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<title>BankImplode.com News</title>
<link>http://bankimplode.com/</link>
<description>Tracking the many faces of the global credit bubble.  This feed includes both IEHI network news pickups and BankImplode blog commentary.  </description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_WatchdogLimitFannieFreddielegalfeesmore.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:50:29 GMT</pubDate>
		<title>Watchdog: Limit Fannie, Freddie legal fees more</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_WatchdogLimitFannieFreddielegalfeesmore.html</link>
		<description><![CDATA["The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortg...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_ChineseloansputVenezuelaoverbarrel.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:50:29 GMT</pubDate>
		<title>Chinese loans put Venezuela over barrel</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_ChineseloansputVenezuelaoverbarrel.html</link>
		<description><![CDATA["Opposition groups in Venezuela are warning that billions of dollars in Chinese loans are driving the state oil company toward b...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_DidTreasurySecGeithnerAdmittoGoalofBankruptingTheNation.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:40:24 GMT</pubDate>
		<title>Did Treasury Sec. Geithner Admit to Goal of Bankrupting The Nation?</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_DidTreasurySecGeithnerAdmittoGoalofBankruptingTheNation.html</link>
		<description><![CDATA[""In one of the great "Freudian slips" of recent memory, Treasury Secretary Tim Geithner -- a deeply unserious man, representing...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_BanksTakeItEasyWhileMiamiStrugglesAgainstForeclosures.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:40:24 GMT</pubDate>
		<title>Banks Take It Easy, While Miami Struggles Against Foreclosures</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_BanksTakeItEasyWhileMiamiStrugglesAgainstForeclosures.html</link>
		<description><![CDATA["At night, the Miami skyline didn't light up. In fact, it looked dim from all the vacant homes with no lights on. During the day...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_CitigroupDefraudedFannieFreddieWithBadLoansWhistleBlowerSays.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:30:23 GMT</pubDate>
		<title>Citigroup ‘Defrauded' Fannie, Freddie With Bad Loans, Whistle-Blower Says</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_CitigroupDefraudedFannieFreddieWithBadLoansWhistleBlowerSays.html</link>
		<description><![CDATA["Citigroup Inc. (C), which last week admitted breaking Federal Housing Administration rules and paid a fine, also violated regul...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-21_IranLTROOilCrashRFWSPodcast.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:30:23 GMT</pubDate>
		<title>Iran + LTRO + Oil = Crash | RFWS Podcast</title>
		<link>http://implode-explode.com/viewnews/2012-02-21_IranLTROOilCrashRFWSPodcast.html</link>
		<description><![CDATA[Find out why Russ Winter of Winter (Economic and Market) Watch this the market will crash within weeks, as he, ML-Implode’s Aaro...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_WellsFargoBankandPatriciaMartinPart2ABankthatCannotBeTrusted.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:20:23 GMT</pubDate>
		<title>Wells Fargo Bank and Patricia Martin Part 2 -- A Bank that Cannot Be Trusted</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_WellsFargoBankandPatriciaMartinPart2ABankthatCannotBeTrusted.html</link>
		<description><![CDATA["Okay, so here's a quick recap, in case you're coming in late, followed by an update that demonstrates very clearly why I say th...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-21_GermanydrawingupplansforGreecetoleavetheeuro.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:20:23 GMT</pubDate>
		<title>Germany drawing up plans for Greece to leave the euro</title>
		<link>http://implode-explode.com/viewnews/2012-02-21_GermanydrawingupplansforGreecetoleavetheeuro.html</link>
		<description><![CDATA[``Plans for Greece to default, potentially leaving the euro, have been drafted in Germany as the European Union begins to face u...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_GreekCrisisRaisesNewFearsOverCreditDefaultSwaps.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:10:27 GMT</pubDate>
		<title>Greek Crisis Raises New Fears Over Credit-Default Swaps</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_GreekCrisisRaisesNewFearsOverCreditDefaultSwaps.html</link>
		<description><![CDATA["The last time this financial instrument was on the global stage was in 2008, when the American International Group's credit-def...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_NewYorkCourtstoIntensifyEffortstoPreventForeclosures.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:10:27 GMT</pubDate>
		<title>New York Courts to Intensify Efforts to Prevent Foreclosures</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_NewYorkCourtstoIntensifyEffortstoPreventForeclosures.html</link>
		<description><![CDATA["New York State's courts, frustrated by delays in thousands of foreclosure cases, are planning to speed them along in a new prog...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-21_TheNorthernandWesternEuropeanHousingBubble.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:10:27 GMT</pubDate>
		<title>The Northern and Western European Housing Bubble   						 </title>
		<link>http://implode-explode.com/viewnews/2012-02-21_TheNorthernandWesternEuropeanHousingBubble.html</link>
		<description><![CDATA["Could Sweden or Finland be the scene of the next European financial crisis? It is actually far likelier than most people realiz...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-21_BailouttheFHA.html</guid>
		<pubDate>Wed, 22 Feb 2012 17:00:26 GMT</pubDate>
		<title>Bailout the FHA?</title>
		<link>http://implode-explode.com/viewnews/2012-02-21_BailouttheFHA.html</link>
		<description><![CDATA["Temporary government rescues have a way of becoming permanent. The history of the FHA (the agency was born in 1934 at the heigh...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_AsUSDebtToGDPPasses101TheGlobalDebtPonziEntersItsFinalStages.html</guid>
		<pubDate>Wed, 22 Feb 2012 16:50:25 GMT</pubDate>
		<title>As US Debt To GDP Passes 101%, The Global Debt Ponzi Enters Its Final Stages</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_AsUSDebtToGDPPasses101TheGlobalDebtPonziEntersItsFinalStages.html</link>
		<description><![CDATA[``Today, without much fanfare, US debt to GDP hit 101% with the latest issuance of $32 billion in 2 Year Bonds... , in the perio...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_UnderVolckerOldDividingLineinBanksMayReturn.html</guid>
		<pubDate>Wed, 22 Feb 2012 16:50:25 GMT</pubDate>
		<title>Under Volcker, Old Dividing Line in Banks May Return</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_UnderVolckerOldDividingLineinBanksMayReturn.html</link>
		<description><![CDATA[The Volcker Rule, and its limitations on bank trading, may have the unintended effect of dividing the world back into investment...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-21_SECWarnsTopBankerofChargesOverMagnetarDeal.html</guid>
		<pubDate>Wed, 22 Feb 2012 16:50:25 GMT</pubDate>
		<title>SEC Warns Top Banker of Charges Over Magnetar Deal</title>
		<link>http://implode-explode.com/viewnews/2012-02-21_SECWarnsTopBankerofChargesOverMagnetarDeal.html</link>
		<description><![CDATA[`According to The Wall Street Journal, the Securities and Exchange Commission has warned a top banker that it may bring civil ch...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_SomeDoubtaSettlementWillEndMortgageIlls.html</guid>
		<pubDate>Wed, 22 Feb 2012 16:40:29 GMT</pubDate>
		<title>Some Doubt a Settlement Will End Mortgage Ills</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_SomeDoubtaSettlementWillEndMortgageIlls.html</link>
		<description><![CDATA[Even as government officials prepare to unveil new standards this week for how banks treat millions of Americans facing foreclos...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-21_LiborManipulationAnotherBlackEyeforUBS.html</guid>
		<pubDate>Wed, 22 Feb 2012 16:30:24 GMT</pubDate>
		<title>Libor Manipulation: Another Black Eye for UBS</title>
		<link>http://implode-explode.com/viewnews/2012-02-21_LiborManipulationAnotherBlackEyeforUBS.html</link>
		<description><![CDATA[``The Wall Street Journal reports that UBS has admitted to Canadian regulators that between 2007 and 2010, some of its traders a...]]></description>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_FearlessPredictionOnMarch20GreeceWillDefault.html</guid>
		<pubDate>Wed, 22 Feb 2012 16:20:34 GMT</pubDate>
		<title>Fearless Prediction: On March 20, Greece Will Default</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_FearlessPredictionOnMarch20GreeceWillDefault.html</link>
		<description><![CDATA[``The key players of the Troika and the eurodrones generally just don't trust Greece anymore. The Greeks have burned through tha...]]></description>
	</item>
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		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_PimcoSaidtoQuitTradeGroupAfterForeclosureDealSilence.html</guid>
		<pubDate>Wed, 22 Feb 2012 15:30:14 GMT</pubDate>
		<title>Pimco Said to Quit Trade Group After Foreclosure-Deal Silence </title>
		<link>http://implode-explode.com/viewnews/2012-02-22_PimcoSaidtoQuitTradeGroupAfterForeclosureDealSilence.html</link>
		<description><![CDATA["Pacific Investment Management Co. is quitting the American Securitization Forum after the trade group declined to issue a state...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://implode-explode.com/viewnews/2012-02-22_WallStreetCrowdsTraderJoesforBondDeals.html</guid>
		<pubDate>Wed, 22 Feb 2012 15:20:23 GMT</pubDate>
		<title>Wall Street Crowds Trader Joe's for Bond Deals</title>
		<link>http://implode-explode.com/viewnews/2012-02-22_WallStreetCrowdsTraderJoesforBondDeals.html</link>
		<description><![CDATA["Wall Street has had difficulty competing against insurers and government-supported housing agencies since CMBS sales revived in...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2012/01/22/a-different-kind-of-bank-scandal/</guid>
		<pubDate>Mon, 23 Jan 2012 04:50:03 GMT</pubDate>
		<title>
A Different Kind Of Bank Scandal
</title>
		<link>http://bankimplode.com/blog/2012/01/22/a-different-kind-of-bank-scandal/</link>
		<description><![CDATA[ATM murders: another dirty little secret of the banking industry. And one they've actively worked to cover up.......]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2008/01/21/what-is-the-abx-index/</guid>
		<pubDate>Tue, 02 Aug 2011 21:40:04 GMT</pubDate>
		<title>
What is the ABX INDEX?
</title>
		<link>http://bankimplode.com/blog/2008/01/21/what-is-the-abx-index/</link>
		<description><![CDATA[An asset-backed securities index is a credit derivative instrument with asset-backed securities as an underlying. On January 17,...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2011/07/16/jp-morgans-off-balance-sheet/</guid>
		<pubDate>Sun, 17 Jul 2011 18:20:04 GMT</pubDate>
		<title>
JP Morgan’s off-Balance Sheet
</title>
		<link>http://bankimplode.com/blog/2011/07/16/jp-morgans-off-balance-sheet/</link>
		<description><![CDATA[The bank lowered its loss provisions by two-thirds... That little rebalancing freed up $1.55 billion to settle gently to the bot...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2009/03/25/penision-implosion/</guid>
		<pubDate>Thu, 02 Jun 2011 19:20:03 GMT</pubDate>
		<title>
Penision Implosion
</title>
		<link>http://bankimplode.com/blog/2009/03/25/penision-implosion/</link>
		<description><![CDATA[First the housing market took a dive. Then the stock market imploded. Now the blast of the bursting credit bubble is taking jobs...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2011/05/26/dealflow-fraud-allegations-erupt-for-fdic-shuttered-usa-bank-of-greenwich-ct/</guid>
		<pubDate>Thu, 26 May 2011 23:30:03 GMT</pubDate>
		<title>
DealFlow: Fraud Allegations Erupt for FDIC-Shuttered USA Bank of Greenwich, CT
</title>
		<link>http://bankimplode.com/blog/2011/05/26/dealflow-fraud-allegations-erupt-for-fdic-shuttered-usa-bank-of-greenwich-ct/</link>
		<description><![CDATA[Here at BankImplode we are running an "enhanced" pickup of a DealFlow piece reported by Teri Buhl in the May 24th, 2011 Distress...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2011/05/19/the-monstrous-house-of-morgan/</guid>
		<pubDate>Fri, 20 May 2011 15:40:03 GMT</pubDate>
		<title>
The Monstrous House of Morgan
</title>
		<link>http://bankimplode.com/blog/2011/05/19/the-monstrous-house-of-morgan/</link>
		<description><![CDATA[Before the credit bubble exploded in the summer of 2007 JP Morgan was considered on the Street to be something less than the bea...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2011/02/20/feeding-on-you/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Feeding On You
</title>
		<link>http://bankimplode.com/blog/2011/02/20/feeding-on-you/</link>
		<description><![CDATA[Nothing better illustrates the snake eating its tail that has become the American economy better than the news that the nice boy...]]></description>
	</item>
	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2010/10/28/is-it-time-to-give-wall-street-a-sopranos-style-intervention/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Is It Time To Give Wall Street A Sopranos Style Intervention?
</title>
		<link>http://bankimplode.com/blog/2010/10/28/is-it-time-to-give-wall-street-a-sopranos-style-intervention/</link>
		<description><![CDATA[Steve Dibert, MFI-Miami The other morning while I was eating my eggs and venison hash, I was watching reruns of The Sopranos on ...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2010/10/18/florida-homeowners-are-losing-the-fight-but-it%E2%80%99s-not-because-of-the-banks/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Florida Homeowners Are Losing The Fight But It’s Not Because Of The Banks
</title>
		<link>http://bankimplode.com/blog/2010/10/18/florida-homeowners-are-losing-the-fight-but-it%E2%80%99s-not-because-of-the-banks/</link>
		<description><![CDATA[Steve Dibert, MFI-Miami Since starting MFI-Miami over two years ago, I’ve seen a lot of craziness in regards to foreclosure resc...]]></description>
	</item>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/09/27/cancer-victim-sues-bofa-over-illegal-foreclosure/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Michigan Cancer Victim Sues BofA Over Illegal Foreclosure
</title>
		<link>http://bankimplode.com/blog/2010/09/27/cancer-victim-sues-bofa-over-illegal-foreclosure/</link>
		<description><![CDATA[From Steve Dibert, MFI-Miami Several months back I wrote an article about Lynne Lucas, a client of MFI-Miami who had been put th...]]></description>
	</item>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2008/01/21/level-3-assets/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Level 3 Assets
</title>
		<link>http://bankimplode.com/blog/2008/01/21/level-3-assets/</link>
		<description><![CDATA[EFFECTIVE November 15, 2007, FAS 157 & FAS 159 must be implemented! GET READY FOR NEXT CRISIS! Ed note, spring 2010: 2nd phase o...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/09/03/can-deflation-catch-a-falling-dollar/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Can “Deflation” Catch a Falling Dollar?
</title>
		<link>http://bankimplode.com/blog/2010/09/03/can-deflation-catch-a-falling-dollar/</link>
		<description><![CDATA[“Inflation is always and everywhere a monetary event,” so sayeth Milton Friedman. Following this intellectual tradition, recentl...]]></description>
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	<item>
		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/28/foreclosure-defense-101-lesson-3-don%E2%80%99t-argue-the-legitimacy-of-robo-notaries/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Foreclosure Defense 101 Lesson 3: Don’t Argue the Legitimacy of Robo-Notaries
</title>
		<link>http://bankimplode.com/blog/2010/07/28/foreclosure-defense-101-lesson-3-don%E2%80%99t-argue-the-legitimacy-of-robo-notaries/</link>
		<description><![CDATA[What are Robo-Notaries? Robo-Notaries are usually local title agencies getting paid by Depositors and Trustees to act on their b...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/26/2010-bank-failures-exceed-100-17b-in-fdic-cost/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
2010 Bank Failures Exceed 100, $17.2B in FDIC Cost
</title>
		<link>http://bankimplode.com/blog/2010/07/26/2010-bank-failures-exceed-100-17b-in-fdic-cost/</link>
		<description><![CDATA[The ink was barely dry on our last post with the full tally, when another 7 bit the dust, pushing the total expected FDIC expens...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/22/2010-bank-failures-add-up-to-nearly-17b-fdic-hit/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
2010 Bank Failures Add Up To Nearly $17B FDIC Hit
</title>
		<link>http://bankimplode.com/blog/2010/07/22/2010-bank-failures-add-up-to-nearly-17b-fdic-hit/</link>
		<description><![CDATA[Boy, it really starts to add up, doesn't it? This makes quick work of almost half of the FDIC's $40B pre-payment trick. What nex...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/07/21/is-bank-of-america-hiding-an-insolvency-problem-from-the-public/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
Is Bank of America Hiding an Insolvency Problem From The Public?
</title>
		<link>http://bankimplode.com/blog/2010/07/21/is-bank-of-america-hiding-an-insolvency-problem-from-the-public/</link>
		<description><![CDATA[Steve Dibert, MFI-Miami The cool thing about owning a company like MFI-Miami is that I get to chat on and off the record with a ...]]></description>
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		<guid isPermaLink="true">http://bankimplode.com/blog/2010/06/29/bofa-fannie-mae-illegally-foreclose-on-michigan-cancer-victim/</guid>
		<pubDate>Tue, 12 Apr 2011 19:52:10 GMT</pubDate>
		<title>
BofA and Fannie Mae Illegally Foreclose on Michigan Cancer Victim
</title>
		<link>http://bankimplode.com/blog/2010/06/29/bofa-fannie-mae-illegally-foreclose-on-michigan-cancer-victim/</link>
		<description><![CDATA[Steve Dibert MFI-Miami I don’t usually blog about pending investigations involving my clients because it could jeopardize any po...]]></description>
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