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	<title>Trimingham Blog</title>
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	<description>CRO and Financial Advisory Firm</description>
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		<title>Global real estate reality check long overdue</title>
		<link>http://www.trimingham.com/blog/?p=48</link>
		<comments>http://www.trimingham.com/blog/?p=48#comments</comments>
		<pubDate>Tue, 07 Jul 2009 18:44:00 +0000</pubDate>
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		<description><![CDATA[LONDON (Reuters) &#8211; The global economic renaissance will remain in grave peril until banks and investors quit mourning the end of a long-dead real estate boom and face up to losses inflicted by years of reckless lending and spending.
While those on the global property market frontline have struggled through phases of shock, denial and acceptance, [...]]]></description>
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		<title>The Debt Morass</title>
		<link>http://www.trimingham.com/blog/?p=30</link>
		<comments>http://www.trimingham.com/blog/?p=30#comments</comments>
		<pubDate>Tue, 20 Jan 2009 21:26:32 +0000</pubDate>
		<dc:creator>Trimingham</dc:creator>
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		<description><![CDATA[NEW YORK (Reuters) &#8211; The United States and the United Kingdom stand on the brink of the largest debt crisis in history.
While both governments experiment with quantitative easing, bad banks to absorb non-performing loans, and state guarantees to restart bank lending, the only real way out is some combination of widespread corporate default, debt write-downs [...]]]></description>
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		<title>Banking As Usual?  &#8211; Not Quite</title>
		<link>http://www.trimingham.com/blog/?p=29</link>
		<comments>http://www.trimingham.com/blog/?p=29#comments</comments>
		<pubDate>Mon, 01 Dec 2008 14:16:28 +0000</pubDate>
		<dc:creator>Trimingham</dc:creator>
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		<description><![CDATA[REUTERS &#8211; Extreme uncertainty about the economic outlook and the depth of the recession has paralyzed normal lending activity by commercial banks in the United States and elsewhere. Even as the Federal Reserve has added liquidity and boosted bank reserves, the credit creation process has remained stalled as banks struggle to identify good borrowers willing [...]]]></description>
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		<title>Fraud and Bankruptcy</title>
		<link>http://www.trimingham.com/blog/?p=28</link>
		<comments>http://www.trimingham.com/blog/?p=28#comments</comments>
		<pubDate>Mon, 24 Nov 2008 14:50:14 +0000</pubDate>
		<dc:creator>Trimingham</dc:creator>
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		<description><![CDATA[NEW YORK (Reuters) &#8211; Bankrupt companies are three times more likely to have been cited for fraud by U.S. regulators, according to a study released on Monday.
The study from Deloitte Financial Advisory Services LLP DLTE.UL also showed that fraud incidents were much more likely to land a company in bankruptcy court.
&#8220;Many of the companies that [...]]]></description>
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		<title>The Great Deleveraging</title>
		<link>http://www.trimingham.com/blog/?p=27</link>
		<comments>http://www.trimingham.com/blog/?p=27#comments</comments>
		<pubDate>Fri, 24 Oct 2008 15:01:25 +0000</pubDate>
		<dc:creator>Trimingham</dc:creator>
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		<description><![CDATA[By James Saft, Reuters, London
LONDON (Reuters) &#8211; The evaporation of borrowed money has fundamentally changed the way markets function, and what look like crazy anomalies may end up being closer to the new reality.
Across financial markets, especially in fixed income, strange things are happening. Take two examples:
The U.S. government takes Fannie Mae and Freddie Mac [...]]]></description>
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		<title>The Worst Part of the Crunch is Still to Come</title>
		<link>http://www.trimingham.com/blog/?p=26</link>
		<comments>http://www.trimingham.com/blog/?p=26#comments</comments>
		<pubDate>Wed, 20 Aug 2008 19:31:39 +0000</pubDate>
		<dc:creator>Trimingham</dc:creator>
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		<description><![CDATA[LONDON (Reuters) &#8211; The second half of 2008 looks like it will put the &#8220;self-reinforcing&#8221; into &#8220;self-reinforcing credit spiral.&#8221;
Banks in the U.S. are cutting back savagely on credit to individuals, making mortgages and consumer loans tougher to get and more expensive.
Borrowers in turn are missing more payments, prompting more writedowns and leaving the banks still [...]]]></description>
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		<title>By Year&#8217;s End, Junk Will Be Sunk</title>
		<link>http://www.trimingham.com/blog/?p=23</link>
		<comments>http://www.trimingham.com/blog/?p=23#comments</comments>
		<pubDate>Wed, 07 May 2008 22:24:22 +0000</pubDate>
		<dc:creator>Trimingham</dc:creator>
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		<description><![CDATA[Moody&#8217;s Investors Service warns that several recent developments point to a sharp increase in defaults among vulnerable issuers of U.S. speculative-grade debt. In a new report, the credit rating company forecasts that the U.S. junk bond default rate will rise to 4 percent at the end of 2008, quadruple the rate from the end of [...]]]></description>
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