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	<title>Cezary Salad</title>
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	<link>http://www.cezarysalad.com/blog</link>
	<description>Eat it daily.</description>
	<pubDate>Mon, 10 May 2010 02:12:55 +0000</pubDate>
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		<title>Missed opportunities in Goldman hearing</title>
		<link>http://www.cezarysalad.com/blog/missed-opportunities-in-goldman-hearing/2010/05/08/</link>
		<comments>http://www.cezarysalad.com/blog/missed-opportunities-in-goldman-hearing/2010/05/08/#comments</comments>
		<pubDate>Sun, 09 May 2010 00:31:49 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Business News]]></category>

		<category><![CDATA[Deals & Dealmakers]]></category>

		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Markets]]></category>

		<category><![CDATA[Abacus]]></category>

		<category><![CDATA[Bear Stearns]]></category>

		<category><![CDATA[Carl levin]]></category>

		<category><![CDATA[Chris Dodd]]></category>

		<category><![CDATA[conflicts of interest]]></category>

		<category><![CDATA[Dodd bill]]></category>

		<category><![CDATA[Ed Grebeck]]></category>

		<category><![CDATA[Fabrice Tourre]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[financial reform]]></category>

		<category><![CDATA[Goldman Sachs]]></category>

		<category><![CDATA[Hedge Funds]]></category>

		<category><![CDATA[IKB]]></category>

		<category><![CDATA[investment banking]]></category>

		<category><![CDATA[James Chanos]]></category>

		<category><![CDATA[Lehman Brothers]]></category>

		<category><![CDATA[Lloyd Blankfein]]></category>

		<category><![CDATA[Paulson & Co.]]></category>

		<category><![CDATA[SEC]]></category>

		<category><![CDATA[Senate Subcommittee on Investigations]]></category>

		<category><![CDATA[short selling]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=351</guid>
		<description><![CDATA[On April 27th, the US Senate, power of subpoena in hand, brought to its chambers executives from the world’s most powerful financial firm, Goldman Sachs, to testify on the cause of the biggest financial meltdown in decades – and their role in contributing to the disaster.
Eleven hours of testimony later, comedians had much more material [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/missed-opportunities-in-goldman-hearing/2010/05/08/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Poland&#8217;s second chance</title>
		<link>http://www.cezarysalad.com/blog/polands-second-chance/2010/04/12/</link>
		<comments>http://www.cezarysalad.com/blog/polands-second-chance/2010/04/12/#comments</comments>
		<pubDate>Mon, 12 Apr 2010 04:16:28 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Personal]]></category>

		<category><![CDATA[Philosophy]]></category>

		<category><![CDATA[Travels]]></category>

		<category><![CDATA[Andrzej Wajda]]></category>

		<category><![CDATA[Katyn]]></category>

		<category><![CDATA[Poland]]></category>

		<category><![CDATA[Walesa]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=338</guid>
		<description><![CDATA[It was like a bad dream that kept getting worse.
Just to wake up on Saturday and find out that a plane carrying Poland&#8217;s president, Lech Kaczynski, had crashed, was bad enough; that there were no survivors was even worse; that the 96 other dead included the country&#8217;s top military, financial and political leaders left me [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/polands-second-chance/2010/04/12/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Judicial activism at its finest</title>
		<link>http://www.cezarysalad.com/blog/judicial-activism-at-its-finest/2010/03/07/</link>
		<comments>http://www.cezarysalad.com/blog/judicial-activism-at-its-finest/2010/03/07/#comments</comments>
		<pubDate>Sun, 07 Mar 2010 22:33:33 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[U.S. Politics]]></category>

		<category><![CDATA[Civics]]></category>

		<category><![CDATA[No Child Left Behind]]></category>

		<category><![CDATA[Sandra Day O'Connor]]></category>

		<category><![CDATA[Supreme Court]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=334</guid>
		<description><![CDATA[Ever since I finished my high school civics class, I haven’t much thought about the importance of a civics education; after all, the basics of how our government works – the three branches, checks and balances, how a bill becomes a law – seem so obvious that the very subject shouldn’t perk one’s ear.
Not so [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/judicial-activism-at-its-finest/2010/03/07/feed/</wfw:commentRss>
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		<item>
		<title>Leverage? What leverage?</title>
		<link>http://www.cezarysalad.com/blog/leverage-what-leverage/2009/12/15/</link>
		<comments>http://www.cezarysalad.com/blog/leverage-what-leverage/2009/12/15/#comments</comments>
		<pubDate>Tue, 15 Dec 2009 06:33:03 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Markets]]></category>

		<category><![CDATA[AIG]]></category>

		<category><![CDATA[bailout]]></category>

		<category><![CDATA[Banc of America]]></category>

		<category><![CDATA[banking sector]]></category>

		<category><![CDATA[banks]]></category>

		<category><![CDATA[Ben Bernanke]]></category>

		<category><![CDATA[Citi]]></category>

		<category><![CDATA[Federal Reserve Bank of New York]]></category>

		<category><![CDATA[Goldman Sachs]]></category>

		<category><![CDATA[Hank Paulson]]></category>

		<category><![CDATA[Merrill Lynch]]></category>

		<category><![CDATA[Societe Generale]]></category>

		<category><![CDATA[TARP]]></category>

		<category><![CDATA[Troubled Asset Relief Program]]></category>

		<category><![CDATA[US Economy]]></category>

		<category><![CDATA[US Treasury]]></category>

		<category><![CDATA[Wells Fargo]]></category>

		<category><![CDATA[William Dudley]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=295</guid>
		<description><![CDATA[Open up any paper today and you&#8217;re sure to read something along the lines of &#8220;the government&#8217;s leverage over US banks is weakening&#8221; because so many of them are exiting the Troubled Asset Relief Program (aka the bailout fund). With Citi and Wells Fargo announcing within hours of each other that they will be paying [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/leverage-what-leverage/2009/12/15/feed/</wfw:commentRss>
		</item>
		<item>
		<title>A fallacy of equivocation</title>
		<link>http://www.cezarysalad.com/blog/a-fallacy-of-equivocation/2009/11/30/</link>
		<comments>http://www.cezarysalad.com/blog/a-fallacy-of-equivocation/2009/11/30/#comments</comments>
		<pubDate>Mon, 30 Nov 2009 07:25:14 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Bank of International Settlements]]></category>

		<category><![CDATA[Basel II]]></category>

		<category><![CDATA[CDOs]]></category>

		<category><![CDATA[credit crisis]]></category>

		<category><![CDATA[credit risk]]></category>

		<category><![CDATA[Ed Grebeck]]></category>

		<category><![CDATA[Floyd Norris]]></category>

		<category><![CDATA[MBIA]]></category>

		<category><![CDATA[Merrill Lynch]]></category>

		<category><![CDATA[Moody's]]></category>

		<category><![CDATA[S&P]]></category>

		<category><![CDATA[securitization]]></category>

		<category><![CDATA[The New York Times]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=286</guid>
		<description><![CDATA[It’s rare to pick up the paper on the way to lunch with someone and find a story that prepares you precisely for the conversation you’re about to have. But that’s what happened to me a few days ago when I read the New York Times on the way to a lunchtime meeting with Ed [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/a-fallacy-of-equivocation/2009/11/30/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Critique of Fareed Zakaria&#8217;s &#8220;Boom Times Are Back&#8221;</title>
		<link>http://www.cezarysalad.com/blog/critique-of-fareed-zakarias-boom-times-are-back/2009/06/07/</link>
		<comments>http://www.cezarysalad.com/blog/critique-of-fareed-zakarias-boom-times-are-back/2009/06/07/#comments</comments>
		<pubDate>Mon, 08 Jun 2009 02:58:43 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Markets]]></category>

		<category><![CDATA[Bovespa]]></category>

		<category><![CDATA[Brazil]]></category>

		<category><![CDATA[China]]></category>

		<category><![CDATA[decoupling]]></category>

		<category><![CDATA[Fareed Zakaria]]></category>

		<category><![CDATA[Federal Reserve]]></category>

		<category><![CDATA[India]]></category>

		<category><![CDATA[Indonesia]]></category>

		<category><![CDATA[Newsweek]]></category>

		<category><![CDATA[recession]]></category>

		<category><![CDATA[S&P 500]]></category>

		<category><![CDATA[Sensex]]></category>

		<category><![CDATA[Shanghai Index]]></category>

		<category><![CDATA[The Economist]]></category>

		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=248</guid>
		<description><![CDATA[For anyone interested in emerging markets, the mot juste all of last year was the d-word: “decoupling”. In a nutshell, it’s the theory that emerging economies have gained enough critical mass to chart their own path to growth and prosperity independently of the developed economies in Europe and North America. In other words, a recession [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/critique-of-fareed-zakarias-boom-times-are-back/2009/06/07/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Chanos on the financial crisis (and how it made me think differently)</title>
		<link>http://www.cezarysalad.com/blog/chanos-on-the-financial-crisis-and-how-it-made-me-think-differently/2009/05/17/</link>
		<comments>http://www.cezarysalad.com/blog/chanos-on-the-financial-crisis-and-how-it-made-me-think-differently/2009/05/17/#comments</comments>
		<pubDate>Sun, 17 May 2009 21:15:39 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[CDOs]]></category>

		<category><![CDATA[Ed Grebeck]]></category>

		<category><![CDATA[Enron]]></category>

		<category><![CDATA[FAS 157]]></category>

		<category><![CDATA[Jim Chanos]]></category>

		<category><![CDATA[Kynikos Associates]]></category>

		<category><![CDATA[mark-to-market accounting]]></category>

		<category><![CDATA[structured finance]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=217</guid>
		<description><![CDATA[Everyone has their favorite demon for the financial crisis, whether it’s mortgage originators, rating agencies, banks, the Fed, hedge funds or as some would have it, angry gods.
Then there’s some favorite policies, like mark-to-market accounting, that people like to point to as accuse of exacerbating the crisis and making it worse than it actually is.
Last [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/chanos-on-the-financial-crisis-and-how-it-made-me-think-differently/2009/05/17/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Response to George Soros</title>
		<link>http://www.cezarysalad.com/blog/response-to-george-soros/2009/04/05/</link>
		<comments>http://www.cezarysalad.com/blog/response-to-george-soros/2009/04/05/#comments</comments>
		<pubDate>Sun, 05 Apr 2009 23:14:56 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Markets]]></category>

		<category><![CDATA[Philosophy]]></category>

		<category><![CDATA[bubbles]]></category>

		<category><![CDATA[credit crunch]]></category>

		<category><![CDATA[efficient market hypothesis]]></category>

		<category><![CDATA[George Soros]]></category>

		<category><![CDATA[Plato]]></category>

		<category><![CDATA[Reflexivity]]></category>

		<category><![CDATA[social science]]></category>

		<category><![CDATA[The New Paradigm for Financial Markets: The Credit Crisis of 2008 and What it Means]]></category>

		<category><![CDATA[Thomas Kuhn]]></category>

		<category><![CDATA[Warren Buffet]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=210</guid>
		<description><![CDATA[I posted a new paper under the philosophy section of my blog in response to George Soros&#8217;s new book - The New Paradigm for Financial Markets: the Credit Crisis of 2008 and What it Means. I reproduce it below as a blog post.
Reflecting on Reflexivity
In 1962, a (now famous) philosopher of science named Thomas Kuhn [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/response-to-george-soros/2009/04/05/feed/</wfw:commentRss>
		</item>
		<item>
		<title>A visit to the Mu$eum of American Finance</title>
		<link>http://www.cezarysalad.com/blog/a-visit-to-the-mueum-of-american-finance/2009/03/29/</link>
		<comments>http://www.cezarysalad.com/blog/a-visit-to-the-mueum-of-american-finance/2009/03/29/#comments</comments>
		<pubDate>Mon, 30 Mar 2009 02:10:24 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[Economics]]></category>

		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Markets]]></category>

		<category><![CDATA[Bank of America]]></category>

		<category><![CDATA[bear market]]></category>

		<category><![CDATA[bull market]]></category>

		<category><![CDATA[CNBC]]></category>

		<category><![CDATA[Cornelius Vanderbilt]]></category>

		<category><![CDATA[credit crunch]]></category>

		<category><![CDATA[Erie Railway]]></category>

		<category><![CDATA[George Washington]]></category>

		<category><![CDATA[Grover Cleveland]]></category>

		<category><![CDATA[James Madison]]></category>

		<category><![CDATA[Jay Gould]]></category>

		<category><![CDATA[Jim Cramer]]></category>

		<category><![CDATA[Jon Stewart]]></category>

		<category><![CDATA[Lehman Brothers]]></category>

		<category><![CDATA[money]]></category>

		<category><![CDATA[Museum of American Finance]]></category>

		<category><![CDATA[New York Stock Exchange]]></category>

		<category><![CDATA[Nixon]]></category>

		<category><![CDATA[Salmon Chase]]></category>

		<category><![CDATA[US currency]]></category>

		<category><![CDATA[Wall Street]]></category>

		<category><![CDATA[William McKinley]]></category>

		<category><![CDATA[Woodrow Wilson]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=169</guid>
		<description><![CDATA[Way down in New York&#8217;s financial district, tucked away inconspicuously on the southern end of Wall Street, there&#8217;s a little gem of a museum - the Museum of American Finance - filled with all kinds of goodies from 200+ years of booms and busts on, well, Wall Street.
With $8 admisson and a new exhibit about the credit crisis that [...]]]></description>
		<wfw:commentRss>http://www.cezarysalad.com/blog/a-visit-to-the-mueum-of-american-finance/2009/03/29/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Reflections on Bush&#8217;s Last Day in Office</title>
		<link>http://www.cezarysalad.com/blog/reflections-on-bushs-last-day-in-office/2009/01/19/</link>
		<comments>http://www.cezarysalad.com/blog/reflections-on-bushs-last-day-in-office/2009/01/19/#comments</comments>
		<pubDate>Mon, 19 Jan 2009 15:55:44 +0000</pubDate>
		<dc:creator>Cezary</dc:creator>
		
		<category><![CDATA[U.S. Politics]]></category>

		<category><![CDATA[Bin Laden]]></category>

		<category><![CDATA[Ernest Hemingway]]></category>

		<category><![CDATA[George W. Bush]]></category>

		<category><![CDATA[Iraq]]></category>

		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.cezarysalad.com/blog/?p=164</guid>
		<description><![CDATA[It is surreal to think that today marks George W. Bush&#8217;s last day in office. For most mid-twentysomethings like myself, he is the only U.S. president we&#8217;ve gotten to know as we came of age and formed our outlook on life, politics and . . . well, just about everything else.
For good reasons and bad, [...]]]></description>
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