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	<title>StockPreacher &#187; banks</title>
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	<link>http://stockpreacher.com</link>
	<description>Penny Stock Blog, Small cap Micro Stock Alert and Stock Investment Tips</description>
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		<item>
		<title>In View: The Secret of China&#8217;s rising Economy</title>
		<link>http://stockpreacher.com/2009/08/24/in-view-the-secret-of-chinas-rising-economy/</link>
		<comments>http://stockpreacher.com/2009/08/24/in-view-the-secret-of-chinas-rising-economy/#comments</comments>
		<pubDate>Mon, 24 Aug 2009 15:29:32 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[$42 bbl]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[borrowing]]></category>
		<category><![CDATA[bubbles]]></category>
		<category><![CDATA[capitalism]]></category>
		<category><![CDATA[Capitol Hill]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Chinese]]></category>
		<category><![CDATA[communist]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[consumption]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[credit risks]]></category>
		<category><![CDATA[currencies]]></category>
		<category><![CDATA[derivatives]]></category>
		<category><![CDATA[dollars]]></category>
		<category><![CDATA[downturns]]></category>
		<category><![CDATA[economists]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[exports]]></category>
		<category><![CDATA[financial sector]]></category>
		<category><![CDATA[foreclosures]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[greenbacks]]></category>
		<category><![CDATA[growth rate]]></category>
		<category><![CDATA[japanese]]></category>
		<category><![CDATA[Main street]]></category>
		<category><![CDATA[poor]]></category>
		<category><![CDATA[rich]]></category>
		<category><![CDATA[Richard Wolff]]></category>
		<category><![CDATA[solar]]></category>
		<category><![CDATA[speculators]]></category>
		<category><![CDATA[stimulus]]></category>
		<category><![CDATA[talking heads]]></category>
		<category><![CDATA[taxpayers]]></category>
		<category><![CDATA[trillions]]></category>
		<category><![CDATA[UK]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[US]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[wealth]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=2585</guid>
		<description><![CDATA[In China the Government owns the Banks; the bankers do not own the Government. China&#8217;s stimulus plan is working better than in the US and the UK because the government is using the banks for public ends, rather than allowing the banks to use the government for private ends.  In the USA, the banks [...]]]></description>
		<wfw:commentRss>http://stockpreacher.com/2009/08/24/in-view-the-secret-of-chinas-rising-economy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Rally&#8217;s fate hinges on the US Fed&#8217;s action and continuing growth in home sales</title>
		<link>http://stockpreacher.com/2009/06/24/the-rallys-fate-hinges-on-the-us-feds-action-and-continuing-growth-in-home-sales/</link>
		<comments>http://stockpreacher.com/2009/06/24/the-rallys-fate-hinges-on-the-us-feds-action-and-continuing-growth-in-home-sales/#comments</comments>
		<pubDate>Wed, 24 Jun 2009 10:45:34 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[economic]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[forecasts]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[US Stocks]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1955</guid>
		<description><![CDATA[The economic outlook is improving, but US stocks&#8217; rally that began in March may run into an obstacle or two this week as investors will assess data on new and existing home sales that could point to whether the battered housing sector has bottomed, and they will keep an eye out for profit forecasts or [...]]]></description>
		<wfw:commentRss>http://stockpreacher.com/2009/06/24/the-rallys-fate-hinges-on-the-us-feds-action-and-continuing-growth-in-home-sales/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The G-20 Recap</title>
		<link>http://stockpreacher.com/2009/04/07/the-g-20-recap/</link>
		<comments>http://stockpreacher.com/2009/04/07/the-g-20-recap/#comments</comments>
		<pubDate>Tue, 07 Apr 2009 11:07:15 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Copenhagen]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[G20]]></category>
		<category><![CDATA[Green Agenda]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[lending]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[UN]]></category>
		<category><![CDATA[world bank]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1589</guid>
		<description><![CDATA[Last weeks long awaited G20 Summit Communique lifted the hopes of the world’s investors and leaves a lot of work to be done going forward by the Group. The language of the was vague and optimistic
The Highlights:
On Resources: The G-20 announced US$50B for low-income countries, and an additional US$100B in lending for Development Banks.
On Reform: [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank of America CEO Lewis Suggests US Should Split Functions</title>
		<link>http://stockpreacher.com/2009/04/05/bank-of-america-ceo-lewis-suggests-us-should-split-functions/</link>
		<comments>http://stockpreacher.com/2009/04/05/bank-of-america-ceo-lewis-suggests-us-should-split-functions/#comments</comments>
		<pubDate>Sun, 05 Apr 2009 11:49:36 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bank of America]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Bear Sterns]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[Kenneth Lewis]]></category>
		<category><![CDATA[Merrill Lynch]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1555</guid>
		<description><![CDATA[Bank of America Corp. Chief Executive Officer Kenneth Lewis recently said that the US should consider separating commercial lenders from investment banking activities. Lewis made the comment on his way to a meeting with President Barack Obama and other peer US banking chiefs. Asked what he would tell Obama if given the chance, Lewis said [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>US mobile banking market set for take-off</title>
		<link>http://stockpreacher.com/2009/04/01/us-mobile-banking-market-set-for-take-off/</link>
		<comments>http://stockpreacher.com/2009/04/01/us-mobile-banking-market-set-for-take-off/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 11:19:51 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[mobile]]></category>
		<category><![CDATA[Mobile Money Ventures]]></category>
		<category><![CDATA[SK telecom]]></category>
		<category><![CDATA[Steve Kietz]]></category>
		<category><![CDATA[SY]]></category>
		<category><![CDATA[sybase]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[verisign]]></category>
		<category><![CDATA[VRSN]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1547</guid>
		<description><![CDATA[Technology companies like Sybase (SY) and VeriSign (VRSN) are looking to tap robust growth in the nascent US mobile banking market as text message use rises and banks aggressively explore ways to save. Mobile banking services typically allow users to make payments, check balances, transfer money between accounts and generate statements of recent transactions on [...]]]></description>
		<wfw:commentRss>http://stockpreacher.com/2009/04/01/us-mobile-banking-market-set-for-take-off/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>US Treasury to introduce plan for troubled mortgages</title>
		<link>http://stockpreacher.com/2009/03/28/us-treasury-to-introduce-plan-for-troubled-mortgages/</link>
		<comments>http://stockpreacher.com/2009/03/28/us-treasury-to-introduce-plan-for-troubled-mortgages/#comments</comments>
		<pubDate>Sat, 28 Mar 2009 21:33:07 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[Banking System]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[low-interest]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Treasury department]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1509</guid>
		<description><![CDATA[The US Treasury Department is expected in the coming week to roll out its long-delayed plan to buy as much as $1 trillion in troubled mortgages and related assets from financial institutions, according to people close to the talks. The plan is likely to offer generous subsidies, in the form of low-interest loans, to coax [...]]]></description>
		<wfw:commentRss>http://stockpreacher.com/2009/03/28/us-treasury-to-introduce-plan-for-troubled-mortgages/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>A Rising US$ Lifts the US but adds to the crisis abroad</title>
		<link>http://stockpreacher.com/2009/03/19/a-rising-us-lifts-the-us-but-adds-to-the-crisis-abroad/</link>
		<comments>http://stockpreacher.com/2009/03/19/a-rising-us-lifts-the-us-but-adds-to-the-crisis-abroad/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 11:31:31 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[africa]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bonds]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[european]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[refinance]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[USA]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1493</guid>
		<description><![CDATA[US investors are decamping foreign ventures and bringing their US$s home, entrusting them to the supposed bedrock safety of United States government bonds, and China continues to buy huge quantities of the USA’s debt. These actions are lifting the value of the US$, and providing the Obama administration with a crucial infusion of financing as [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Mark to Market accounting rules promised for US banks.</title>
		<link>http://stockpreacher.com/2009/03/18/new-mark-to-market-accounting-rules-promised-for-us-banks/</link>
		<comments>http://stockpreacher.com/2009/03/18/new-mark-to-market-accounting-rules-promised-for-us-banks/#comments</comments>
		<pubDate>Wed, 18 Mar 2009 11:19:19 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[mortgages]]></category>
		<category><![CDATA[MTM]]></category>
		<category><![CDATA[Robert Hertz]]></category>
		<category><![CDATA[securities and exchange commission]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1478</guid>
		<description><![CDATA[A US House of Representatives panel got a pledge late last Thursday night from the Robert Hertz, Chairman of the independent Financial Accounting Standards Board to issue guidelines within three weeks that will ease the Mark to Market (MTM) rules that force US banks to value assets at current prices. The head of the US [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Toxic Assets Explained</title>
		<link>http://stockpreacher.com/2009/03/11/toxic-assets-explained/</link>
		<comments>http://stockpreacher.com/2009/03/11/toxic-assets-explained/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 11:13:33 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[assets]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[derivatives]]></category>
		<category><![CDATA[interest]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[toxic]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1440</guid>
		<description><![CDATA[Toxic assets are non-performing assets that are not only not paying interest but depreciating (losing principal) rapidly, with no likelihood of stabilizing in the current environment. The most common toxic debt talked about or referenced is subprime mortgage debt. 
According to some estimates there was about US$1.2T of subprime mortgages written. The reason there is [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>US President Obama vows to fight for his budget</title>
		<link>http://stockpreacher.com/2009/03/07/us-president-obama-vows-to-fight-for-his-budget/</link>
		<comments>http://stockpreacher.com/2009/03/07/us-president-obama-vows-to-fight-for-his-budget/#comments</comments>
		<pubDate>Sat, 07 Mar 2009 11:05:33 +0000</pubDate>
		<dc:creator>boss</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[financial times]]></category>
		<category><![CDATA[lobbyists]]></category>
		<category><![CDATA[london]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[president]]></category>
		<category><![CDATA[savings]]></category>
		<category><![CDATA[tax]]></category>

		<guid isPermaLink="false">http://stockpreacher.com/?p=1395</guid>
		<description><![CDATA[What the Financial Times of London described as “combative” US President Barack Obama warned last Saturday he was bracing for a fight against powerful lobbyists and special interests who sought to pick apart the US$3,550B (or US$3.55T) budget he wants to advance his agenda of reform. 
Mr. Obama’s spending blueprint, with its massive US$1,170B (or [...]]]></description>
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		<slash:comments>0</slash:comments>
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