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	<title>Comments on: Are Banks Really on the Mend?</title>
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		<title>By: alan annisgard</title>
		<link>http://dailyreckoning.com/are-banks-really-on-the-mend/#comment-15750</link>
		<dc:creator>alan annisgard</dc:creator>
		<pubDate>Wed, 22 Jul 2009 20:48:39 +0000</pubDate>
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		<description>It is  an ominous sign that things are  so obscenely perverse that Wall street  rewards Goldman stockholders and employees  for the profits it gained at the expense of those being evicted from their homes, and then cheers again for  the &quot;smart bets&quot; they placed on commodities.
 
Was it just financial cronyism or something far more sinister when Hank  Paulson, the former CEO of Goldman,  got  appointed as treasurer, and then  bailed  out  AIG, while making sure  that Goldman got paid off for the bets they placed on the imminent collapse of the sub prime loans they had pioneered, packaged and then sold off to unsuspecting investors..?.
 
Are Larry Summers &amp; Tim Geithner still possibly only looking out for Goldman and other hedge funds , as they continue to try and convince us to stay the course, instead of demanding a moratorium of foreclosures and requiring that banks modify the loans?
 
How else do you explain  that 9 months after the bailout,  this trickle down plan that Paulson came up with is actually hurting those who need it the most, particularly as monthly mortgage payments keep re-setting ever higher?
 
We have reached the point, where we must wonder if it I  by design, that the  average borrower on Main street,  cannot get through to his   lender  to discuss modifying his  loan, and in the  interim 1/2 a million more households per month, are losing  their jobs and their homes? 
 
Have Obama and much of the Democratic congress  betrayed their core voter support, by pandering to the interests of Goldman and the rest of the financial community? 
 
Where this any other country, the press would be reporting on this economical political chicanery,  instead of applauding Goldman&#039;s profits, and a well informed citizenry would be demanding that its government stop the payouts to Goldman and other hedge funds,  while declaring a  moratorium on all foreclosures, until the banks modify the loans..</description>
		<content:encoded><![CDATA[<p>It is  an ominous sign that things are  so obscenely perverse that Wall street  rewards Goldman stockholders and employees  for the profits it gained at the expense of those being evicted from their homes, and then cheers again for  the &#8220;smart bets&#8221; they placed on commodities.</p>
<p>Was it just financial cronyism or something far more sinister when Hank  Paulson, the former CEO of Goldman,  got  appointed as treasurer, and then  bailed  out  AIG, while making sure  that Goldman got paid off for the bets they placed on the imminent collapse of the sub prime loans they had pioneered, packaged and then sold off to unsuspecting investors..?.</p>
<p>Are Larry Summers &amp; Tim Geithner still possibly only looking out for Goldman and other hedge funds , as they continue to try and convince us to stay the course, instead of demanding a moratorium of foreclosures and requiring that banks modify the loans?</p>
<p>How else do you explain  that 9 months after the bailout,  this trickle down plan that Paulson came up with is actually hurting those who need it the most, particularly as monthly mortgage payments keep re-setting ever higher?</p>
<p>We have reached the point, where we must wonder if it I  by design, that the  average borrower on Main street,  cannot get through to his   lender  to discuss modifying his  loan, and in the  interim 1/2 a million more households per month, are losing  their jobs and their homes? </p>
<p>Have Obama and much of the Democratic congress  betrayed their core voter support, by pandering to the interests of Goldman and the rest of the financial community? </p>
<p>Where this any other country, the press would be reporting on this economical political chicanery,  instead of applauding Goldman&#8217;s profits, and a well informed citizenry would be demanding that its government stop the payouts to Goldman and other hedge funds,  while declaring a  moratorium on all foreclosures, until the banks modify the loans..</p>
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		<title>By: OSR</title>
		<link>http://dailyreckoning.com/are-banks-really-on-the-mend/#comment-15594</link>
		<dc:creator>OSR</dc:creator>
		<pubDate>Tue, 21 Jul 2009 21:17:07 +0000</pubDate>
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		<description>I haven&#039;t seen any improvement and I spend a fair amount of time at looking at bank capitalization data. I&#039;m eager to see the call reports for Q2.</description>
		<content:encoded><![CDATA[<p>I haven&#8217;t seen any improvement and I spend a fair amount of time at looking at bank capitalization data. I&#8217;m eager to see the call reports for Q2.</p>
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