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		<title>Pension Benefit Guarantee Corp &#8211; Next up for a bailout?</title>
		<link>http://speciousriches.com/2009/05/20/pension-benefit-guarantee-corp-next-up-for-a-bailout/</link>
		<comments>http://speciousriches.com/2009/05/20/pension-benefit-guarantee-corp-next-up-for-a-bailout/#comments</comments>
		<pubDate>Thu, 21 May 2009 00:37:28 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
				<category><![CDATA[Economics]]></category>
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		<guid isPermaLink="false">http://speciousriches.com/?p=450</guid>
		<description><![CDATA[I&#8217;ve been following this for a while and even started a blog post about it back in the fall.   This is just the latest in a string of examples of what happens when those in government bow to the kiss the ring of the &#8220;all-knowing&#8221; power brokers on Wall Street.  The stock [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=450&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>Wealth and College Admissions</title>
		<link>http://speciousriches.com/2009/02/24/wealth-and-college-admissions/</link>
		<comments>http://speciousriches.com/2009/02/24/wealth-and-college-admissions/#comments</comments>
		<pubDate>Tue, 24 Feb 2009 15:51:54 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
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		<guid isPermaLink="false">http://speciousriches.com/?p=442</guid>
		<description><![CDATA[Today&#8217;s Boston Globe has an article about a subject I reported on earlier.  With the economy in tatters and the stock market plunging, college endowments have taken a serious hit at just the time when families are in need of greater financial assistance.  This is placing a great deal of pressure on even the wealthiest [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=442&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>Credit Default Swaps, AIG, and the Fed &#8211; Will $123 Billion Be Enough?</title>
		<link>http://speciousriches.com/2008/10/31/cds-aig-fed/</link>
		<comments>http://speciousriches.com/2008/10/31/cds-aig-fed/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 16:00:08 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=400</guid>
		<description><![CDATA[Update on the Fed&#8217;s $123 billion in emergency lending to AIG.


For those intrigued by my credit default swap post, there is a good article in yesterday&#8217;s New York Times.  The article asks, &#8220;where are the funds being lent to AIG by the Fed going within the company&#8221;
The American International Group is rapidly running through [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=400&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>It&#8217;s an Especially Good Year to Be a Wealthy High School Senior</title>
		<link>http://speciousriches.com/2008/10/30/wealthy-early-decision-edge/</link>
		<comments>http://speciousriches.com/2008/10/30/wealthy-early-decision-edge/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 17:30:26 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=368</guid>
		<description><![CDATA[How the Credit Crisis Will Make it Easier for Rich Kids to Get Into Their College of Choice


You may have heard that a male student interested in the humanities has a better chance of being accepted to a prestigious liberal arts college than a comparably qualified female candidate.  How about the tale of the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=368&subd=speciousriches&ref=&feed=1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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		<title>Attention Subscribers!!</title>
		<link>http://speciousriches.com/2008/10/29/attention-subscribers/</link>
		<comments>http://speciousriches.com/2008/10/29/attention-subscribers/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 04:17:25 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=389</guid>
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		<title>What is a Credit Default Swap and Why Should I Care?</title>
		<link>http://speciousriches.com/2008/10/29/cds-credit-default-swap/</link>
		<comments>http://speciousriches.com/2008/10/29/cds-credit-default-swap/#comments</comments>
		<pubDate>Wed, 29 Oct 2008 23:37:33 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.com/?p=299</guid>
		<description><![CDATA[


Credit Default Swaps – A Primer

A credit default swap is a type of credit derivative. Credit derivatives “derive” their value from an underlying credit instrument; generally the bonds of sovereign nations or the bonds of a corporate entity. In recent years, credit derivatives have been created that are based obligations rather than entities; one common [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=299&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>Nouriel Roubini&#8217;s Predictions get Freaky</title>
		<link>http://speciousriches.com/2008/10/24/nouriel-roubinis-predictions-get-freaky/</link>
		<comments>http://speciousriches.com/2008/10/24/nouriel-roubinis-predictions-get-freaky/#comments</comments>
		<pubDate>Fri, 24 Oct 2008 12:33:51 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=285</guid>
		<description><![CDATA[Yesterday I wrote about Professor Nouriel Roubini&#8217;s predictions for continued stress in the U.S. economy.  Roubini is predicting a prolonged recession lasting two years or longer.  While I was writing, Roubini was in London predicting wide-spread market panic that would require a suspension of trading and temporary closure of the markets.  (Video) [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=285&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>Obama and McCain &#8211; Where do they Stand on Immigration Reform?</title>
		<link>http://speciousriches.com/2008/10/23/obama-and-mccain-where-do-they-stand-on-immigration-reform/</link>
		<comments>http://speciousriches.com/2008/10/23/obama-and-mccain-where-do-they-stand-on-immigration-reform/#comments</comments>
		<pubDate>Thu, 23 Oct 2008 23:10:59 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=188</guid>
		<description><![CDATA[
You could be forgiven if you don&#8217;t know where the candidates stand on immigration. With the financial market meltdown in full swing and a full-blown media circus surrounding $150,000 shopping sprees and fair-weather fans, the press hasn&#8217;t had much time to talk about immigration. The Brookings Institution has published this fact sheet comparing the candidate&#8217;s [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=188&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>Recession Will be Three Times Deeper than Recent Ones &#8211; NYU Economist Nouriel Roubini&#8217;s Grim Economic Outlook</title>
		<link>http://speciousriches.com/2008/10/23/recession-will-be-three-times-deeper-nouriel-roubini-grim-economic-outlook/</link>
		<comments>http://speciousriches.com/2008/10/23/recession-will-be-three-times-deeper-nouriel-roubini-grim-economic-outlook/#comments</comments>
		<pubDate>Thu, 23 Oct 2008 17:35:40 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=233</guid>
		<description><![CDATA[The worst is still ahead&#8230;
Nouriel Roubini, (aka Dr. Doom), has been amazingly prescient with his accurate predictions of how the credit crisis would unfold.
He spoke at an NYU-Stern School of Business Panel last week and predicted the financial-market meltdown would trigger a prolonged recession lasting 18-24 months and quite possibly more.  He said hopes [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=233&subd=speciousriches&ref=&feed=1" />]]></description>
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		<title>Answer to Yesterday&#8217;s Poll Question&#8230;</title>
		<link>http://speciousriches.com/2008/10/23/answer-to-yesterdays-poll-question/</link>
		<comments>http://speciousriches.com/2008/10/23/answer-to-yesterdays-poll-question/#comments</comments>
		<pubDate>Thu, 23 Oct 2008 12:45:50 +0000</pubDate>
		<dc:creator>SpeciousRiches</dc:creator>
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		<guid isPermaLink="false">http://speciousriches.wordpress.com/?p=221</guid>
		<description><![CDATA[ What was the top marginal federal tax rate for individuals in 1955?
And the correct answer to yesterday&#8217;s poll question is&#8230;








Individual Income Tax Parameters


1954-1963








Taxable   Income
Rate








$0
-
$4,000
20.0%


$4,000
-
$8,000
22.0%


$8,000
-
$12,000
26.0%


$12,000
-
$16,000
30.0%


$16,000
-
$20,000
34.0%








$20,000
-
$24,000
38.0%


$24,000
-
$28,000
43.0%


$28,000
-
$32,000
47.0%


$32,000
-
$36,000
50.0%


$36,000
-
$40,000
53.0%








$40,000
-
$44,000
56.0%


$44,000
-
$52,000
59.0%


$52,000
-
$64,000
62.0%


$64,000
-
$76,000
65.0%


$76,000
-
$88,000
69.0%








$88,000
-
$100,000
72.0%


$100,000
-
$120,000
75.0%


$120,000
-
$140,000
78.0%


$140,000
-
$160,000
81.0%


$160,000
-
$180,000
84.0%








$180,000
-
$200,000
87.0%


$200,000
-
$300,000
89.0%


$300,000
-
$400,000
90.0%


$400,000 
-
and overa
91.0%



If you answered 91%, pat yourself on the back then, go seek help. I rubbed my eyes and winked a few time when I first saw the [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=speciousriches.com&blog=5209741&post=221&subd=speciousriches&ref=&feed=1" />]]></description>
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