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	<title>Years of Poems and Spirits</title>
	<link>http://wuyibing.com</link>
	<description>Reviews, Notes, Journals and Comments</description>
	<lastBuildDate>Fri, 26 Sep 2008 05:51:08 +0000</lastBuildDate>
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	<item>
		<title>A Day to Remember</title>
		<description><![CDATA[The bailout talk &#8220;imploded&#8221; tonight.
WaMu was seized by FDIC and sold to JPMC for $1.9B (over $307B in assets).
FDIC has only $45B in the insurance fund.
Short term T bill goes into negative rate in real terms.
Money market, commercial paper markets are tighter by the day.
]]></description>
		<link>http://wuyibing.com/575/a-day-to-remember-2.html</link>
			</item>
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		<title>Two Moving Stories</title>
		<description><![CDATA[Comical tragedies are sure tear jerkers. Encountered two recently:
A Spoild Man (short fiction, the New Yorker)
Reminded me of a few works I read before &#8230; but too tired to remember which ones. Or is it an metaphore of many things in life, including that of the American Dream? The dream was induced by an American, that [...]]]></description>
		<link>http://wuyibing.com/570/two-moving-stories.html</link>
			</item>
	<item>
		<title>Why the Credit Crunch Is Not Quite Over Yet</title>
		<description><![CDATA[Just read another article on WSJ that talks LIBOR: Libor&#8217;s Accuracy Becomes Issue Again 
Looks like there is some &#8220;institutional lying&#8221; going on: the libor rate (short term inter-bank loans, unsecured) is lower than the rate charged by the Federal Reserve through auction facilities (tech. operation, collateralized). The article reasonably speculates that, since libor is [...]]]></description>
		<link>http://wuyibing.com/568/why-the-credit-crunch-is-not-quite-over-yet.html</link>
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		<title>Wall Street Bailout and Externality</title>
		<description><![CDATA[Not that I don&#8217;t have any thing good to do. But I have to say I am furious over the bailout plan. The more I heard about it, the less I like it. The bottom line? I don&#8217;t think Wall Street is contrite enough&#8211;they haven&#8217;t told us exactly what went wrong, why it went so [...]]]></description>
		<link>http://wuyibing.com/564/wall-street-bailout-and-externality.html</link>
			</item>
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		<title>Wedding, EU and East Washington</title>
		<description><![CDATA[Went to Max and Stephanie&#8217;s wedding in Quincy, WA.
Here is what I said on my album log:
Two beautiful people I know got married. Max and Stephanie finally tied the knot on 2008.9.13. It was a lovely day, the ceremony was held in a romantic setting&#8211;in a vineyard overlooking the Columbia. Seeing the two being together [...]]]></description>
		<link>http://wuyibing.com/549/wedding-eu-and-east-washington.html</link>
			</item>
	<item>
		<title>A Funny Movie and More &#8230;</title>
		<description><![CDATA[1. Just watched the movie &#8220;Dirty Rotten Scoundrels&#8220;. Pretty funny, particularly towards the end. Very witty. Everyone performed wonderfully.
2. Still haven&#8217;t figured out whether the Riviera town we visited was Villefranche-Sur-Mer or not?
3. A new word learned: MacGuffin. According to Wiki:
a plot device that motivates the characters or advances the story, but the details of [...]]]></description>
		<link>http://wuyibing.com/547/a-funny-movie-and-more.html</link>
			</item>
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		<title>Another Day in the Financial Crisis of 2007-8</title>
		<description><![CDATA[The Federal government has taken over AIG:
&#8230; the Fed will lend up to $85 billion to AIG, and the U.S. government will effectively get a 79.9% equity stake in the insurer in the form of warrants called equity participation notes. The two-year loan will carry an interest rate of Libor plus 8.5 percentage points.
If AIG [...]]]></description>
		<link>http://wuyibing.com/543/another-day-in-the-financial-crisis-of-2007-8.html</link>
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	<item>
		<title>The Financial Crisis</title>
		<description><![CDATA[Lehman Bro. filed bankruptcy today. ML was sold to BoA yesterday. A.I.G. needed cash infusion (as Lehman did four month ago).
Looking back, when the whole thing started over a year ago, I never thought &#8220;the credit crunch&#8221; would explode into a full blown financial crisis. In terms of personal finance, I escaped the early &#8220;crunch&#8221;, [...]]]></description>
		<link>http://wuyibing.com/536/the-financial-crisis.html</link>
			</item>
	<item>
		<title>The Pop Gay Devil Joke</title>
		<description><![CDATA[Feel like laughing on the floor with this story:
An Italian comedienne who said that Pope Benedict XVI would go to Hell and be tormented by homosexual demons is facing a prison term of up to five years.
First, it is funny to think that Devil has sexual preference at all, or sexuality even exists in the [...]]]></description>
		<link>http://wuyibing.com/527/the-pop-gay-devil-joke.html</link>
			</item>
	<item>
		<title>Sept. 11 Memory</title>
		<description><![CDATA[I can&#8217;t believe it has been 7 years. It was a traumatic moment. Since then, I have been witnessing the country turning vengeful, fear-ridden and more receptive to authoritarianism. Politicians like Guiliani milked the event as if they own a larger piece of the tragedy than the rest of us.
I still remember hearing the news [...]]]></description>
		<link>http://wuyibing.com/524/sept-11-memory.html</link>
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