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	<title><![CDATA[rortybomb Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/rortybomb.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to rortybomb]]></description>
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		<title><![CDATA[Why Did Housing Go into a Bubble?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F176743-why-did-housing-go-into-a-bubble%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Why did we have a housing bubble in the 00s?   Why not Tulips or something else?   Kevin Drum: by Rortybomb]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 06 Dec 2009 04:29:35 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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	<item>
		<title><![CDATA[How Banks Actually Make More from Bad Credit]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F176034-how-banks-actually-make-more-from-bad-credit%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Here&#8217;s an interesting story at Consumerist about Jackie Ramos, a Bank of America BAC employee in the collections department, who was fired for giving too many people fix pay programs, and recorded a youtube video on it Consumerist has a transcript.   Fix Pay is an...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 01 Dec 2009 09:09:05 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
		<category domain="http://resources.bnet.com/topic/bank+of+america+corp..html"><![CDATA[Bank of America Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">BAC</category>
		<category domain="tickers">BAC</category>
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		<title><![CDATA[Liquidity, The OTC Market and TBTF Banks]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F174197-liquidity-the-otc-market-and-tbtf-banks%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  I&#8217;ve been thinking a lot about what kinds of benefits we enjoy from having large banks.  Economics of Contempt has a post arguing that the benefit comes from big banks being able to keep big books, and thus increase liquidity:   You need a very...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 19 Nov 2009 12:01:07 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Goldman: Junior Tranches First in Line]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F173860-goldman-junior-tranches-first-in-line%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  It&#8217;s not just random Americans getting hit with gotcha fees and term changes that could use a &#8220;vanilla contract&#8221;, check out this amazing story:   Goldman Sachs Group Inc. paid off at face value some junior-ranking slices of two collateralized debt obligations at the potential expense...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 17 Nov 2009 11:17:47 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
		<category domain="http://resources.bnet.com/topic/goldman+sachs+group+inc..html"><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GS</category>
		<category domain="tickers">GS</category>
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		<title><![CDATA[More Thoughts on Dodd's Financial Reform Plan]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F173120-more-thoughts-on-dodd-s-financial-reform-plan%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Some excellent additional thoughts on the Dodd plan from Felix Salmon, Kevin Drum, and Ezra Klein.   Also &#8211; Daniel Indiviglio has been taking apart the bill piece by piece in several blog entries;  he did a similar eight part series on the Frank bill...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 12 Nov 2009 10:25:32 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Regulation and Breaking Up the Biggest Banks Likely Biggest Issues of 2010]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F170310-regulation-and-breaking-up-the-biggest-banks-likely-biggest-issues-of-2010%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  So we&#8217;ve spent a fair amount of time on the Consumer Financial Protection Agency CFPA; I need to move over and start blogging about all the other parts of the financial reform which I should have been doing all along. A lot of this battle is still...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 01 Nov 2009 12:25:32 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[John Pattow on the CFPA and Small Banks]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F161247-john-pattow-on-the-cfpa-and-small-banks%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  University of Michigan Law Professor John Pattow, who specializes in Bankruptcy and Commercial Law, talks about the effects of a Consumer Financial Protection Agency CFPA on small banks:   Leaving aside the irony of the ABA&#8217;s new-found populism, the real objection to this argument is that...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 13 Sep 2009 01:26:13 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Extend and Pretend and Recovery Risk]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F158494-extend-and-pretend-and-recovery-risk%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:    Rolfe Winkler writes:   Banks argue that loans should not be marked down if they&#8217;re still &#8220;performing.&#8221; As long as borrowers are meeting their contractual obligations, there&#8217;s no reason to take a writedown&#8230;This is how we become Japan. Emergency bailout facilities allow banks that...]]></description>
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		<pubDate>Wed, 26 Aug 2009 11:33:57 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Rising Foreclosures: The Numbers and the Reality]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F157586-rising-foreclosures-the-numbers-and-the-reality%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Two more points about foreclosures:   MBA Economists estimates are that the foreclosure crisis will a spread to the much larger and much more previously secure prime market so not just subprime and b foreclosure rates will peak sometime in late 2010. by Rortybomb]]></description>
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		<pubDate>Fri, 21 Aug 2009 10:01:57 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Credit Card Overcharge Fees: RIP?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F155699-credit-card-overcharge-fees-rip%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  From The New York Times:   The noxious penalty imposed on American Express and Discover consumers who exceeded their spending limit has finally died, quashed by legislation signed in May by President Obama to ease onerous fees for cardholders. In recent days, American Express customers began...]]></description>
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		<pubDate>Wed, 12 Aug 2009 08:38:07 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
		<category domain="http://resources.bnet.com/topic/american+express+co..html"><![CDATA[American Express Co.]]></category>
		<category domain="http://resources.bnet.com/topic/discover+financial+services.html"><![CDATA[Discover Financial Services]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">AXP</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">DFS</category>
		<category domain="tickers">AXP,DFS</category>
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		<title><![CDATA[Banks and Rational Betting]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F152067-banks-and-rational-betting%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Peter Wallison responds to the defense of the Consumer Financial Protection Agency by Elizabeth Warren over at the BaselineScenario.  Here is Wallison:   The irony here is that Warren is not herself perceptive enough to understand what the consumers who took the subprime mortgages actually...]]></description>
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		<pubDate>Wed, 29 Jul 2009 03:11:55 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[On Financial Engineering and Financial Innovation]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F150323-on-financial-engineering-and-financial-innovation%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Robert Shiller in The New York Times:   The subprime mortgage is an example of a recent invention that offered benefits and risks. These mortgages permitted people with bad credit histories to buy homes, without relying on guaranties from government agencies like the Federal Housing Administration....]]></description>
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		<pubDate>Tue, 21 Jul 2009 11:04:20 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Catching Up on Goldman Sachs and CIT]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F149587-catching-up-on-goldman-sachs-and-cit%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Everyone talked about this already, so I&#8217;m late to the party.   Goldman   I want to make sure that anyone who missed it before catches it now:  Matt Taibbi on Goldman&#8217;s profits. I&#8217;ve had a rough draft of an essay trying to walk...]]></description>
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		<pubDate>Sat, 18 Jul 2009 11:49:37 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
		<category domain="http://resources.bnet.com/topic/cit+group.html"><![CDATA[CIT Group]]></category>
		<category domain="http://resources.bnet.com/topic/goldman+sachs+group+inc..html"><![CDATA[Goldman Sachs Group Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">CIT</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">GS</category>
		<category domain="tickers">CIT,GS</category>
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		<title><![CDATA[American Enterprise Institute and Consumer Financial Protection]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F148844-american-enterprise-institute-and-consumer-financial-protection%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  So Peter Wallison of the American Enterprise Institute AEI has an opinion piece, Elitist Protection Consumers Don&#8217;t Need, in the Washington Post, arguing against the Consumer Financial Protection Agency (h/t Nick Schulz).  Mark Thoma and Richard Green give it a critical look;  I&#8217;ll add my...]]></description>
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		<pubDate>Wed, 15 Jul 2009 01:32:31 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Wal-Mart and Offering Employees 'Strategic' Healthcare]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F146803-wal-mart-and-offering-employees-strategic-healthcare%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Wal-Mart came out in favor of an &#8220;employer mandate&#8221; approach to health insurance, in which employers are forced to purchase health care for their employees. Now I&#8217;m more of a public option kind of guy. I didn&#8217;t vote for Obama so Wal-Mart WMT lawyers could go ahead...]]></description>
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		<pubDate>Thu, 02 Jul 2009 12:33:18 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/retail.html"><![CDATA[Retail]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
		<category domain="http://resources.bnet.com/topic/target+corp..html"><![CDATA[Target Corp.]]></category>
		<category domain="http://resources.bnet.com/topic/wal-mart+stores+inc..html"><![CDATA[Wal-Mart Stores Inc.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">TGT</category>
		<category domain="http://rss.financialcontent.com/stocksymbol">WMT</category>
		<category domain="tickers">TGT,WMT</category>
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		<title><![CDATA[What Were Subprime Loans Modeled On?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F145946-what-were-subprime-loans-modeled-on%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Even after the CJR demolished it, John Cagney lays out his full theory on how the CRA caused so many subprime loans here. I think this is an important point to clarify, as it&#8217;s going to float out there in the popular consciousness. It&#8217;s a good question...]]></description>
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		<pubDate>Mon, 29 Jun 2009 05:42:35 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Reverse Convertibles vs. Consumer Protection]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F144050-reverse-convertibles-vs-consumer-protection%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Since we&#8217;ve already run new stress tests out of this webpage, I&#8217;m going to go ahead and run the Consumer Protection Agency out of the Rortybomb Blog while President Obama and team continue to get the legislation worked out. (If I keep doing Elizabeth Warren&#8217;s homework for...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 18 Jun 2009 10:44:58 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
		<category domain="http://resources.bnet.com/topic/morgan+stanley.html"><![CDATA[Morgan Stanley]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">MS</category>
		<category domain="tickers">MS</category>
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		<title><![CDATA[Regulation Week: What Do Consumers Need Protection From?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F143720-regulation-week-what-do-consumers-need-protection-from%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:    Sigh.  So much for a Justice League of financial regulators.  It looks far more like the Articles Of Confederation.  Felix Salmon has the scoop: &#8221; FOSC = NBS + FDIC + NCUA + SEC + CFTC + FHFA + FOMC + CFPA...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Wed, 17 Jun 2009 05:48:40 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Regulation Week: Is Regulation a Good Thing for Investors?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F143484-regulation-week-is-regulation-a-good-thing-for-investors%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  So this week we see the new financial regulation dropping, so I&#8217;ll be dedicating the next couple of blog posts to that very subject. We are going to do some heavy lifting together, so let&#8217;s start out with a warm-up exercise. Some regulatory stretching for our minds....]]></description>
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		<pubDate>Tue, 16 Jun 2009 06:10:42 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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		<title><![CDATA[Regulation Week: What Causes a Financial Crisis?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F143481-regulation-week-what-causes-a-financial-crisis%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[http://rortybomb.wordpress.com submits:  Two comments I want to follow up on from last week&#8217;s DIY Stress Test fun.   One is from qrst over at seekingalpha:   [Me:] &#8220;If BoA needs another $75bn, that will have to come from the government.&#8221; by Rortybomb]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 16 Jun 2009 06:04:20 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/rortybomb.html"><![CDATA[Rortybomb]]></category>
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