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	<title>Narrating the Aberration. &#187; Banks</title>
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	<link>http://doohan.org/blog</link>
	<description>Thermodynamics trumps Economics...and it&#039;s gonna hurt!</description>
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		<title>NAMA &#8216;Dead on Arrival&#8217;, say Ministers</title>
		<link>http://doohan.org/blog/2010/07/15/nama-doa-say-ministers/</link>
		<comments>http://doohan.org/blog/2010/07/15/nama-doa-say-ministers/#comments</comments>
		<pubDate>Thu, 15 Jul 2010 12:24:17 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Lenihan]]></category>
		<category><![CDATA[NAMA]]></category>
		<category><![CDATA[OCR]]></category>
		<category><![CDATA[Ryan]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=541</guid>
		<description><![CDATA[One tires of wading through so much bullshit from the various &#8216;leaders&#8217; of what passes for &#8217;society&#8217; in this damp corner of the planet. There is very little perspective on offer from these people and, as the 24-hour news cycle intensifies with all the blogging, tweeting and wiki-ing, all we ever seem to get are [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2010/07/15/nama-doa-say-ministers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Qui Bono?</title>
		<link>http://doohan.org/blog/2010/03/02/qui-bono/</link>
		<comments>http://doohan.org/blog/2010/03/02/qui-bono/#comments</comments>
		<pubDate>Tue, 02 Mar 2010 12:16:56 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Bacon]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Hotels]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=459</guid>
		<description><![CDATA[The good Dr Bacon was on the radio yesterday morning.
He spoke at length about the need to foreclose on insolvent institutions, to not allow the government to prop up “zombie” institutions, to allow the market to solve the overcapacity and overproduction of goods and the need to protect the taxpayer.
It turns out he was speaking [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2010/03/02/qui-bono/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Nausea</title>
		<link>http://doohan.org/blog/2009/09/05/nausea/</link>
		<comments>http://doohan.org/blog/2009/09/05/nausea/#comments</comments>
		<pubDate>Sat, 05 Sep 2009 05:05:18 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Lenihan]]></category>
		<category><![CDATA[NAMA]]></category>
		<category><![CDATA[testimony]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=322</guid>
		<description><![CDATA[The Lenihan testimony before the Finance C’mtee made me nauseous.
It made me so ill/mad that I didn’t originally notice the abysmal absence of the Green’s parliamentary party from the event.
First off, he made much of the historic prudence of the lenders, referring to LTV&#8217;s of 75%. At a time when the banks were tripping over [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2009/09/05/nausea/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>NAMA in a sentence Part III</title>
		<link>http://doohan.org/blog/2009/09/03/nama-in-a-sentence-part-iii/</link>
		<comments>http://doohan.org/blog/2009/09/03/nama-in-a-sentence-part-iii/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 23:12:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[NAMA]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=317</guid>
		<description><![CDATA[NAMA is a massive transfer of wealth from the taxpayer to the shareholders and bondholders (but not the depositors) of the banks on terms that are disadvantageous, not understood and without explicit consent; therefore NAMA is at least a ‘con’ and is probably theft.
]]></description>
		<wfw:commentRss>http://doohan.org/blog/2009/09/03/nama-in-a-sentence-part-iii/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Two Wrongs</title>
		<link>http://doohan.org/blog/2009/08/21/two-wrongs/</link>
		<comments>http://doohan.org/blog/2009/08/21/two-wrongs/#comments</comments>
		<pubDate>Fri, 21 Aug 2009 11:10:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Green Party]]></category>
		<category><![CDATA[Politics/Law]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[delusions]]></category>
		<category><![CDATA[NAMA]]></category>
		<category><![CDATA[Peak Oil]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=297</guid>
		<description><![CDATA[I don&#8217;t about your mothers but mine taught me that &#8216;two wrongs do not make a right&#8217;.
The &#8216;Bank Guarantee&#8217; worked in that it temporarily avoided a catatrophic meltdown of the banking system.  The global financial &#8216;tsunami&#8217; caused by everyone realising at the same time that the Property Emperor had no clothes has washed through and [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2009/08/21/two-wrongs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Hard questions on a &#8216;fuzzy&#8217; subject.</title>
		<link>http://doohan.org/blog/2009/08/20/hard-questions-on-a-fuzzy-subject/</link>
		<comments>http://doohan.org/blog/2009/08/20/hard-questions-on-a-fuzzy-subject/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 21:25:27 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Green Party]]></category>
		<category><![CDATA[Politics/Law]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[NAMA]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=292</guid>
		<description><![CDATA[1
Statement of Fact:  Presently, the beneficial interest in these &#8216;toxic&#8217; property assets resides with the developers. It is proposed to transfer the loans secured on these properties and the &#8217;security&#8217; attached to these loans to NAMA, by means of a payment priced at a discount to nominal value but above what could be achieved [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2009/08/20/hard-questions-on-a-fuzzy-subject/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>A morality tale</title>
		<link>http://doohan.org/blog/2009/08/15/a-morality-tale/</link>
		<comments>http://doohan.org/blog/2009/08/15/a-morality-tale/#comments</comments>
		<pubDate>Sat, 15 Aug 2009 11:09:25 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Environment]]></category>
		<category><![CDATA[Life]]></category>
		<category><![CDATA[Web]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Lending]]></category>
		<category><![CDATA[NAMA]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=283</guid>
		<description><![CDATA[This starts off sounding like a joke &#8211; can you guess who the butt of the  joke is??
A Chinaman walked into an Argentine bank and deposited a billion whatever they call &#8216;em in Argentina. The bankers had a client who had just made some money by the cunning stroke of putting 4 houses on some [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2009/08/15/a-morality-tale/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Banks for Old or &#8221; Bring out your dead&#8221;</title>
		<link>http://doohan.org/blog/2009/04/08/new-banks/</link>
		<comments>http://doohan.org/blog/2009/04/08/new-banks/#comments</comments>
		<pubDate>Wed, 08 Apr 2009 14:08:37 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Economics/Finance]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[refinancing]]></category>

		<guid isPermaLink="false">http://doohan.org/blog/?p=108</guid>
		<description><![CDATA[There is common agreement on the symptoms of the current banking crisis. The patient caught a cold, amounting to frostbite, and now the lack of circulation means that good limbs are in danger of being killed off by the struggle to preserve all. The dispute is over the treatment.
The main problem we face is the [...]]]></description>
		<wfw:commentRss>http://doohan.org/blog/2009/04/08/new-banks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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