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	<title>The Reality-Based Community &#187; Garbage pail</title>
	<atom:link href="http://www.samefacts.com/category/garbage-pail/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.samefacts.com</link>
	<description>Everyone is entitled to his own opinion, but not his own facts.</description>
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		<item>
		<title>You want a Ponzi scheme?  I&#8217;LL Show You a Ponzi Scheme.</title>
		<link>http://www.samefacts.com/2011/08/financial-crises/you-want-a-ponzi-scheme-ill-show-you-a-ponzi-scheme/</link>
		<comments>http://www.samefacts.com/2011/08/financial-crises/you-want-a-ponzi-scheme-ill-show-you-a-ponzi-scheme/#comments</comments>
		<pubDate>Wed, 31 Aug 2011 22:15:26 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Financial crises]]></category>
		<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Republican Party]]></category>
		<category><![CDATA[Rick Perry]]></category>

		<guid isPermaLink="false">http://www.samefacts.com/?p=22821</guid>
		<description><![CDATA[If Mark has his way, Rick Perry&#8217;s assertions that Social Security isÂ a Ponzi scheme will not get thrown down the memory hole.Â  Unfortunately, our last Ponzi scheme is already hurtling downward. If you think about it, a large part of American (and global) prosperity rests on a real Ponzi scheme: the financial system.Â  I&#8217;m actually [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2011/08/financial-crises/you-want-a-ponzi-scheme-ill-show-you-a-ponzi-scheme/feed/</wfw:commentRss>
		<slash:comments>22</slash:comments>
		</item>
		<item>
		<title>The Treasury Department: A Wholly-Owned Subsidiary of Bank of America</title>
		<link>http://www.samefacts.com/2009/11/corruption-in-washington/the-treasury-department-a-wholly-owned-subsidiary-of-bank-of-america/</link>
		<comments>http://www.samefacts.com/2009/11/corruption-in-washington/the-treasury-department-a-wholly-owned-subsidiary-of-bank-of-america/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 23:37:19 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Commerce and its discontents]]></category>
		<category><![CDATA[Corruption in Washington]]></category>
		<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://www.samefacts.com/?p=9407</guid>
		<description><![CDATA[If it's good enough for B of A and Chase, then it is good enough for the Treasury Department.  No questions asked.]]></description>
		<wfw:commentRss>http://www.samefacts.com/2009/11/corruption-in-washington/the-treasury-department-a-wholly-owned-subsidiary-of-bank-of-america/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Sexism and the Financial Crisis</title>
		<link>http://www.samefacts.com/2009/06/feminism/sexism-and-the-financial-crisis/</link>
		<comments>http://www.samefacts.com/2009/06/feminism/sexism-and-the-financial-crisis/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 04:19:59 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Feminism]]></category>
		<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2009/06/uncategorized/sexism-and-the-financial-crisis/</guid>
		<description><![CDATA[Larry Summers and Tim Geithner seem to have a problem with highly qualified women who disagree with them.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2009/06/feminism/sexism-and-the-financial-crisis/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Take the Money and Run</title>
		<link>http://www.samefacts.com/2009/04/corruption-in-washington/take-the-money-and-run/</link>
		<comments>http://www.samefacts.com/2009/04/corruption-in-washington/take-the-money-and-run/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 03:26:58 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Corruption in Washington]]></category>
		<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2009/04/uncategorized/take-the-money-and-run/</guid>
		<description><![CDATA[It's quite nice to be a big bank: you can take taxpayer money and have no accountability.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2009/04/corruption-in-washington/take-the-money-and-run/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Some Questions About Your Speech, Mr. President</title>
		<link>http://www.samefacts.com/2009/04/politics-and-leadership/some-questions-about-your-speech-mr-president/</link>
		<comments>http://www.samefacts.com/2009/04/politics-and-leadership/some-questions-about-your-speech-mr-president/#comments</comments>
		<pubDate>Wed, 15 Apr 2009 19:15:48 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Politics and Leadership]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2009/04/uncategorized/some-questions-about-your-speech-mr-president/</guid>
		<description><![CDATA[For all of the President's explaining, the key questions about Treasury policies remain unanswered.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2009/04/politics-and-leadership/some-questions-about-your-speech-mr-president/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The bishop and the banker</title>
		<link>http://www.samefacts.com/2008/12/garbage-pail/the-bishop-and-the-banker/</link>
		<comments>http://www.samefacts.com/2008/12/garbage-pail/the-bishop-and-the-banker/#comments</comments>
		<pubDate>Tue, 30 Dec 2008 04:09:33 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/12/uncategorized/the-bishop-and-the-banker/</guid>
		<description><![CDATA[Bishop Huber has no professional competence to discuss economics, but he does seem to have a point about Deutsche Bank:  is there really a safe and honest way to earn 25% on invested capital in a competitive industry?
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/12/garbage-pail/the-bishop-and-the-banker/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Incentive management and the Madoff affair</title>
		<link>http://www.samefacts.com/2008/12/garbage-pail/incentive-management-and-the-madoff-affair/</link>
		<comments>http://www.samefacts.com/2008/12/garbage-pail/incentive-management-and-the-madoff-affair/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 02:01:15 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/12/uncategorized/incentive-management-and-the-madoff-affair/</guid>
		<description><![CDATA[We know there was an incentive-management problem:  the odor of fish was detectable, and in fact detected, but no one had a strong motive for raising a fuss.
What we don't know is where the money went.  It ought to be HARD to lose $50b.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/12/garbage-pail/incentive-management-and-the-madoff-affair/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Leverage</title>
		<link>http://www.samefacts.com/2008/12/garbage-pail/leverage-2/</link>
		<comments>http://www.samefacts.com/2008/12/garbage-pail/leverage-2/#comments</comments>
		<pubDate>Fri, 12 Dec 2008 13:23:29 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/12/uncategorized/leverage-2/</guid>
		<description><![CDATA[The auto bailout bill could have cost the taxpayers as much as $14 billion.
Failing to pass it cost U.S. stockholders about $300 billion.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/12/garbage-pail/leverage-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A $50 billion Ponzi scheme?</title>
		<link>http://www.samefacts.com/2008/12/garbage-pail/a-50-billion-ponzi-scheme/</link>
		<comments>http://www.samefacts.com/2008/12/garbage-pail/a-50-billion-ponzi-scheme/#comments</comments>
		<pubDate>Fri, 12 Dec 2008 06:15:19 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/12/uncategorized/a-50-billion-ponzi-scheme/</guid>
		<description><![CDATA[So it appears.  We may be in the process of measuring a macroeconomic variable once proposed by J.K. Galbraith:  the "bezzle."
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/12/garbage-pail/a-50-billion-ponzi-scheme/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Brilliant!</title>
		<link>http://www.samefacts.com/2008/12/garbage-pail/brilliant-2/</link>
		<comments>http://www.samefacts.com/2008/12/garbage-pail/brilliant-2/#comments</comments>
		<pubDate>Thu, 04 Dec 2008 05:08:42 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/12/uncategorized/brilliant-2/</guid>
		<description><![CDATA[Hank Paulson has decided that the answer to the crisis caused by the collapse of the housing bubble is to re-inflate the bubble.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/12/garbage-pail/brilliant-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Deep Thought: Lame Duck Edition</title>
		<link>http://www.samefacts.com/2008/11/politics-and-leadership/deep-thought-lame-duck-edition/</link>
		<comments>http://www.samefacts.com/2008/11/politics-and-leadership/deep-thought-lame-duck-edition/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 04:57:52 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Financial crises]]></category>
		<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Law Notes]]></category>
		<category><![CDATA[Politics and Leadership]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/11/uncategorized/deep-thought-lame-duck-edition/</guid>
		<description><![CDATA[It could be worse. Thank heaven for the Twentieth Amendment.]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/11/politics-and-leadership/deep-thought-lame-duck-edition/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The British plan</title>
		<link>http://www.samefacts.com/2008/10/garbage-pail/the-british-plan/</link>
		<comments>http://www.samefacts.com/2008/10/garbage-pail/the-british-plan/#comments</comments>
		<pubDate>Mon, 13 Oct 2008 05:07:39 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/10/uncategorized/the-british-plan/</guid>
		<description><![CDATA[&#8230; as best I can make it out: 1. Buy equity in banks. 2. Guarantee interbank loans, for a fee. 3. Demand board seats. 4. Limit executive compensation. The government reps on the boards can help limit the moral hazard problem that would otherwise arise from guaranteeing the debt of insolvent banks: their managers have [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/10/garbage-pail/the-british-plan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Equity, not just assets</title>
		<link>http://www.samefacts.com/2008/10/garbage-pail/equity-not-just-assets/</link>
		<comments>http://www.samefacts.com/2008/10/garbage-pail/equity-not-just-assets/#comments</comments>
		<pubDate>Fri, 10 Oct 2008 23:45:24 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/10/uncategorized/equity-not-just-assets/</guid>
		<description><![CDATA[Paulson moves to recapitalize banks. Non-voting equity purchases by the government, complementary to new private capital. And the Europeans, having had their fill of yukking it up about the stupid Yankees and our financial crisis, are now on board. Maybe Iceland&#8217;s bankruptcy concentrated some minds. It&#8217;s an ill wind &#8230; Oil closed below $80. A [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/10/garbage-pail/equity-not-just-assets/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lemonade</title>
		<link>http://www.samefacts.com/2008/10/politics-and-leadership/lemonade/</link>
		<comments>http://www.samefacts.com/2008/10/politics-and-leadership/lemonade/#comments</comments>
		<pubDate>Mon, 06 Oct 2008 20:14:08 +0000</pubDate>
		<dc:creator>Michael O'Hare</dc:creator>
				<category><![CDATA[Built Environment]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Good news]]></category>
		<category><![CDATA[Macroeconomic Policy]]></category>
		<category><![CDATA[Politics and Leadership]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/10/uncategorized/lemonade/</guid>
		<description><![CDATA[This is written as the Dow is sinking almost 7% through about 9600, after a similar day on foreign markets. The judgment of investors isn&#8217;t the rousing endorsement of the bailout some had hoped for. And Floyd Norris passes on the following CNN poll result: As you may know, the U.S. went through a depression [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/10/politics-and-leadership/lemonade/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Darth Vader&#8217;s Fingerprints on the Garbage Pail</title>
		<link>http://www.samefacts.com/2008/10/garbage-pail/darth-vaders-fingerprints-on-the-garbage-pail/</link>
		<comments>http://www.samefacts.com/2008/10/garbage-pail/darth-vaders-fingerprints-on-the-garbage-pail/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 21:11:16 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/10/uncategorized/darth-vaders-fingerprints-on-the-garbage-pail/</guid>
		<description><![CDATA[The LA Times has an interesting piece today on Paulson&#8217;s botched sales job on the bailout/rescue package. (h/t Yglesias). Clearly, the White House&#8217;s strategy here was tin-eared. Not only did it not reach out to interest groups and Congress, but it wrote a plan that just gave the Executive untrammeled and unreviewable authority to play [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/10/garbage-pail/darth-vaders-fingerprints-on-the-garbage-pail/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Decouple Fannie and Freddie?</title>
		<link>http://www.samefacts.com/2008/10/garbage-pail/decouple-fannie-and-freddie/</link>
		<comments>http://www.samefacts.com/2008/10/garbage-pail/decouple-fannie-and-freddie/#comments</comments>
		<pubDate>Wed, 01 Oct 2008 21:01:21 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/10/uncategorized/decouple-fannie-and-freddie/</guid>
		<description><![CDATA[Most people seem to agree that the old Freddie/Fannie structure was the worst of all possible worlds: no government control, but an implicit government guarantee. Where they disagree is where we move from here. Not surprisingly, progressives say that we should return them to their earlier structure, when they were government entities (as they are [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/10/garbage-pail/decouple-fannie-and-freddie/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mean Old Nancy, Part II</title>
		<link>http://www.samefacts.com/2008/09/watching-conservatives/mean-old-nancy-part-ii/</link>
		<comments>http://www.samefacts.com/2008/09/watching-conservatives/mean-old-nancy-part-ii/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 04:13:15 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Watching Conservatives]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/mean-old-nancy-part-ii/</guid>
		<description><![CDATA[Stopped-clock Department: a sharp-eyed reader points me to Jonathan Weisman of the Washington Post, who, after reporting House Republicans&#8217; frantic search for smelling salts in regard to Nancy Pelosi&#8217;s speech, notes: In truth, few Republicans were on the floor to hear that speech, and those who were there showed no signs of discomfort, as they [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/watching-conservatives/mean-old-nancy-part-ii/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lame Duck</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/lame-duck/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/lame-duck/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 03:56:14 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/lame-duck/</guid>
		<description><![CDATA[I think that this qualifies: Yesterday, Bush called nearly every member of Texas&#8217;s Republican delegation, GOP aides said. He reached four of the 19. Four out of 19? Fifteen either didn&#8217;t take the call or refused to call back? Wow. I think it&#8217;s safe to say that the days of &#8220;shock and awe&#8221; are over.]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/lame-duck/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Mean Old Nancy</title>
		<link>http://www.samefacts.com/2008/09/watching-conservatives/mean-old-nancy/</link>
		<comments>http://www.samefacts.com/2008/09/watching-conservatives/mean-old-nancy/#comments</comments>
		<pubDate>Tue, 30 Sep 2008 00:29:02 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Watching Conservatives]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/mean-old-nancy/</guid>
		<description><![CDATA[Take a listen to Nancy Pelosi&#8217;s speech&#8211;yes, that one, the one that the tough guys from the GOP are now saying made them reach for their scented handkerchiefs. The idea that this was an over-the-top partisan speech are just absurd, and say something very interesting about the House Republicans. More specifically: 1) Not once did [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/watching-conservatives/mean-old-nancy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Magnitudes</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/magnitudes/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/magnitudes/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 22:46:31 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/magnitudes/</guid>
		<description><![CDATA[The result of not passing a $700 billion bailout bill was a drop of $1.3 trillion in stock market value.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/magnitudes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>More Silver Linings</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/more-silver-linings/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/more-silver-linings/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 22:08:46 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/more-silver-linings/</guid>
		<description><![CDATA[The Dow&#8217;s record drop today changes the political dynamics of the garbage pail bill quite a bit, it seems to me. As several observers mentioned, you don&#8217;t get credit for taking an unpopular move that avoids a crisis. But given the collapse of the stock market, people will check their 401(k)s and see big losses. [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/more-silver-linings/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Lucy snatches the football again</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/lucy-snatches-the-football-again/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/lucy-snatches-the-football-again/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 18:08:11 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/lucy-snatches-the-football-again/</guid>
		<description><![CDATA[Looks as if the bailout is going to fail to pass the House because the Republican leadership won't or can't deliver even half of their members' votes.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/lucy-snatches-the-football-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>But what went wrong?</title>
		<link>http://www.samefacts.com/2008/09/economics/but-what-went-wrong/</link>
		<comments>http://www.samefacts.com/2008/09/economics/but-what-went-wrong/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 14:31:32 +0000</pubDate>
		<dc:creator>James Wimberley</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Financial crises]]></category>
		<category><![CDATA[Garbage pail]]></category>
		<category><![CDATA[Policy Analysis]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/but-what-went-wrong/</guid>
		<description><![CDATA[The bailout bill provides next to nothing to understand the causes.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/economics/but-what-went-wrong/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Silver Lining in the Bailout Bill</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/silver-lining-in-the-bailout-bill/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/silver-lining-in-the-bailout-bill/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 05:06:58 +0000</pubDate>
		<dc:creator>Jonathan Zasloff</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/silver-lining-in-the-bailout-bill/</guid>
		<description><![CDATA[I was quite concerned a few days ago about what I suspected were fake tranches in the bailout bill: even though theoretically Congress could block the second $350 billion of the bill via a joint resolution, I argued that the Republicans would filibuster it if they thought that that could straitjacket an Obama Administration&#8217;s budget [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/silver-lining-in-the-bailout-bill/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Reid hammers McCain</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/reid-hammers-mccain/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/reid-hammers-mccain/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 03:42:04 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/reid-hammers-mccain/</guid>
		<description><![CDATA[I&#8217;d missed this, but it seems that Harry Reid decided to land on John McCain on Friday: A few days ago, I called on Sen. McCain to take a stand — let us know where he stands on the issue — in this bailout, But all he has done is stand in front of the [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/reid-hammers-mccain/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bailout looking dicey?</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/bailout-looking-dicey/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/bailout-looking-dicey/#comments</comments>
		<pubDate>Mon, 29 Sep 2008 03:13:06 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/bailout-looking-dicey/</guid>
		<description><![CDATA[The Intrade contract on having a bill through Congress by midnight Tuesday was trading at 65% at 5pm Eastern.   It's now under 20%.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/bailout-looking-dicey/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Pretty damned bad</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/pretty-damned-bad/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/pretty-damned-bad/#comments</comments>
		<pubDate>Sun, 28 Sep 2008 08:15:01 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/pretty-damned-bad/</guid>
		<description><![CDATA[My first reading, based on WaPo reporting. A little bit of good news: * Some sort of warrant mechanism to try to prevent a pure giveaway. * Some sort of relief for homeowners who are under water on their mortgages. That&#8217;s about it. Nothing even vaguely New-Dealish. On the downside: * No real oversight. The [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Commissions,  bonuses, and the Battle of Blenheim</title>
		<link>http://www.samefacts.com/2008/09/economics/commissions-bonuses-and-the-battle-of-blenheim/</link>
		<comments>http://www.samefacts.com/2008/09/economics/commissions-bonuses-and-the-battle-of-blenheim/#comments</comments>
		<pubDate>Sun, 28 Sep 2008 04:33:27 +0000</pubDate>
		<dc:creator>Michael O'Hare</dc:creator>
				<category><![CDATA[Commerce and its discontents]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Financial crises]]></category>
		<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/commissions-bonuses-and-the-battle-of-blenheim/</guid>
		<description><![CDATA[This post contains insights not of my own devising, but I haven&#8217;t seen enough fuss made about the malign incentives of investment banking and mortgage lending, nor heard a story about what all this creative financing would have done for us if it had worked. First, the way these worked as Wile E. Coyote headed [...]]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/economics/commissions-bonuses-and-the-battle-of-blenheim/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Time to end this.</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/time-to-end-this/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/time-to-end-this/#comments</comments>
		<pubDate>Sun, 28 Sep 2008 02:36:41 +0000</pubDate>
		<dc:creator>Andrew Sabl</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/time-to-end-this/</guid>
		<description><![CDATA[Enough Whigs.  Time for the Keynesians.
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/time-to-end-this/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Extortion racket</title>
		<link>http://www.samefacts.com/2008/09/garbage-pail/extortion-racket/</link>
		<comments>http://www.samefacts.com/2008/09/garbage-pail/extortion-racket/#comments</comments>
		<pubDate>Sat, 27 Sep 2008 22:21:47 +0000</pubDate>
		<dc:creator>Mark Kleiman</dc:creator>
				<category><![CDATA[Garbage pail]]></category>

		<guid isPermaLink="false">http://samefacts.dreamhosters.com/2008/09/uncategorized/extortion-racket/</guid>
		<description><![CDATA[McCain to the country:  "Nice little economy you've got there.  Shame if anything happened to it."
]]></description>
		<wfw:commentRss>http://www.samefacts.com/2008/09/garbage-pail/extortion-racket/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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