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	<title>Comments on: Banks are the big winners from quantitative easing [UPDATED]</title>
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	<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/</link>
	<description>Financial War Reports</description>
	<lastBuildDate>Mon, 13 Feb 2012 09:04:34 +0000</lastBuildDate>
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	<item>
		<title>By: Max Power</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45766</link>
		<dc:creator>Max Power</dc:creator>
		<pubDate>Wed, 11 Nov 2009 07:05:43 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45766</guid>
		<description>For the Gold and Silver bugs:

Gold - How its made
http://www.youtube.com/watch?v=MyOKNR1JCs0</description>
		<content:encoded><![CDATA[<p>For the Gold and Silver bugs:</p>
<p>Gold &#8211; How its made<br />
<a href="http://www.youtube.com/watch?v=MyOKNR1JCs0" rel="nofollow">http://www.youtube.com/watch?v=MyOKNR1JCs0</a></p>
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		<title>By: Dante</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45193</link>
		<dc:creator>Dante</dc:creator>
		<pubDate>Tue, 10 Nov 2009 01:50:51 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45193</guid>
		<description>I hear Blankfein does &quot;gods&quot; work?...maybe he can bring back a few of these poor souls?

Suicides in the downturn raise worries about recession’s real cost

http://tinyurl.com/yznbtv3</description>
		<content:encoded><![CDATA[<p>I hear Blankfein does &#8220;gods&#8221; work?&#8230;maybe he can bring back a few of these poor souls?</p>
<p>Suicides in the downturn raise worries about recession’s real cost</p>
<p><a href="http://tinyurl.com/yznbtv3" rel="nofollow">http://tinyurl.com/yznbtv3</a></p>
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	<item>
		<title>By: Matt Smyth</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45185</link>
		<dc:creator>Matt Smyth</dc:creator>
		<pubDate>Tue, 10 Nov 2009 00:53:15 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45185</guid>
		<description>Maybe everyone has seen this but this guy tries to sell a one oz coin for $50

http://www.youtube.com/SchiffReport</description>
		<content:encoded><![CDATA[<p>Maybe everyone has seen this but this guy tries to sell a one oz coin for $50</p>
<p><a href="http://www.youtube.com/SchiffReport" rel="nofollow">http://www.youtube.com/SchiffReport</a></p>
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	</item>
	<item>
		<title>By: Dante</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45146</link>
		<dc:creator>Dante</dc:creator>
		<pubDate>Mon, 09 Nov 2009 21:52:08 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45146</guid>
		<description>As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?


NeighborWorks&#039; faith in &quot;the legal authorities&quot; has not been borne out by the facts of this unfolding economic depression, and Americans can see right through the hypocrisy of it all: From the housing bubble to the neutered bankruptcy bill and down to the highway robbery of the bailout, the collusion of the government and the financial-services industry has stripped the population of everything from its equity and savings to its dignity and options. And it&#039;s mad as hell about it, as it should be, given that what it is enduring is a perversion and ultimately erasure of authority. 


http://tinyurl.com/ydb324z</description>
		<content:encoded><![CDATA[<p>As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?</p>
<p>NeighborWorks&#8217; faith in &#8220;the legal authorities&#8221; has not been borne out by the facts of this unfolding economic depression, and Americans can see right through the hypocrisy of it all: From the housing bubble to the neutered bankruptcy bill and down to the highway robbery of the bailout, the collusion of the government and the financial-services industry has stripped the population of everything from its equity and savings to its dignity and options. And it&#8217;s mad as hell about it, as it should be, given that what it is enduring is a perversion and ultimately erasure of authority. </p>
<p><a href="http://tinyurl.com/ydb324z" rel="nofollow">http://tinyurl.com/ydb324z</a></p>
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		<title>By: Dante</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45118</link>
		<dc:creator>Dante</dc:creator>
		<pubDate>Mon, 09 Nov 2009 20:08:09 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45118</guid>
		<description>correction
should be:
While totally off topic, I would be surprised if the financial heads didn&#039;t have a similar conversation:</description>
		<content:encoded><![CDATA[<p>correction<br />
should be:<br />
While totally off topic, I would be surprised if the financial heads didn&#8217;t have a similar conversation:</p>
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		<title>By: Dante</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45116</link>
		<dc:creator>Dante</dc:creator>
		<pubDate>Mon, 09 Nov 2009 20:06:28 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45116</guid>
		<description>While totally off topic, I would be surprised the financial heads had a similar conversation:

“Don’t we have an obligation to tell physicians about this?” Franklin says he asked his manager, Phil Magistro. His boss tried to reassure him, Franklin says.

‘Total Disregard’

“‘Don’t worry about this stuff,’” he says Magistro told him. “‘It can never get back to us.’” 

‘Buying Access’ 
Pfizer’s marketing program offered doctors up to $1,000 a day to allow a Pfizer salesperson to spend time with the physician and his patients, according to a whistle-blower lawsuit filed by John Kopchinski, who worked as a salesman at Pfizer from 1992 to 2003. 
“By ‘pairing up’ with a physician, the sales representative was able to promote over a period of many hours, without the usual problems of gaining access to prescribing physicians,” Kopchinski says. “In essence, this amounted to Pfizer buying access to physicians.” 
 
 
 
http://tinyurl.com/ydgwnhe</description>
		<content:encoded><![CDATA[<p>While totally off topic, I would be surprised the financial heads had a similar conversation:</p>
<p>“Don’t we have an obligation to tell physicians about this?” Franklin says he asked his manager, Phil Magistro. His boss tried to reassure him, Franklin says.</p>
<p>‘Total Disregard’</p>
<p>“‘Don’t worry about this stuff,’” he says Magistro told him. “‘It can never get back to us.’” </p>
<p>‘Buying Access’<br />
Pfizer’s marketing program offered doctors up to $1,000 a day to allow a Pfizer salesperson to spend time with the physician and his patients, according to a whistle-blower lawsuit filed by John Kopchinski, who worked as a salesman at Pfizer from 1992 to 2003.<br />
“By ‘pairing up’ with a physician, the sales representative was able to promote over a period of many hours, without the usual problems of gaining access to prescribing physicians,” Kopchinski says. “In essence, this amounted to Pfizer buying access to physicians.” </p>
<p><a href="http://tinyurl.com/ydgwnhe" rel="nofollow">http://tinyurl.com/ydgwnhe</a></p>
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		<title>By: FreeMarkets?</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45115</link>
		<dc:creator>FreeMarkets?</dc:creator>
		<pubDate>Mon, 09 Nov 2009 19:56:22 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45115</guid>
		<description>Geithner talks absolute popi-cock! The tax payer is bailing out a bunch of cheating thieving herberts! As I wrote yesterday the oblivious general public expected to foot the bill for this outrage and blatant lie that the BoE has cleverly and smoothly sold in as a legitimate cause to save us all! The realitiy is the that a few good freinds of the gang benefit and thats it! Excuse typos had a few derinks!</description>
		<content:encoded><![CDATA[<p>Geithner talks absolute popi-cock! The tax payer is bailing out a bunch of cheating thieving herberts! As I wrote yesterday the oblivious general public expected to foot the bill for this outrage and blatant lie that the BoE has cleverly and smoothly sold in as a legitimate cause to save us all! The realitiy is the that a few good freinds of the gang benefit and thats it! Excuse typos had a few derinks!</p>
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		<title>By: Warren</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45110</link>
		<dc:creator>Warren</dc:creator>
		<pubDate>Mon, 09 Nov 2009 19:39:58 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45110</guid>
		<description>&lt;a href=&quot;http://professorfekete.com/articles/AEFFederalReserveAsAnEngineOfDeflation.pdf&quot; rel=&quot;nofollow&quot;&gt;Professor Fekete on how the Fed causes deflation&lt;/a&gt;</description>
		<content:encoded><![CDATA[<p><a href="http://professorfekete.com/articles/AEFFederalReserveAsAnEngineOfDeflation.pdf" rel="nofollow">Professor Fekete on how the Fed causes deflation</a></p>
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		<title>By: Gordo</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45082</link>
		<dc:creator>Gordo</dc:creator>
		<pubDate>Mon, 09 Nov 2009 18:35:06 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45082</guid>
		<description>@Youri Carma

Thanks for the Hudson Video, he is the best as always. Tied with Bill Black.</description>
		<content:encoded><![CDATA[<p>@Youri Carma</p>
<p>Thanks for the Hudson Video, he is the best as always. Tied with Bill Black.</p>
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		<title>By: Dante</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45068</link>
		<dc:creator>Dante</dc:creator>
		<pubDate>Mon, 09 Nov 2009 18:02:32 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45068</guid>
		<description>What&#039;s pretty amazing is that you have  die hard capitalist&#039;s with real experience criticizing the banker&#039;s gaming/plundering and yet the policy makers only pay attention to the defenders of this strategy, which are either direct beneficiaries or academics...

Three Decades of Subsidized Risk

Mr. Forstmann&#039;s point shouldn&#039;t be taken lightly. Not by the press, nor by policy makers in Washington. But so far it has been, and the easy money is flowing like never before. Interest rates are close to zero; in effect the Federal Reserve is subsidizing the risk-taking and bond trading that has allowed Goldman Sachs to produce billions in profits and that infamous $16 billion bonus pool (analysts say it could grow to as high as $20 billion). The Treasury has lent banks money, guaranteed Wall Street&#039;s debt and declared every firm to be a commercial bank, from Citigroup with close to $1 trillion in U.S. deposits, to Morgan Stanley with close to zero. They are all &quot;too big to fail&quot; and so free to trade as they please—on the taxpayer dime.

http://tinyurl.com/yeq2dgc</description>
		<content:encoded><![CDATA[<p>What&#8217;s pretty amazing is that you have  die hard capitalist&#8217;s with real experience criticizing the banker&#8217;s gaming/plundering and yet the policy makers only pay attention to the defenders of this strategy, which are either direct beneficiaries or academics&#8230;</p>
<p>Three Decades of Subsidized Risk</p>
<p>Mr. Forstmann&#8217;s point shouldn&#8217;t be taken lightly. Not by the press, nor by policy makers in Washington. But so far it has been, and the easy money is flowing like never before. Interest rates are close to zero; in effect the Federal Reserve is subsidizing the risk-taking and bond trading that has allowed Goldman Sachs to produce billions in profits and that infamous $16 billion bonus pool (analysts say it could grow to as high as $20 billion). The Treasury has lent banks money, guaranteed Wall Street&#8217;s debt and declared every firm to be a commercial bank, from Citigroup with close to $1 trillion in U.S. deposits, to Morgan Stanley with close to zero. They are all &#8220;too big to fail&#8221; and so free to trade as they please—on the taxpayer dime.</p>
<p><a href="http://tinyurl.com/yeq2dgc" rel="nofollow">http://tinyurl.com/yeq2dgc</a></p>
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		<title>By: Dante</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45058</link>
		<dc:creator>Dante</dc:creator>
		<pubDate>Mon, 09 Nov 2009 17:38:54 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45058</guid>
		<description>Followup On &quot;Extortion By Banks&quot;


Let&#039;s recount what we know to be facts:

    * Lending has not increased since &quot;QE&quot; began, despite the alleged purpose for &quot;QE&quot; being to increase lending.  In fact total bank credit is decreasing at a rate never before seen in the history of modern data collection.  This is being reflected in consumer credit, business credit, all forms of credit - except for Federal Government debt.

    * The Primary Dealers are asserting that they require Tier Capital Relief to be able to participate in the reverse repo operation.

    * Yet in theory at least, the &quot;new reserves&quot; that were created, since they financed Treasury issue, which the primary dealers intermediate, should be sitting on their &quot;credit balance&quot; with The Fed.  That is, either The Primary Dealers are lying (they require nothing) or they don&#039;t have the reserves any more.


http://tinyurl.com/ykdoggq</description>
		<content:encoded><![CDATA[<p>Followup On &#8220;Extortion By Banks&#8221;</p>
<p>Let&#8217;s recount what we know to be facts:</p>
<p>    * Lending has not increased since &#8220;QE&#8221; began, despite the alleged purpose for &#8220;QE&#8221; being to increase lending.  In fact total bank credit is decreasing at a rate never before seen in the history of modern data collection.  This is being reflected in consumer credit, business credit, all forms of credit &#8211; except for Federal Government debt.</p>
<p>    * The Primary Dealers are asserting that they require Tier Capital Relief to be able to participate in the reverse repo operation.</p>
<p>    * Yet in theory at least, the &#8220;new reserves&#8221; that were created, since they financed Treasury issue, which the primary dealers intermediate, should be sitting on their &#8220;credit balance&#8221; with The Fed.  That is, either The Primary Dealers are lying (they require nothing) or they don&#8217;t have the reserves any more.</p>
<p><a href="http://tinyurl.com/ykdoggq" rel="nofollow">http://tinyurl.com/ykdoggq</a></p>
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		<title>By: Hawkeye</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45057</link>
		<dc:creator>Hawkeye</dc:creator>
		<pubDate>Mon, 09 Nov 2009 17:36:18 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45057</guid>
		<description>How can there be far more money sloshing around the economy (thanks to QE), and yet be no overt signs of price inflation?

Surely because the money has not actually reached the pockets of ordinary citizens, but merely helped to prop up asset speculation and disguise the fact that corporate profit rates are tanking.

So much for the trickle down theory, then.

State sponsored wealth disparity creation on a major scale.</description>
		<content:encoded><![CDATA[<p>How can there be far more money sloshing around the economy (thanks to QE), and yet be no overt signs of price inflation?</p>
<p>Surely because the money has not actually reached the pockets of ordinary citizens, but merely helped to prop up asset speculation and disguise the fact that corporate profit rates are tanking.</p>
<p>So much for the trickle down theory, then.</p>
<p>State sponsored wealth disparity creation on a major scale.</p>
]]></content:encoded>
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		<title>By: Youri Carma</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45056</link>
		<dc:creator>Youri Carma</dc:creator>
		<pubDate>Mon, 09 Nov 2009 17:28:22 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45056</guid>
		<description>What Happens If Fed Blows the Exit Strategy? http://tinyurl.com/yzwz3ee

Decline of the Empire — Now What? http://tinyurl.com/yl897v7</description>
		<content:encoded><![CDATA[<p>What Happens If Fed Blows the Exit Strategy? <a href="http://tinyurl.com/yzwz3ee" rel="nofollow">http://tinyurl.com/yzwz3ee</a></p>
<p>Decline of the Empire — Now What? <a href="http://tinyurl.com/yl897v7" rel="nofollow">http://tinyurl.com/yl897v7</a></p>
]]></content:encoded>
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	<item>
		<title>By: Youri Carma</title>
		<link>http://maxkeiser.com/2009/11/09/banks-are-the-big-winners-from-quantitative-easing/#comment-45054</link>
		<dc:creator>Youri Carma</dc:creator>
		<pubDate>Mon, 09 Nov 2009 17:22:35 +0000</pubDate>
		<guid isPermaLink="false">http://maxkeiser.com/?p=3652#comment-45054</guid>
		<description>Wall Street Record Bonuses Return as Big 3 May Pay $30 Billion http://tinyurl.com/yewyhlu

Goldman Sachs helping you to meet your maker earlier than expected, they work with their God/Lucifer now http://tinyurl.com/yjnuzru</description>
		<content:encoded><![CDATA[<p>Wall Street Record Bonuses Return as Big 3 May Pay $30 Billion <a href="http://tinyurl.com/yewyhlu" rel="nofollow">http://tinyurl.com/yewyhlu</a></p>
<p>Goldman Sachs helping you to meet your maker earlier than expected, they work with their God/Lucifer now <a href="http://tinyurl.com/yjnuzru" rel="nofollow">http://tinyurl.com/yjnuzru</a></p>
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