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	<title><![CDATA[Fear and Looting in America: Are We Really Out of Money?]]></title>
	<url>http://www.huffingtonpost.com/les-leopold/fear-and-looting-in-ameri_b_208153.html</url>
	<abstract><![CDATA[<p><strong>"Well, we are out of money now..." President Obama, May 25, 2009</strong></p>

<p>Depends on the definition of "we".</p>

<p>We got into this crisis because Wall Street invented and pedaled fantasy financial instruments that turned out to be junk. While their party lasted, those complex derivatives were a gold mine for the largest financial institutions. According to the<em> New York Times</em>, the profits from the nine largest commercial banks "from early 2004 until the middle of 2007 were a combined $305 billion. But...</p>]]></abstract>
	<taxonomy><![CDATA[Business]]></taxonomy>
	<date_published>2009-05-27T15:54:00-04:00</date_published>
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