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	<title>Wall Street Pit</title>
	
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	<pubDate>Fri, 10 Jul 2009 01:18:51 +0000</pubDate>
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		<title>What is Plan C and How Will They Solve the CRE Conundrum</title>
		<link>http://wallstreetpit.com/8083-what-is-plan-c-and-how-will-they-solve-the-cre-conundrum</link>
		<comments>http://wallstreetpit.com/8083-what-is-plan-c-and-how-will-they-solve-the-cre-conundrum#comments</comments>
		<pubDate>Fri, 10 Jul 2009 00:14:10 +0000</pubDate>
		<dc:creator>Tom Lindmark</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[commercial real estate]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8083</guid>
		
			<content:encoded><![CDATA[The Washington Post has a good article on the Treasury Department’s new task force charged with closing the barn door now that the horses are long gone. It’s called Plan C and their job is to figure out where the next disaster might be lurking in the financial system.
That’s how the Post describes...<div class="feedflare">
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		</item>
		<item>
		<title>Leverage Bubble Reinflating, This Time in China</title>
		<link>http://wallstreetpit.com/8079-real-estate-bubble-reinflating-this-time-in-china</link>
		<comments>http://wallstreetpit.com/8079-real-estate-bubble-reinflating-this-time-in-china#comments</comments>
		<pubDate>Thu, 09 Jul 2009 22:36:56 +0000</pubDate>
		<dc:creator>Ockham Research</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[china lending]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8079</guid>
		
			<content:encoded><![CDATA[While the U.S. economy is in the aftermath of the credit crisis that nearly brought the financial system crashing to the ground and banks and families alike go about deleveraging and contracting their balance sheets, China appears to be on a completely different track as far as lending goes. ...<div class="feedflare">
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</div><img src="http://feeds.feedburner.com/~r/wsp/main/feed/~4/DEq4IER3RHc" height="1" width="1"/>]]></content:encoded>
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		<item>
		<title>When Will the Economic Recovery Begin? Never</title>
		<link>http://wallstreetpit.com/8070-when-will-the-economic-recovery-begin-never</link>
		<comments>http://wallstreetpit.com/8070-when-will-the-economic-recovery-begin-never#comments</comments>
		<pubDate>Thu, 09 Jul 2009 21:40:01 +0000</pubDate>
		<dc:creator>Robert Reich</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Read Me]]></category>

		<category><![CDATA[Top Articles]]></category>

		<category><![CDATA[economic recovery]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8070</guid>
		
			<content:encoded><![CDATA[The so-called &#8220;green shoots&#8221; of recovery are turning brown in the scorching summer sun. In fact, the whole debate about when and how a recovery will begin is wrongly framed. On one side are the V-shapers who look back at prior recessions and conclude that the faster an economy drops,...<div class="feedflare">
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</div><img src="http://feeds.feedburner.com/~r/wsp/main/feed/~4/E3eKNLTaH_U" height="1" width="1"/>]]></content:encoded>
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		<item>
		<title>Claims in Madoff Ponzi Scheme Reach 15,400</title>
		<link>http://wallstreetpit.com/8060-claims-in-madoff-ponzi-scheme-reach-15400</link>
		<comments>http://wallstreetpit.com/8060-claims-in-madoff-ponzi-scheme-reach-15400#comments</comments>
		<pubDate>Thu, 09 Jul 2009 21:33:09 +0000</pubDate>
		<dc:creator>editor</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Bernie Madoff]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8060</guid>
		
			<content:encoded><![CDATA[The final number of claims in Madoff&#8217;’s vast Ponzi scheme comes to more than 15,400, up from 8,800 claims filed by early June, according to an update provided Thursday to the federal bankruptcy court in Manhattan by Irving H. Picard, the trustee overseeing the claims and the liquidation...<div class="feedflare">
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</div><img src="http://feeds.feedburner.com/~r/wsp/main/feed/~4/m7KfkN1HILc" height="1" width="1"/>]]></content:encoded>
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		<item>
		<title>Loans, Asset Purchases, and Exit Strategies: Why the WSJ Doesn’t Understand the Fed’s Operations</title>
		<link>http://wallstreetpit.com/8040-loans-asset-purchases-and-exit-strategies-why-the-wsj-doesnt-understand-the-feds-operations</link>
		<comments>http://wallstreetpit.com/8040-loans-asset-purchases-and-exit-strategies-why-the-wsj-doesnt-understand-the-feds-operations#comments</comments>
		<pubDate>Thu, 09 Jul 2009 21:00:36 +0000</pubDate>
		<dc:creator>Scott Fullwiler</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Federal Reserve]]></category>

		<category><![CDATA[Monetary Policy]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8040</guid>
		
			<content:encoded><![CDATA[Some may have noticed a few weeks ago when the European Central Bank – the counterpart to the Federal Reserve in the Eurozone – conducted a one-day operation that resulted in $622 billion in 1-year loans to the European banking system. At the time, I and others wondered where the fanfare was, as a...<div class="feedflare">
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		<item>
		<title>Secretary Geithner to Advise Obama on Whether to Reappoint Bernanke</title>
		<link>http://wallstreetpit.com/8034-secretary-geithner-to-advise-obama-on-whether-to-reappoint-bernanke</link>
		<comments>http://wallstreetpit.com/8034-secretary-geithner-to-advise-obama-on-whether-to-reappoint-bernanke#comments</comments>
		<pubDate>Thu, 09 Jul 2009 20:47:46 +0000</pubDate>
		<dc:creator>editor</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Ben Bernanke]]></category>

		<category><![CDATA[Obama]]></category>

		<category><![CDATA[Tim Geithner]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8034</guid>
		
			<content:encoded><![CDATA[According to the WSJ, Treasury Sectretary Tim Geithner has the president&#8217;s ear on whether to replace Fed Chairman Ben Bernanke, whose term expires in January 2010.
From the WSJ:
Treasury Secretary Timothy Geithner is expected to play a key role in advising President Barack Obama on whether to...<div class="feedflare">
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</div><img src="http://feeds.feedburner.com/~r/wsp/main/feed/~4/fu4gK_5lC6Y" height="1" width="1"/>]]></content:encoded>
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		</item>
		<item>
		<title>Banks Build Better Mousetrap</title>
		<link>http://wallstreetpit.com/8035-banks-building-a-new-and-better-mousetrap</link>
		<comments>http://wallstreetpit.com/8035-banks-building-a-new-and-better-mousetrap#comments</comments>
		<pubDate>Thu, 09 Jul 2009 20:05:42 +0000</pubDate>
		<dc:creator>Larry Doyle</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[Bank of America]]></category>

		<category><![CDATA[Banking Institutions]]></category>

		<category><![CDATA[Credit Card companies]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8035</guid>
		
			<content:encoded><![CDATA[Is there truly any reason to trust financial institutions these days?
Developments within the credit card space have exposed the true colors of these institutions . . . not that there was ever any doubt. Recall how consumer outrage at rapidly rising interest rates on credit cards pressured...<div class="feedflare">
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		<title>Roubini Sees Unemployment Rate at 11% in 2010</title>
		<link>http://wallstreetpit.com/8024-roubini-sees-unemployment-rate-at-11-in-2010</link>
		<comments>http://wallstreetpit.com/8024-roubini-sees-unemployment-rate-at-11-in-2010#comments</comments>
		<pubDate>Thu, 09 Jul 2009 19:52:31 +0000</pubDate>
		<dc:creator>editor</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[forbes]]></category>

		<category><![CDATA[Nouriel Roubini]]></category>

		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8024</guid>
		
			<content:encoded><![CDATA[Professor Nouriel Roubini predicts in a Forbes article that the unemployment rate could hit 10% by later this summer&#8211;around August or September&#8211;and will be closer to 10.5%, if not 11%, by year-end.
From Forbes: 
It&#8217;s clear that even if the recession were to be over anytime...<div class="feedflare">
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		<title>Old Whine in New Bottles: Commercial Real Estate Lobbies for Bailout</title>
		<link>http://wallstreetpit.com/8025-old-whine-in-new-bottles-commercial-real-estate-lobbies-for-bailout</link>
		<comments>http://wallstreetpit.com/8025-old-whine-in-new-bottles-commercial-real-estate-lobbies-for-bailout#comments</comments>
		<pubDate>Thu, 09 Jul 2009 19:40:14 +0000</pubDate>
		<dc:creator>Simon Johnson</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[commercial real estate]]></category>

		<category><![CDATA[lobbying]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8025</guid>
		
			<content:encoded><![CDATA[The commercial real estate industry would like a bailout – see my preview/links to testimony before the JEC today.  This is not a surprise – even some of the most libertarian people I meet think the government should help them personally when times are bad.  Is there a case treating commercial real...<div class="feedflare">
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		<title>Fed’s Kohn on Central Bank’s Independence</title>
		<link>http://wallstreetpit.com/8006-feds-kohn-on-central-banks-independence</link>
		<comments>http://wallstreetpit.com/8006-feds-kohn-on-central-banks-independence#comments</comments>
		<pubDate>Thu, 09 Jul 2009 19:24:30 +0000</pubDate>
		<dc:creator>editor</dc:creator>
		
		<category><![CDATA[Business]]></category>

		<category><![CDATA[donald kohn]]></category>

		<guid isPermaLink="false">http://wallstreetpit.com/?p=8006</guid>
		
			<content:encoded><![CDATA[Testifying before the Subcommittee on Domestic Monetary Policy and Technology, Donald Kohn, the number-two official at the Fed, urged Congress to respect the central bank&#8217;s independence to conduct monetary policy. In his testimony, Kohn argued that greater Congressional oversight to an...<div class="feedflare">
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