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<channel>
	<title>FT Alphaville</title>
	<link>http://ftalphaville.ft.com/blog</link>
	<ft:rsslink>http://ftalphaville.ft.com/blog/feed/</ft:rsslink>
	<description>FT Alphaville from FT.com</description>
	<copyright>Copyright The Financial Times Ltd 2006. "Alphaville", "FT" and "Financial Times" are trademarks of the Financial Times.</copyright>
	<webMaster>help@ft.com</webMaster>
	<pubDate>Fri, 06 Nov 2009 23:00:20 +0000</pubDate>
	<lastBuildDate>Fri, 06 Nov 2009 23:00:20 +0000</lastBuildDate>
	<ttl>15</ttl>
	<category>Newspapers</category>
	<image><url>http://news.ft.com/cms/d1f3ce1a-6bbe-11da-bb53-0000779e2340.gif</url><title>FT.com - Alphaville</title><link>http://www.ft.com/home/uk</link></image>
	<language>en</language>
				<item>
		<title>The Weekender</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82116/the-weekender-121/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82116/the-weekender-121/</guid>
		<description><![CDATA[This week on FT Alphaville,

- The $100bn FX hustle.

- The S&P is heading for 800.

-  Commercial real estate - work it out!

- World Cups good for tourism, bad for industrial production, BofAML says.

- All aboard the Buffett express …choo, choo!

- Myners enters the HFT debate.

-  El-Erian:...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82116/the-weekender-121/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 23:00:20 +0000</pubDate>
			</item>
			<item>
		<title>Wall St&#8217;s unlikely saviours - community banks</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82111/wall-sts-unlikely-saviours-community-banks/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82111/wall-sts-unlikely-saviours-community-banks/</guid>
		<description><![CDATA[It's being billed as an outrageous piece of behind the scenes lobbying by Big Finance. Moves are afoot to overlay the Financial Accounting Standards Board, which sits inside the SEC, with a new "oversight board"  - a regulator's regulator, if you like.

The subtext here is all about mark-to-mark accounting:...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82111/wall-sts-unlikely-saviours-community-banks/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 22:24:24 +0000</pubDate>
			</item>
			<item>
		<title>US consumers failing to spend, data show</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82106/us-consumers-failing-to-spend-data-show/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82106/us-consumers-failing-to-spend-data-show/</guid>
		<description><![CDATA[Proponents of the theory that there has been a secular shift in the American psyche -- away for a culture of consumerism and toward a new-found frugality -- will be heartened by the latest consumer credit data from the Federal Reserve.

On the other hand, anyone betting on a rebound in US consumer spending or hoping households would power future economic growth are in for a shock....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82106/us-consumers-failing-to-spend-data-show/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 21:32:33 +0000</pubDate>
			</item>
			<item>
		<title>CDS report: Standing on the shoulders of the Fed</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82101/cds-report-standing-on-the-shoulders-of-the-fed/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82101/cds-report-standing-on-the-shoulders-of-the-fed/</guid>
		<description><![CDATA[Markit's Gavan Nolan wrote this CDS report

The monthly US non-farm payrolls report always has the potential to move markets. No matter that it is a lagging indicator; the state of the US labour market is an important gauge of the world's largest economy and has knock-on effects on consumer confidence....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82101/cds-report-standing-on-the-shoulders-of-the-fed/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 17:58:42 +0000</pubDate>
			</item>
			<item>
		<title>[Galleon] SEC casts its hedge fund net ever wider</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82091/sec-casts-its-hedge-fund-net-ever-wider/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82091/sec-casts-its-hedge-fund-net-ever-wider/</guid>
		<description><![CDATA[The following snaps flashed up on Reuters on Friday:

RTRS-U.S. SEC ENFORCEMENT CHIEF KHUZAMI SAYS SEEING SIGNIFICANT EXPANSION AS TO WHERE GALLEON/HEDGE FUND PROBE IS LEADING

16:48 06Nov09 RTRS-KHUZAMI SAYS SOME HEDGE FUND BUSINESS MODELS, LACK OF COMPLIANCE, TRANSPARENCY CREATE INCREASED DANGER OF IMPROPER ACTIVITY

16:49 06Nov09 RTRS-KHUZAMI SAYS CHANGE IN NATURE OF MARKET PARTICIPANTS,...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82091/sec-casts-its-hedge-fund-net-ever-wider/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 17:03:46 +0000</pubDate>
			</item>
			<item>
		<title>Simply, yen-tastic job numbers</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82061/simply-yen-tastic-job-numbers/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82061/simply-yen-tastic-job-numbers/</guid>
		<description><![CDATA[Just look at that yen go:





It seems bad US jobs numbers have reassured investors that the "mother of all carry trades" is completely tenable and that because liquidity won't be removed from the US or the UK any time soon, betting there will be diminished use of the yen as a carry-trade currency remains a logical trade....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82061/simply-yen-tastic-job-numbers/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 16:54:00 +0000</pubDate>
			</item>
			<item>
		<title>Yar! Interdealer piracy</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82056/yar-interdealer-piracy/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82056/yar-interdealer-piracy/</guid>
		<description><![CDATA[Buccaneers hassling your fleet around the seven seas? Time to hire some muscle.

Interdealer broker ICAP are said to be amassing ducats introducing worried ship owners to pirate slaying mercenaries.

And for a small fee you too can be "briefed in anti-piracy preparation and drills", and assisted in "hardening"...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82056/yar-interdealer-piracy/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 15:22:39 +0000</pubDate>
			</item>
			<item>
		<title>Wells Fargo Pick-A-Pay, Pick-A-Pray</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/81966/wells-fargo-pick-a-pay-pick-a-pray/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/81966/wells-fargo-pick-a-pay-pick-a-pray/</guid>
		<description><![CDATA[Extend and pretend. Kicking the can. Fake it till you make it. Band-aided.

Any one of those expressions could be used to describe the latest loan modification technique from Wells Fargo.

Dow Jones, via the Wall Street Journal, has the story:NEW YORK (Dow Jones)--Wells Fargo & Co.'s (WFC) strategy for modifying its billions in troubled Pick-A-Pay mortgages looks a lot like a game of kick-the-can-down-the-road....]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/81966/wells-fargo-pick-a-pay-pick-a-pray/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 15:05:33 +0000</pubDate>
			</item>
			<item>
		<title>Grevious bodily injury at RBS</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82041/grevious-bodily-injury-at-rbs/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82041/grevious-bodily-injury-at-rbs/</guid>
		<description><![CDATA[The epic third quarter Interim Management Statement from the new, transparent RBS is proving to be something of a treasure trove.

Here's the bank explaining the dismal performance of its to-be-divested insurance business, where profits fell 92 per cent during the quarter (emphasis FT Alphaville's):...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82041/grevious-bodily-injury-at-rbs/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 14:40:37 +0000</pubDate>
			</item>
			<item>
		<title>Reforming risky banks the old-fashioned way</title>
		<link>http://ftalphaville.ft.com/blog/2009/11/06/82031/reforming-risky-banks-the-old-fashioned-way/?source=rss</link>
		<guid>http://ftalphaville.ft.com/blog/2009/11/06/82031/reforming-risky-banks-the-old-fashioned-way/</guid>
		<description><![CDATA[In the early days of banking, liability was not just unlimited; it was often as much personal as financial. In 1360, a Barcelona banker was executed in front of his failed bank, presumably as a way of discouraging generations of future bankers from excessive risk-taking...

Andrew Haldane, executive director of the Bank of England's Financial Stability unit,...]]></description>
		<comments>http://ftalphaville.ft.com/blog/2009/11/06/82031/reforming-risky-banks-the-old-fashioned-way/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 14:04:26 +0000</pubDate>
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