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	<title>Smart Incubator Blog &#187; Bank failures</title>
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	<link>http://blog.smartincubator.com</link>
	<description>It pays to be smart.</description>
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		<title>Citi&#8217;s CDO risk &#8211; not recognized in time</title>
		<link>http://blog.smartincubator.com/2010/04/citis-cdo-risk-not-recognized-in-time/</link>
		<comments>http://blog.smartincubator.com/2010/04/citis-cdo-risk-not-recognized-in-time/#comments</comments>
		<pubDate>Fri, 09 Apr 2010 09:12:44 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Trading Losses]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[citi]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[structured products]]></category>
		<category><![CDATA[subprime]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=696</guid>
		<description><![CDATA[Former Citigroup Inc. Chief Executive Officer Charles O. “Chuck” Prince said he wasn’t aware of the mortgage-related securities that caused the bank’s biggest losses until the financial crisis struck. Neither was Robert Rubin, the former U.S. Treasury secretary who headed the bank’s executive committee in the decade leading up to the crisis, he said at a hearing today [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Bankers hit out against regulation at Davos</title>
		<link>http://blog.smartincubator.com/2010/01/bankers-hit-out-against-regulation-at-davos/</link>
		<comments>http://blog.smartincubator.com/2010/01/bankers-hit-out-against-regulation-at-davos/#comments</comments>
		<pubDate>Thu, 28 Jan 2010 02:56:15 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[recovery]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=518</guid>
		<description><![CDATA[DAVOS, Switzerland: Bankers on Wednesday hit out against over-regulation, with the head of British giant Barclays warning that cutting big banks down would hurt employment and the economy. While politicians including French President Nicolas Sarkozy said he backed US clampdown plans, others like China&#8217;s deputy central bank chief Zhu Min saw no reason for the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Britain pushes for global deal on bank tax</title>
		<link>http://blog.smartincubator.com/2010/01/britain-pushes-for-global-deal-on-bank-tax/</link>
		<comments>http://blog.smartincubator.com/2010/01/britain-pushes-for-global-deal-on-bank-tax/#comments</comments>
		<pubDate>Tue, 26 Jan 2010 06:05:46 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[taxes]]></category>
		<category><![CDATA[UK]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=508</guid>
		<description><![CDATA[LONDON : Britain on Monday led a push for a global deal on reforming the banking sector that could include widespread agreement for an extraordinary tax on lenders amid concerns that the US may go it alone. Paul Myners, the minister charged with overseeing Britain&#8217;s financial services sector, said international agreement on the issue &#8220;would [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Obama announces plan to rein in banks, finance firms</title>
		<link>http://blog.smartincubator.com/2010/01/obama-announces-plan-to-rein-in-banks-finance-firms/</link>
		<comments>http://blog.smartincubator.com/2010/01/obama-announces-plan-to-rein-in-banks-finance-firms/#comments</comments>
		<pubDate>Fri, 22 Jan 2010 04:02:26 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=497</guid>
		<description><![CDATA[WASHINGTON: President Barack Obama on Thursday announced a plan to limit the size and scope of US banks and finance firms in a populist bid to roll back corporate excess and limit dangerous risk-taking. &#8220;Never again will the American taxpayer be held hostage by a bank that is too big to fail,&#8221; Obama said, at [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>US Does Not Have Capitalism Now: Stiglitz</title>
		<link>http://blog.smartincubator.com/2010/01/us-does-not-have-capitalism-now-stiglitz/</link>
		<comments>http://blog.smartincubator.com/2010/01/us-does-not-have-capitalism-now-stiglitz/#comments</comments>
		<pubDate>Wed, 20 Jan 2010 03:08:24 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[investment banks]]></category>
		<category><![CDATA[Risk Management]]></category>
		<category><![CDATA[structured products]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=479</guid>
		<description><![CDATA[Layers of money managers that don&#8217;t bear the brunt of losses but walk away with big payouts when things go well have turned the US economy to a type of &#8220;ersatz capitalism,&#8221; Joseph Stiglitz, Columbia University professor and Nobel laureate, told CNBC Tuesday. &#8220;An awful lot of people are not managing their own money,&#8221; Stiglitz [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Top US bankers admit mistakes in financial crisis</title>
		<link>http://blog.smartincubator.com/2010/01/top-us-bankers-admit-mistakes-in-financial-crisis/</link>
		<comments>http://blog.smartincubator.com/2010/01/top-us-bankers-admit-mistakes-in-financial-crisis/#comments</comments>
		<pubDate>Thu, 14 Jan 2010 03:20:17 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[investment banks]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=432</guid>
		<description><![CDATA[WASHINGTON: Top US bankers on Wednesday acknowledged mistakes that led up to the global financial crisis as a special commission launched its inquiry into the economic calamity. The congressionally mandated 10-member panel, which has been compared to the 9/11 panel that studied the September 11, 2001 terror attacks on the United States, began its first [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Iceland president says country will pay UK government</title>
		<link>http://blog.smartincubator.com/2010/01/iceland-president-says-country-will-pay-uk-government/</link>
		<comments>http://blog.smartincubator.com/2010/01/iceland-president-says-country-will-pay-uk-government/#comments</comments>
		<pubDate>Thu, 07 Jan 2010 03:49:23 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[UK]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=369</guid>
		<description><![CDATA[Iceland&#8217;s president has told the BBC&#8217;s Newsnight it will pay its debt to the British and Dutch governments. The country&#8217;s willingness to refund the money those governments paid to citizens who lost money in the banking crisis has come under question. The president, Olafur Grimsson, stunned observers on Tuesday when he refused to sign off [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Some 30 million German bank cards hit by 2010 bug</title>
		<link>http://blog.smartincubator.com/2010/01/some-30-million-german-bank-cards-hit-by-2010-bug/</link>
		<comments>http://blog.smartincubator.com/2010/01/some-30-million-german-bank-cards-hit-by-2010-bug/#comments</comments>
		<pubDate>Wed, 06 Jan 2010 05:32:12 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[consumers]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=347</guid>
		<description><![CDATA[FRANKFURT : Around 30 million high-tech German bank cards could leave owners high and dry, bank associations warned Tuesday as the feared Y2K computer bug cropped up 10 years later than expected. The problem that hit cardholders trying to use cash machines or make payments throughout Germany and abroad stems from computer chips unable to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Lehman Bros. of the Persian Gulf</title>
		<link>http://blog.smartincubator.com/2009/12/the-lehman-bros-of-the-persian-gulf/</link>
		<comments>http://blog.smartincubator.com/2009/12/the-lehman-bros-of-the-persian-gulf/#comments</comments>
		<pubDate>Tue, 08 Dec 2009 00:07:40 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Trading Losses]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[Dubai]]></category>
		<category><![CDATA[lehman]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=138</guid>
		<description><![CDATA[Dubai was supposed to be a new model for economic development in the Persian Gulf, and in the world. And like so many recent &#8220;new models,&#8221; Dubai is proving to be a lemon. The theory was that Dubai would be a competitive, free oasis in a region generally hostile to the open market. Lacking oil [...]]]></description>
		<wfw:commentRss>http://blog.smartincubator.com/2009/12/the-lehman-bros-of-the-persian-gulf/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Dubai in deep water as ripples from debt crisis spread</title>
		<link>http://blog.smartincubator.com/2009/11/dubai-in-deep-water-as-ripples-from-debt-crisis-spread/</link>
		<comments>http://blog.smartincubator.com/2009/11/dubai-in-deep-water-as-ripples-from-debt-crisis-spread/#comments</comments>
		<pubDate>Fri, 27 Nov 2009 00:31:12 +0000</pubDate>
		<dc:creator>elgintan</dc:creator>
				<category><![CDATA[Banking Industry]]></category>
		<category><![CDATA[Bank failures]]></category>
		<category><![CDATA[Dubai]]></category>

		<guid isPermaLink="false">http://blog.smartincubator.com/?p=102</guid>
		<description><![CDATA[Patrick Hosking and David Robertson, Times UK Fears of a dangerous new phase in the economic crisis swept around the globe yesterday as traders responded to the shock announcement that a debt-laden Dubai state corporation was unable to meet its interest bill. Shares plunged, weak currencies were battered and more than £14 billion was wiped [...]]]></description>
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