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	<title>Stilgherrian &#187; john taplin</title>
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	<description>All publication is a political act. All communication is propaganda. All art is pornography. All business is personal. All hail Eris. Vive les poissons rouges sauvages!</description>
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	<itunes:summary>All publication is a political act. All communication is propaganda. All art is pornography. All business is personal. All hail Eris. Vive les poissons rouges sauvages!</itunes:summary>
	<itunes:author>Stilgherrian</itunes:author>
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		<title>The $400 Billion Gift</title>
		<link>http://stilgherrian.com/politics/400_billion_dollar_gift/</link>
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		<pubDate>Thu, 13 Mar 2008 19:02:01 +0000</pubDate>
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				<category><![CDATA[Notes]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Transparency]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[george bush]]></category>
		<category><![CDATA[george w bush]]></category>
		<category><![CDATA[john mccain]]></category>
		<category><![CDATA[john taplin]]></category>

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		<description><![CDATA[Catching up on news from earlier this week, I&#8217;m astounded to read the real reason the US stock market rallied: &#8220;The US Taxpayers just lent the Biggest Banks and Hedge Funds in New York $400 Billion in exchange for &#8216;mark to market valued&#8217; sub prime mortgage securities that are probably nearly worthless (being so far [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Catching up on news from earlier this week, I&#8217;m astounded to read <a href="http://jtaplin.wordpress.com/2008/03/11/the-fed-is-freaked/">the real reason</a> the US stock market rallied:</strong> &#8220;<a href="http://news.yahoo.com/s/nm/20080311/bs_nm/usa_fed_liquidity_dc_6">The US Taxpayers just lent the Biggest Banks and Hedge Funds in New York $400 Billion</a> in exchange for &#8216;mark to market valued&#8217; sub prime mortgage securities that are probably nearly worthless (being so far down on the claims chart in a bankruptcy). This is a &#8216;silent bailout&#8217; of the Republican’s biggest contributors that is going to be much more expensive than the <a href="http://en.wikipedia.org/wiki/Savings_and_Loan_crisis">S&#038;L Rescue package</a> of the early 90s. At least Bush Sr proposed the S&#038;L bailout in the sunlight. Bush Jr, Paulson and the Fed are doing the bailout without asking our permission. What does &#8216;pork barrel&#8217; John McCain think of this corporate welfare?&#8221;</p>
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