollocks to them and thirdly their past performance IS an indicator of future results so good riddance to them.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=3910&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2011/04/jamie-dimon.jpg?w=300" medium="image">
			<media:title type="html">Simple strategy: May the public pay</media:title>
		</media:content>
	</item>
		<item>
		<title>Bankers, Regulators and law makers &#8220;stumble&#8221; on a bargain</title>
		<link>http://talkingbollocks.net/2010/07/20/bankers-regulators-and-law-makers-stumble-on-a-bargain/</link>
		<comments>http://talkingbollocks.net/2010/07/20/bankers-regulators-and-law-makers-stumble-on-a-bargain/#comments</comments>
		<pubDate>Tue, 20 Jul 2010 19:00:21 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[democracy]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[600 branches]]></category>
		<category><![CDATA[bad bank]]></category>
		<category><![CDATA[Bank of England]]></category>
		<category><![CDATA[bankers]]></category>
		<category><![CDATA[chairman]]></category>
		<category><![CDATA[Charlie McCreevy]]></category>
		<category><![CDATA[DataMonitor]]></category>
		<category><![CDATA[EU commissioner]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[good bank]]></category>
		<category><![CDATA[greedy bankers]]></category>
		<category><![CDATA[House of Commons]]></category>
		<category><![CDATA[House of Lords]]></category>
		<category><![CDATA[Lloyds bank]]></category>
		<category><![CDATA[Lloyds Banking Group]]></category>
		<category><![CDATA[Lloyds insurance market]]></category>
		<category><![CDATA[Lord Levene]]></category>
		<category><![CDATA[Lord McFall]]></category>
		<category><![CDATA[lovely jubbly]]></category>
		<category><![CDATA[Neil Saunders]]></category>
		<category><![CDATA[new high street bank]]></category>
		<category><![CDATA[Northern Rock]]></category>
		<category><![CDATA[Sir David Walker]]></category>
		<category><![CDATA[Sir Fred Goodwin]]></category>
		<category><![CDATA[state rescue]]></category>
		<category><![CDATA[tax payer]]></category>
		<category><![CDATA[The Independent]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=2757</guid>
		<description><![CDATA[The article in The Independent says that “executives will be appointed after the flotation”. It seems odd to wait until after the flotation to appoint executives but perhaps the new bank will be such a money spinner that they could employ any old fool to run it. If past performance is any indicator of future results then they probably will though it is not known if Sir Fred is still available.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=2757&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2010/07/lord-levene1.jpg" medium="image">
			<media:title type="html">Lord Levene - Gets his hands on the branches </media:title>
		</media:content>
	</item>
		<item>
		<title>ignorance of asset price inflation reveals Brown&#8217;s incompetence</title>
		<link>http://talkingbollocks.net/2010/04/08/gordon-browns-ignorance-of-asset-price-inflation/</link>
		<comments>http://talkingbollocks.net/2010/04/08/gordon-browns-ignorance-of-asset-price-inflation/#comments</comments>
		<pubDate>Thu, 08 Apr 2010 20:43:51 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Bollocks]]></category>
		<category><![CDATA[democracy]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[new labour]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[abolished boom and bust]]></category>
		<category><![CDATA[Alan Greenspan]]></category>
		<category><![CDATA[american federal reserve]]></category>
		<category><![CDATA[asset price bubble]]></category>
		<category><![CDATA[asset price inflation]]></category>
		<category><![CDATA[british economy]]></category>
		<category><![CDATA[british election]]></category>
		<category><![CDATA[british prime minister]]></category>
		<category><![CDATA[Chancellor]]></category>
		<category><![CDATA[General Election]]></category>
		<category><![CDATA[Gordon Brown]]></category>
		<category><![CDATA[house price bubble]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[John Humphrys]]></category>
		<category><![CDATA[judgement and understanding]]></category>
		<category><![CDATA[property price bubble]]></category>
		<category><![CDATA[prudent stewardship]]></category>
		<category><![CDATA[RBS]]></category>
		<category><![CDATA[talking bollocks]]></category>
		<category><![CDATA[The Economist]]></category>
		<category><![CDATA[The Royal Bank of Scotland]]></category>
		<category><![CDATA[Today program]]></category>
		<category><![CDATA[uk electon]]></category>

		<guid isPermaLink="false">http://talkingbollocks.net/?p=2243</guid>
		<description><![CDATA[I suggest that Gordon Brown is like any number of technocrats who are amazingly knowledgeable about a subject but have no judgement or understanding. Mr. Brown read of the mistakes made with inflation in the past, learnt the accepted remedy and then blindly applied this remedy without once stepping back and seeing the enormous bubble in property and share prices.

Mr. Brown is like some bureaucratic ticket collector, deaf to the beseeching cries of the passengers, he insist on following rules and clipping everyone's tickets while the train careers across a cliff.

Mr. Humphrys pointed out this morning that the stock market valuation for The Royal Bank of Scotland had grown larger than the UK economy. Even with this alarm bell the size of the Mount Everest Mr. Brown did not think that there had been any indication of the impeding disaster.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=2243&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2010/04/firebrown.jpg?w=300" medium="image">
			<media:title type="html">Gordon &#34;Slopey Shoulders&#34; Brown</media:title>
		</media:content>
	</item>
		<item>
		<title>General election now! &#8211; Sign the petition</title>
		<link>http://talkingbollocks.net/2009/05/17/general-election-now/</link>
		<comments>http://talkingbollocks.net/2009/05/17/general-election-now/#comments</comments>
		<pubDate>Sun, 17 May 2009 18:14:20 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[Any Questions]]></category>
		<category><![CDATA[asset price bubble]]></category>
		<category><![CDATA[BBC]]></category>
		<category><![CDATA[betrayals by our leaders]]></category>
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		<guid isPermaLink="false">http://talkingbollocks.wordpress.com/?p=732</guid>
		<description><![CDATA[New Labour policies turned out to be the wholesale adoption of Thatcherism but, as with all converts the policies were embraced as a doctrine and without understanding or judgement. Privatisations continu,ed and New Labour became the bitch of big business.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=732&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://talkingbollocks.net/2009/05/17/general-election-now/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/b446126cd147be4100b60d4491410504?s=96&#38;d=http%3A%2F%2F1.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=PG" medium="image">
			<media:title type="html">jonesxxx</media:title>
		</media:content>

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			<media:title type="html">expenses</media:title>
		</media:content>

		<media:content url="http://www.telegraph.co.uk/telegraph/multimedia/archive/01406/2005-MATT-web_1406496a.jpg" medium="image">
			<media:title type="html">Matt - The Daily Telegraph</media:title>
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		<title>Financial Crisis &#8211; Putting it in perspective.</title>
		<link>http://talkingbollocks.net/2009/01/23/financial-crisis-putting-it-in-perspective/</link>
		<comments>http://talkingbollocks.net/2009/01/23/financial-crisis-putting-it-in-perspective/#comments</comments>
		<pubDate>Fri, 23 Jan 2009 17:22:18 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[JP morgan]]></category>
		<category><![CDATA[market cap]]></category>
		<category><![CDATA[market capitalisation]]></category>
		<category><![CDATA[market value]]></category>
		<category><![CDATA[misrepresnting data]]></category>
		<category><![CDATA[relative size of banks]]></category>

		<guid isPermaLink="false">http://talkingbollocks.wordpress.com/?p=485</guid>
		<description><![CDATA[The graphic below shows the market values of a group of banks before the credit crunch and after. Phew!<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=485&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://talkingbollocks.net/2009/01/23/financial-crisis-putting-it-in-perspective/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
		</media:content>

		<media:content url="http://talkingbollocks.files.wordpress.com/2009/01/bmc1.jpg" medium="image">
			<media:title type="html">bmc1</media:title>
		</media:content>

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			<media:title type="html">mar-cap1</media:title>
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		<item>
		<title>Sub Prime</title>
		<link>http://talkingbollocks.net/2009/01/16/sub-prime/</link>
		<comments>http://talkingbollocks.net/2009/01/16/sub-prime/#comments</comments>
		<pubDate>Fri, 16 Jan 2009 20:28:43 +0000</pubDate>
		<dc:creator>jonesxxx</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA["credit crunch"]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[mortgage mis-selling]]></category>
		<category><![CDATA[mortgage self certification]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[nija mortage]]></category>
		<category><![CDATA[sub prime]]></category>

		<guid isPermaLink="false">http://talkingbollocks.wordpress.com/?p=430</guid>
		<description><![CDATA[Below is a link to a Powerpoint presentation with as good an explanation of the current financial mess as any. sub-prime1 Tagged: "credit crunch", financial crisis, mortgage mis-selling, mortgage self certification, mortgages, nija mortage, sub prime<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=talkingbollocks.net&amp;blog=2000120&amp;post=430&amp;subd=talkingbollocks&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://talkingbollocks.net/2009/01/16/sub-prime/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">jonesxxx</media:title>
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