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	<title>Crikey &#187; mortgage bonds</title>
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		<title>S&amp;P&#8217;s downgrade SNAFU</title>
		<link>http://www.nakedcapitalism.com/2009/07/s-shoots-self-and-investors-in-foot.html</link>
		<comments>http://www.nakedcapitalism.com/2009/07/s-shoots-self-and-investors-in-foot.html#comments</comments>
		<pubDate>Wed, 22 Jul 2009 13:04:58 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Links]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[mortgage bonds]]></category>
		<category><![CDATA[ratings agencies]]></category>
		<category><![CDATA[Standard & Poor's]]></category>

		<guid isPermaLink="false">http://www.crikey.com.au/?p=75308</guid>
		<description><![CDATA[The credibility of ratings agencies, already tarnished by the sub-prime crisis, has taken yet another battering, with S&#038;P downgrading some commercial mortgage bonds to near junk thanks to a new model.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Wall St endgame? S&amp;P drops a $265b bombshell</title>
		<link>http://www.crikey.com.au/2008/01/31/wall-st-endgame-sp-drops-a-265b-bombshell/</link>
		<comments>http://www.crikey.com.au/2008/01/31/wall-st-endgame-sp-drops-a-265b-bombshell/#comments</comments>
		<pubDate>Wed, 30 Jan 2008 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[banks in france]]></category>
		<category><![CDATA[collateralized debt obligations]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[mortgage bonds]]></category>
		<category><![CDATA[mortgage securities]]></category>

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		<description><![CDATA[Just when everyone was wondering if the US Federal Reserve's 0.50% rate cut would do the trick and start stabilising the crisis-ridden US economy, ratings agency, Standard &#038; Poor's, delivered a bombshell, writes <b>Glenn Dyer</b>.]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Goldman Sachs: The smartest bank in the room</title>
		<link>http://www.crikey.com.au/2008/01/18/goldman-sachs-the-smartest-bank-in-the-room/</link>
		<comments>http://www.crikey.com.au/2008/01/18/goldman-sachs-the-smartest-bank-in-the-room/#comments</comments>
		<pubDate>Thu, 17 Jan 2008 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[bear stearns cos]]></category>
		<category><![CDATA[citigroup inc]]></category>
		<category><![CDATA[collateralized debt obligations]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[mortgage bonds]]></category>

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		<description><![CDATA[As Merrill Lynch last night announced a write-down of at least US$15 billion (and a quarterly loss of US$9.8 billion), several commentators have looked deeper into the bizarre situation at Goldman Sachs, and their miraculous avoidance of the sub-prime meltdown, writes <b>Adam Schwab</b>.]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Merrill Lynch hasn&#8217;t seen the last of sub-prime carnage</title>
		<link>http://www.crikey.com.au/2007/11/29/merrill-lynch-hasnt-seen-the-last-of-sub-prime-carnage/</link>
		<comments>http://www.crikey.com.au/2007/11/29/merrill-lynch-hasnt-seen-the-last-of-sub-prime-carnage/#comments</comments>
		<pubDate>Wed, 28 Nov 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[cdo]]></category>
		<category><![CDATA[Merrill Lynch]]></category>
		<category><![CDATA[mortgage bonds]]></category>
		<category><![CDATA[subprime mortgage]]></category>
		<category><![CDATA[tully]]></category>

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		<description><![CDATA[While the US markets leapt overnight on news that the Fed will once again lower interest rates, the stench from the sub-prime fiasco doesn’t seem to be dissipating, writes Adam Schwab.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Treasurer, be careful what you wish for</title>
		<link>http://www.crikey.com.au/2007/10/26/treasurer-be-careful-what-you-wish-for/</link>
		<comments>http://www.crikey.com.au/2007/10/26/treasurer-be-careful-what-you-wish-for/#comments</comments>
		<pubDate>Thu, 25 Oct 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[dollar losses]]></category>
		<category><![CDATA[king canute]]></category>
		<category><![CDATA[mortgage bonds]]></category>
		<category><![CDATA[subprime mortgage]]></category>

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		<description><![CDATA[There's an adage about being "careful for what you wish for" that could apply to the increasingly shrill scaremongering coming from our Federal Treasurer, writes Glenn Dyer. ]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Morning Market Report</title>
		<link>http://www.crikey.com.au/2007/06/26/morning-market-report/</link>
		<comments>http://www.crikey.com.au/2007/06/26/morning-market-report/#comments</comments>
		<pubDate>Mon, 25 Jun 2007 14:00:00 +0000</pubDate>
		<dc:creator>Crikey</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Dow Jones]]></category>
		<category><![CDATA[fomc meeting]]></category>
		<category><![CDATA[hedge fund losses]]></category>
		<category><![CDATA[mortgage bonds]]></category>
		<category><![CDATA[takeover target]]></category>

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		<description><![CDATA[The highlights and lowlights of this morning's sharemarket activity. ]]></description>
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