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	<title>in the middle of the night</title>
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	<link>http://inthemiddleofthenight.wordpress.com</link>
	<description>Ruminations on our delusions of grandeur</description>
	<lastBuildDate>Wed, 13 May 2009 17:01:53 +0000</lastBuildDate>
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		<title>in the middle of the night</title>
		<link>http://inthemiddleofthenight.wordpress.com</link>
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		<item>
		<title>Jamming the Banks &#8211; Part 2</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/05/13/jamming-the-banks-part-2/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/05/13/jamming-the-banks-part-2/#comments</comments>
		<pubDate>Wed, 13 May 2009 17:01:53 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[Regulation]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=420</guid>
		<description><![CDATA[The Chrysler squeeze on the banks was just the warm up in the Obama Administration&#8217;s plan to re-make the economy. It turns out the the compensation choke hold so far applied only to those banks receiving TARP money will be expanded to an industry wide system for all of financial services. (U.S. Eyes Bank Pay [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=420&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Jamming the Banks</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/05/11/jamming-the-banks/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/05/11/jamming-the-banks/#comments</comments>
		<pubDate>Mon, 11 May 2009 14:00:25 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=414</guid>
		<description><![CDATA[&#8220;You don&#8217;t need banks and bondholders to make cars,&#8221; said [an Obama] administration official. WSJ, 5/11/09 The evidence continues to mount that President Obama and his cadre are intent upon re-making the American economy in their own image. We are entering an era of government industrial policy making unlike anything we have ever seen. Mr. [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=414&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<item>
		<title>Banking utilities &#8211; Part 2</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/05/06/banking-utilities-part-2/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/05/06/banking-utilities-part-2/#comments</comments>
		<pubDate>Wed, 06 May 2009 14:49:49 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=407</guid>
		<description><![CDATA[In earlier posts, we spoke to the notion that regulators may be forced into rationalizing the biggest banks as banking utilities &#8211; essential players in the economy whose future scope of action will be constrained by regulators&#8217; views about what is good for the economy as a whole rather than just the interests of the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=407&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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	</item>
		<item>
		<title>Seeing around corners &#8211; is the end in sight?</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/27/seeing-around-corners-is-the-end-in-sight/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/27/seeing-around-corners-is-the-end-in-sight/#comments</comments>
		<pubDate>Mon, 27 Apr 2009 21:40:57 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=403</guid>
		<description><![CDATA[One of the great surprises of the current economic crisis is that few saw it coming, and worse yet, the first wave of investors jumping in to help (think sovereign wealth funds which invested in the big banks) were brutally savaged by the continuing market decline. Now comes Wilbur Ross with a plan to invest [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=403&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>We are in the eye of the storm</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/17/we-are-in-the-eye-of-the-storm/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/17/we-are-in-the-eye-of-the-storm/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 18:21:53 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=398</guid>
		<description><![CDATA[&#8220;We are in the eye of the storm. The worst is behind us for housing. For commercial real estate and corporate lending, there is still a big dark cloud.&#8221; - GERARD CASSIDY, a banking analyst. http://www.nytimes.com/2009/04/17/business/17bank.html?th&#38;emc=th Posted in Banking, The Economy<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=398&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>Black carbon gives the lie</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/16/black-carbon-gives-the-lie/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/16/black-carbon-gives-the-lie/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 21:10:28 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Environment]]></category>
		<category><![CDATA[Regulation]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=395</guid>
		<description><![CDATA[&#8230; to the environmental left&#8217;s histrionic certainty about global warming and its causes. According to scientists, including Dr. Veerabhadran Ramanathan, one of the world’s leading climate scientists, black carbon accounts for 18% of the planet&#8217;s warming and likely represents an even greater cause of glacial melting around the world. And black carbon arises primarily from [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=395&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>A whack across the nose</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/14/a-whack-across-the-nose/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/14/a-whack-across-the-nose/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 17:39:16 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[World affairs]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=392</guid>
		<description><![CDATA[&#8220;North Korean dictator Kim Jong Il is said to be a film buff, so perhaps he&#8217;s familiar with the classic &#8220;Groundhog Day,&#8221; in which Bill Murray plays a TV reporter who is condemned to relive February 2 over and over again. Kim must figure the members of the U.N. Security Council have seen it too, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=392&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>Everyone should pay income taxes</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/14/everyone-should-pay-income-taxes/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/14/everyone-should-pay-income-taxes/#comments</comments>
		<pubDate>Tue, 14 Apr 2009 17:27:35 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=390</guid>
		<description><![CDATA[Ari Fleischer says everyone should pay taxes &#8211; my sentiments exactly. Read it here &#8230; Posted in Politics, The Economy<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=390&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/04/14/everyone-should-pay-income-taxes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>Ratings firms are chasing the knife</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/10/ratings-firms-are-chasing-the-knife/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/10/ratings-firms-are-chasing-the-knife/#comments</comments>
		<pubDate>Fri, 10 Apr 2009 19:34:34 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=384</guid>
		<description><![CDATA[The ratings firms have created a new derivative of the old Wall Street phrase about &#8220;catching a falling knife&#8221;. Not quite able to catch it, they are chasing the knife down. Ratings agency downgrades abound: Hartford&#8217;s Capital Cushion Questioned Moody&#8217;s Strips Berkshire of Top Rating The Downside of Ratings Reform The real problem for investors [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=384&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/04/10/ratings-firms-are-chasing-the-knife/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>The dark cloud on the horizon</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/10/the-dark-cloud-on-the-horizon/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/10/the-dark-cloud-on-the-horizon/#comments</comments>
		<pubDate>Fri, 10 Apr 2009 18:50:42 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=372</guid>
		<description><![CDATA[&#8230; is the shadow of our coming economic decline. U.S. Climate Envoy Warns Against High-Carbon Investments The Financial Times (4/8/09, A1, Harvey) recently reported, &#8220;Businesses must not sink money into high-carbon infrastructure unless they are willing to lose their investments within a few years, the US lead negotiator on climate change has warned. In the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=372&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>Making Banking Boring (again)</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/10/making-banking-boring-again/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/10/making-banking-boring-again/#comments</comments>
		<pubDate>Fri, 10 Apr 2009 18:07:16 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=369</guid>
		<description><![CDATA[Paul Krugman may have it right this time. &#8220;Thirty-plus years ago, when I was a graduate student in economics, only the least ambitious of my classmates sought careers in the financial world. Even then, investment banks paid more than teaching or public service — but not that much more, and anyway, everyone knew that banking [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=369&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/04/10/making-banking-boring-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>Pining for some &#8216;Animal Spirits&#8217;</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/09/pining-for-some-animal-spirits/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/09/pining-for-some-animal-spirits/#comments</comments>
		<pubDate>Thu, 09 Apr 2009 23:08:45 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=365</guid>
		<description><![CDATA[Where have all the &#8216;animal spirits&#8217; gone? John Maynard Keynes briefly used the term in one paragraph when discussing what motivates people to invest and speculate. In a new book, Animal Spirits, George Akerlof and Robert Shiller describe five categories of spirit: Confidence Fairness Corruption / bad faith Money illusion Stories None of these are [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=365&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>Brushing up on &#8220;Rules for Radicals&#8221;</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/04/03/brushing-up-on-rules-for-radicals/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/04/03/brushing-up-on-rules-for-radicals/#comments</comments>
		<pubDate>Fri, 03 Apr 2009 15:12:44 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=361</guid>
		<description><![CDATA[&#8220;[Saul] Alinsky&#8217;s 1971 book, &#8216;Rules for Radicals,&#8217; is a favorite of the Obamas. Michele Obama quoted it at the Democratic Convention.&#8221; - The President is &#8216;Keeping Score&#8217;, WSJ By now, most people who read the papers or watch the news have realized that President Obama is fully intent on re-making the American economy and the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=361&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">wonderingin</media:title>
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		<title>The Obama Industrial Policy</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/30/the-obama-industrial-policy/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/30/the-obama-industrial-policy/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 17:29:14 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Regulation]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=349</guid>
		<description><![CDATA[General Motors Chairman &#38; CEO Rick Wagoner just became the newest poster boy for the Obama Administration&#8217;s new industrial policy &#8211; let&#8217;s call it whack-a-mole. Or as the Queen of Hearts proclaimed, &#8220;Off with their heads!&#8221; The auto industry problem is very complex with many causes and few obvious solutions. Here are just a few [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=349&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/03/30/the-obama-industrial-policy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>A sign of things to come?</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/26/a-sign-of-things-to-come/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/26/a-sign-of-things-to-come/#comments</comments>
		<pubDate>Fri, 27 Mar 2009 00:18:01 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[The Economy]]></category>
		<category><![CDATA[World affairs]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=345</guid>
		<description><![CDATA[Kevin Chau, a currency strategist for IDEAglobal, when ask whether the U.S. is declining as a political and financial power: &#8220;Eventually, but that will take time. You will see the emergence of China and the emergence of India eventually. Those are primarily export-driven countries. Once they start to develop a more-domestic economy they&#8217;re going to [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=345&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/03/26/a-sign-of-things-to-come/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Topping a tree stunts it&#8217;s growth</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/24/topping-a-tree-stunts-its-growth/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/24/topping-a-tree-stunts-its-growth/#comments</comments>
		<pubDate>Wed, 25 Mar 2009 01:07:37 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=341</guid>
		<description><![CDATA[During his prime time press conference this evening, President Obama was asked whether he regretted his budget proposal to eliminate itemized deductions for mortgage interest or charitable contributions: “No because I think it was the right thing to do,” he said, [noting] the provision only affects 1% of the American people. “I think this was [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=341&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/03/24/topping-a-tree-stunts-its-growth/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Clearing the housing market</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/23/clearing-the-housing-market/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/23/clearing-the-housing-market/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 15:04:33 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=337</guid>
		<description><![CDATA[The Wall street Journal reported today that existing-home sales rose 5.1% in February while the median price fell 15.5% year over year. Almost half (45%) of these sales were foreclosures and short sales (outstanding mortgage is greater than the sales price). This is very good news &#8211; the market is working. Neither housing nor the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=337&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Calming the howling mob</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/23/calming-the-howling-mob/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/23/calming-the-howling-mob/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 14:09:21 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Regulation]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=332</guid>
		<description><![CDATA[Having last week stoked the fire of the howling mobs calling for blood (ruinous taxation), President Obama this week is expressing some doubts as to whether the House passed excise tax on AIG bonuses is constitutional. Lynch mobs are a bit like grass fires. They are so easy to set but can quickly burn out [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=332&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>The Bonus Tax Train Wreck</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/20/the-bonus-tax-train-wreck/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/20/the-bonus-tax-train-wreck/#comments</comments>
		<pubDate>Sat, 21 Mar 2009 01:08:46 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[The Economy]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=323</guid>
		<description><![CDATA[The bonus claw back excise tax legislation hurtling through Congress this week will be an economic train wreck at warp speed. It will: severely hamper the financial industry&#8217;s ability to clean up the mortgage mess decimate the ability of banks receiving TARP funds to recruit top drawer talent embolden Congressional, labor and other anti-business groups [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=323&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/03/20/the-bonus-tax-train-wreck/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>AIG Bonuses &#8211; a dangerous distraction</title>
		<link>http://inthemiddleofthenight.wordpress.com/2009/03/19/aig-bonuses-a-dangerous-distraction/</link>
		<comments>http://inthemiddleofthenight.wordpress.com/2009/03/19/aig-bonuses-a-dangerous-distraction/#comments</comments>
		<pubDate>Thu, 19 Mar 2009 22:40:35 +0000</pubDate>
		<dc:creator>wonderingin</dc:creator>
				<category><![CDATA[Banking]]></category>
		<category><![CDATA[Financial Markets]]></category>

		<guid isPermaLink="false">http://inthemiddleofthenight.wordpress.com/?p=318</guid>
		<description><![CDATA[The hue and cry about the AIG retention bonuses is a dangerous distraction on several fronts. Here are two: The real question is how much money are the Feds going to put down the rat hole and will it really make a positive difference for the economy? To paraphrase Ross Perot&#8217;s famous line, &#8220;There is [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=inthemiddleofthenight.wordpress.com&amp;blog=5834099&amp;post=318&amp;subd=inthemiddleofthenight&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://inthemiddleofthenight.wordpress.com/2009/03/19/aig-bonuses-a-dangerous-distraction/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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