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	<title>Comments on: Cannibal Capitalism</title>
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	<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Quonk</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233723</link>
		<dc:creator>Quonk</dc:creator>
		<pubDate>Wed, 11 Nov 2009 05:00:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233723</guid>
		<description>...with Citi nowhere to be found.</description>
		<content:encoded><![CDATA[<p>&#8230;with Citi nowhere to be found.</p>
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		<title>By: bsneath</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233624</link>
		<dc:creator>bsneath</dc:creator>
		<pubDate>Tue, 10 Nov 2009 19:31:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233624</guid>
		<description>Dylan Ratigan
MSNBC Morning Meeting M-F @ 9AM ET and WABC Radio The Dylan Ratigan Show, Sun @ 7PM ET
Posted: November 4, 2009 05:38 PM


&quot;Break up the Too Big To Fail banking institutions. Start with Goldman Sachs and J.P. Morgan. Right Now.     
How do you expect any other business to compete with the chosen few who are guaranteed profits? The more risk they take, the more they make. Why do you think they invented a fake $600 Trillion secret derivative market in the first place? Bigger bonuses baby. All upside. No downside. Thank you Uncle Sam. Thank you Secretary Geithner. &quot;

http://www.huffingtonpost.com/dylan-ratigan/4-step-bank-fix_b_346140.html</description>
		<content:encoded><![CDATA[<p>Dylan Ratigan<br />
MSNBC Morning Meeting M-F @ 9AM ET and WABC Radio The Dylan Ratigan Show, Sun @ 7PM ET<br />
Posted: November 4, 2009 05:38 PM</p>
<p>&#8220;Break up the Too Big To Fail banking institutions. Start with Goldman Sachs and J.P. Morgan. Right Now.<br />
How do you expect any other business to compete with the chosen few who are guaranteed profits? The more risk they take, the more they make. Why do you think they invented a fake $600 Trillion secret derivative market in the first place? Bigger bonuses baby. All upside. No downside. Thank you Uncle Sam. Thank you Secretary Geithner. &#8221;</p>
<p><a href="http://www.huffingtonpost.com/dylan-ratigan/4-step-bank-fix_b_346140.html" rel="nofollow">http://www.huffingtonpost.com/dylan-ratigan/4-step-bank-fix_b_346140.html</a></p>
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		<title>By: bsneath</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233621</link>
		<dc:creator>bsneath</dc:creator>
		<pubDate>Tue, 10 Nov 2009 19:26:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233621</guid>
		<description>Charles Gasparino
Author, Selling Out
Posted: November 9, 2009 02:32 PM


&quot;Goldman, in case you haven&#039;t heard, has been classified as a commercial bank, meaning it can borrow cheaply to finance its risk taking, and can borrow from the Federal Reserve in a pinch. That&#039;s why it&#039;s amassing such massive profits. And yet not a penny of its massive bonus pool will be lent out to funding-starved small businesses. Think about that: The Federal Government run by the most Liberal Administration in years, is subsidizing big business at the expense to small business.&quot;

http://www.huffingtonpost.com/charles-gasparino/post_439_b_351116.html</description>
		<content:encoded><![CDATA[<p>Charles Gasparino<br />
Author, Selling Out<br />
Posted: November 9, 2009 02:32 PM</p>
<p>&#8220;Goldman, in case you haven&#8217;t heard, has been classified as a commercial bank, meaning it can borrow cheaply to finance its risk taking, and can borrow from the Federal Reserve in a pinch. That&#8217;s why it&#8217;s amassing such massive profits. And yet not a penny of its massive bonus pool will be lent out to funding-starved small businesses. Think about that: The Federal Government run by the most Liberal Administration in years, is subsidizing big business at the expense to small business.&#8221;</p>
<p><a href="http://www.huffingtonpost.com/charles-gasparino/post_439_b_351116.html" rel="nofollow">http://www.huffingtonpost.com/charles-gasparino/post_439_b_351116.html</a></p>
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		<title>By: bsneath</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233620</link>
		<dc:creator>bsneath</dc:creator>
		<pubDate>Tue, 10 Nov 2009 19:24:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233620</guid>
		<description>Robert Reich
Former Secretary of Labor, Professor at Berkeley
Posted: October 26, 2009 09:49 PM


&quot;Needless to say, Wall Street favors the Administration&#039;s approach -- which is why the Administration chose it to begin with. If I were less charitable I&#039;d say Geithner and Summers continue to bend over bankwards to make Wall Street happy, and in doing so continue to risk the credibility of the president, as well as the long-term financial stability of the system.&quot;

http://www.huffingtonpost.com/robert-reich/breaking-up-the-big-banks_b_334814.html</description>
		<content:encoded><![CDATA[<p>Robert Reich<br />
Former Secretary of Labor, Professor at Berkeley<br />
Posted: October 26, 2009 09:49 PM</p>
<p>&#8220;Needless to say, Wall Street favors the Administration&#8217;s approach &#8212; which is why the Administration chose it to begin with. If I were less charitable I&#8217;d say Geithner and Summers continue to bend over bankwards to make Wall Street happy, and in doing so continue to risk the credibility of the president, as well as the long-term financial stability of the system.&#8221;</p>
<p><a href="http://www.huffingtonpost.com/robert-reich/breaking-up-the-big-banks_b_334814.html" rel="nofollow">http://www.huffingtonpost.com/robert-reich/breaking-up-the-big-banks_b_334814.html</a></p>
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		<title>By: hue</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233532</link>
		<dc:creator>hue</dc:creator>
		<pubDate>Tue, 10 Nov 2009 14:36:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233532</guid>
		<description>crony socialism (the first comment disappeared into the void)</description>
		<content:encoded><![CDATA[<p>crony socialism (the first comment disappeared into the void)</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233529</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Tue, 10 Nov 2009 14:31:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233529</guid>
		<description>bouncing between my 2 favorite reality tv channels .. thanks DavidFaber - good report .. I saw that Oracle item last night researchg
.. and on this thread directly .. can GoldmanSacks &quot;side of angels - Doing Gs work&quot; .. are they in a position to play the FED for USA taxpayers .. or again is it visaversa
___

I just can&#039;t bring myself to post on Ft Hood radical concepts from the other channel .. there is only so much anti-bliss a guy can stand .. I just hope CID is doing their job for us all .. oh that what moves cabals</description>
		<content:encoded><![CDATA[<p>bouncing between my 2 favorite reality tv channels .. thanks DavidFaber &#8211; good report .. I saw that Oracle item last night researchg<br />
.. and on this thread directly .. can GoldmanSacks &#8220;side of angels &#8211; Doing Gs work&#8221; .. are they in a position to play the FED for USA taxpayers .. or again is it visaversa<br />
___</p>
<p>I just can&#8217;t bring myself to post on Ft Hood radical concepts from the other channel .. there is only so much anti-bliss a guy can stand .. I just hope CID is doing their job for us all .. oh that what moves cabals</p>
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		<title>By: Greg0658</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233522</link>
		<dc:creator>Greg0658</dc:creator>
		<pubDate>Tue, 10 Nov 2009 13:42:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233522</guid>
		<description>on this concept the FED is doing a perfect reflate at the moment .. and the tricky part is the turn on a dime time and pulling the juice .. and the hyper-drive that will ensue .. and dollar bonds going to be the hot trade .. I was wondering what the deficit $ loan interest payments are at various levels of interest is .. and I guess the payback period * .. are there super-computers working on that

*and who/what pays that interest rate back
___

and on &quot;where’s the 27% coming from&quot; .. (thats an unemploment ball) .. I heard something similar .. and it was presented as &quot;not the average&quot; (average including connected WASPs)(old) who had fallen thru the cracks in the sidewalk .. but more on the line on quintiles of age and ethinic groups .. I&#039;d add in national regions - face it the brain is getting all the juice lately as any body does instinctively (NY DC)
...
and be careful of the birds ya fly and nest with .. pushing books and films and ideologies for their book (markets) .... oh to get my bliss back .... those were the days my friend .. we thought they&#039;d never end</description>
		<content:encoded><![CDATA[<p>on this concept the FED is doing a perfect reflate at the moment .. and the tricky part is the turn on a dime time and pulling the juice .. and the hyper-drive that will ensue .. and dollar bonds going to be the hot trade .. I was wondering what the deficit $ loan interest payments are at various levels of interest is .. and I guess the payback period * .. are there super-computers working on that</p>
<p>*and who/what pays that interest rate back<br />
___</p>
<p>and on &#8220;where’s the 27% coming from&#8221; .. (thats an unemploment ball) .. I heard something similar .. and it was presented as &#8220;not the average&#8221; (average including connected WASPs)(old) who had fallen thru the cracks in the sidewalk .. but more on the line on quintiles of age and ethinic groups .. I&#8217;d add in national regions &#8211; face it the brain is getting all the juice lately as any body does instinctively (NY DC)<br />
&#8230;<br />
and be careful of the birds ya fly and nest with .. pushing books and films and ideologies for their book (markets) &#8230;. oh to get my bliss back &#8230;. those were the days my friend .. we thought they&#8217;d never end</p>
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		<title>By: bsneath</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233521</link>
		<dc:creator>bsneath</dc:creator>
		<pubDate>Tue, 10 Nov 2009 13:41:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233521</guid>
		<description>Financial innovation is Wall Street&#039;s new &#039;soul sickness&#039;
Commentary: New mutant American capitalism has no moral compass
Paul B. Farrell


http://www.marketwatch.com/story/wall-streets-shell-game-will-ruin-us-2009-11-10


I predict that by next November, the general population will share these beliefs and Wall Street will be the issue for the mid-term elections.</description>
		<content:encoded><![CDATA[<p>Financial innovation is Wall Street&#8217;s new &#8216;soul sickness&#8217;<br />
Commentary: New mutant American capitalism has no moral compass<br />
Paul B. Farrell</p>
<p><a href="http://www.marketwatch.com/story/wall-streets-shell-game-will-ruin-us-2009-11-10" rel="nofollow">http://www.marketwatch.com/story/wall-streets-shell-game-will-ruin-us-2009-11-10</a></p>
<p>I predict that by next November, the general population will share these beliefs and Wall Street will be the issue for the mid-term elections.</p>
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		<title>By: Bruce in Tn</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233518</link>
		<dc:creator>Bruce in Tn</dc:creator>
		<pubDate>Tue, 10 Nov 2009 12:27:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233518</guid>
		<description>http://www.rgemonitor.com/roubini-monitor/257912/mother_of_all_carry_trades_faces_an_inevitable_bust

Mother of all Carry Trades Faces an Inevitable Bust
Nouriel Roubini &#124; Nov 1, 2009 

But one day this bubble will burst, leading to the biggest co-ordinated asset bust ever: if factors lead the dollar to reverse and suddenly appreciate – as was seen in previous reversals, such as the yen-funded carry trade – the leveraged carry trade will have to be suddenly closed as investors cover their dollar shorts. A stampede will occur as closing long leveraged risky asset positions across all asset classes funded by dollar shorts triggers a co-ordinated collapse of all those risky assets – equities, commodities, emerging market asset classes and credit instruments.


...Well, who knows.  But it does mean that all who are investing here are market timers on steroids, and none could honestly think they were by any stripe value investors.  Just pay attention...Barry has to be in the market, but the individual certainly need not.</description>
		<content:encoded><![CDATA[<p><a href="http://www.rgemonitor.com/roubini-monitor/257912/mother_of_all_carry_trades_faces_an_inevitable_bust" rel="nofollow">http://www.rgemonitor.com/roubini-monitor/257912/mother_of_all_carry_trades_faces_an_inevitable_bust</a></p>
<p>Mother of all Carry Trades Faces an Inevitable Bust<br />
Nouriel Roubini | Nov 1, 2009 </p>
<p>But one day this bubble will burst, leading to the biggest co-ordinated asset bust ever: if factors lead the dollar to reverse and suddenly appreciate – as was seen in previous reversals, such as the yen-funded carry trade – the leveraged carry trade will have to be suddenly closed as investors cover their dollar shorts. A stampede will occur as closing long leveraged risky asset positions across all asset classes funded by dollar shorts triggers a co-ordinated collapse of all those risky assets – equities, commodities, emerging market asset classes and credit instruments.</p>
<p>&#8230;Well, who knows.  But it does mean that all who are investing here are market timers on steroids, and none could honestly think they were by any stripe value investors.  Just pay attention&#8230;Barry has to be in the market, but the individual certainly need not.</p>
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		<title>By: investorinpa</title>
		<link>http://www.ritholtz.com/blog/2009/11/cannibal-capitalism/comment-page-1/#comment-233509</link>
		<dc:creator>investorinpa</dc:creator>
		<pubDate>Tue, 10 Nov 2009 04:36:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=43357#comment-233509</guid>
		<description>Speaking of getting swallowed up....shouldnt somebody call out Doug Kass, he of the one correct prediction (Dow at its low in March) and completely missing on the other (the highs for the year on the Dow are in).  Ooops.   I think the luster is fading off of him.</description>
		<content:encoded><![CDATA[<p>Speaking of getting swallowed up&#8230;.shouldnt somebody call out Doug Kass, he of the one correct prediction (Dow at its low in March) and completely missing on the other (the highs for the year on the Dow are in).  Ooops.   I think the luster is fading off of him.</p>
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