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	<title>Crikey &#187; losses</title>
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		<title>More gloom in world markets: should BHP wait a bit?</title>
		<link>http://www.crikey.com.au/2007/11/12/more-gloom-in-world-markets-should-bhp-wait-a-bit/</link>
		<comments>http://www.crikey.com.au/2007/11/12/more-gloom-in-world-markets-should-bhp-wait-a-bit/#comments</comments>
		<pubDate>Sun, 11 Nov 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[BHP Billiton]]></category>
		<category><![CDATA[bhp share]]></category>
		<category><![CDATA[jp morgan chase]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Rio Tinto]]></category>

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		<description><![CDATA[<i>The Financial Times</i> summed up the mood nicely in a headline on its website on the weekend: "Gloom envelopes world markets." And there's more to come, despite the BHP Billiton stalking of Rio Tinto, writes Glenn Dyer.]]></description>
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		<item>
		<title>Bernanke warns of darkening days to come</title>
		<link>http://www.crikey.com.au/2007/11/09/bernanke-warns-of-darkening-days-to-come/</link>
		<comments>http://www.crikey.com.au/2007/11/09/bernanke-warns-of-darkening-days-to-come/#comments</comments>
		<pubDate>Thu, 08 Nov 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[fed chairman]]></category>
		<category><![CDATA[federal reserve chairman]]></category>
		<category><![CDATA[federal reserve chairman ben bernanke]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[subprime mortgages]]></category>

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		<description><![CDATA[Inflation is on the rise, the subprime mess will worsen, along with the housing crunch, and the losses and damage from both will be worse than anyone expects. A US recession? Don't want to say. Glenn Dyer reports.

]]></description>
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		<title>Golden goodbye for Merrill Lynch CEO as subprime fallout continues</title>
		<link>http://www.crikey.com.au/2007/10/31/golden-goodbye-for-merrill-lynch-ceo-as-subprime-fallout-continues/</link>
		<comments>http://www.crikey.com.au/2007/10/31/golden-goodbye-for-merrill-lynch-ceo-as-subprime-fallout-continues/#comments</comments>
		<pubDate>Tue, 30 Oct 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[departure package]]></category>
		<category><![CDATA[dodgy deals]]></category>
		<category><![CDATA[investment analysts]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Merrill Lynch]]></category>

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		<description><![CDATA[Turning failure into incredible wealth is just another example of how Wall Street's big financial groups refuse to do what they insist others must do, writes Glenn Dyer.]]></description>
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		<title>The global cost of the subprime crisis continues to rise</title>
		<link>http://www.crikey.com.au/2007/10/08/the-global-cost-of-the-subprime-crisis-continues-to-rise/</link>
		<comments>http://www.crikey.com.au/2007/10/08/the-global-cost-of-the-subprime-crisis-continues-to-rise/#comments</comments>
		<pubDate>Sun, 07 Oct 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[JPMorgan Chase]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[subprime lender]]></category>
		<category><![CDATA[subprime mortgages]]></category>

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		<description><![CDATA[The cost of the subprime crisis continues to mount around the world, not just on Wall Street. To date, the total cost stands at around $US50 billion and rising, writes Glenn Dyer.]]></description>
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		<title>Basis Capital seeks bankruptcy protection for crippled Alpha Fund</title>
		<link>http://www.crikey.com.au/2007/08/30/basis-capital-seeks-bankruptcy-protection-for-crippled-alpha-fund/</link>
		<comments>http://www.crikey.com.au/2007/08/30/basis-capital-seeks-bankruptcy-protection-for-crippled-alpha-fund/#comments</comments>
		<pubDate>Wed, 29 Aug 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[jp morgan chase bank]]></category>
		<category><![CDATA[jp morgan chase bank na]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[morgan chase bank]]></category>

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		<description><![CDATA[Basis Capital, the banished finalist from this week's Standard &#038; Poor's Fund Manager of the Year awards, has filed for bankruptcy protection in the US for its Basis Yield Alpha Fund.]]></description>
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		<title>Inside our credit shock: RBA man tells</title>
		<link>http://www.crikey.com.au/2007/08/28/inside-our-credit-shock-rba-man-tells/</link>
		<comments>http://www.crikey.com.au/2007/08/28/inside-our-credit-shock-rba-man-tells/#comments</comments>
		<pubDate>Mon, 27 Aug 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[central banks]]></category>
		<category><![CDATA[investment funds]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[market participants]]></category>
		<category><![CDATA[money market]]></category>

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		<description><![CDATA[Overnight on August 9/10 and during the morning of August 10, Australia experienced a very sharp credit shock, not as bad as Europe had seen the night before, or the US, but a shock nevertheless. Here's RBA deputy governor Ric Battelino told a Sydney conference today in a speech.]]></description>
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		<title>Macquarie Fortress besieged by subprime problems</title>
		<link>http://www.crikey.com.au/2007/08/01/macquarie-fortress-besieged-by-subprime-problems/</link>
		<comments>http://www.crikey.com.au/2007/08/01/macquarie-fortress-besieged-by-subprime-problems/#comments</comments>
		<pubDate>Tue, 31 Jul 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[american mortgage]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Macquarie Bank]]></category>
		<category><![CDATA[mortgage insurers]]></category>
		<category><![CDATA[subprime mortgages]]></category>

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		<description><![CDATA[If you'd woken up on Monday morning and wondered, "what will we see in the financial markets this week, more subprime problems?" you'd have been right, writes Glenn Dyer. ]]></description>
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