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<channel>
	<title>Peter Pays Paul</title>
	
	<link>http://blog.pmaclennan.com</link>
	<description>Inside commercial hard money lending.</description>
	<pubDate>Sat, 22 Nov 2008 01:11:48 +0000</pubDate>
	<generator>http://wordpress.org/?v=2.6.3</generator>
	<language>en</language>
			<geo:lat>37.905924</geo:lat><geo:long>-122.058589</geo:long><creativeCommons:license>http://creativecommons.org/licenses/by-nc-nd/2.0/</creativeCommons:license><atom10:link xmlns:atom10="http://www.w3.org/2005/Atom" rel="self" href="http://feeds.feedburner.com/PeterPaysPaul" type="application/rss+xml" /><feedburner:emailServiceId>834836</feedburner:emailServiceId><feedburner:feedburnerHostname>http://www.feedburner.com</feedburner:feedburnerHostname><item>
		<title>There’s No Such Thing as a “Free Lunch”</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/461358659/</link>
		<comments>http://blog.pmaclennan.com/2008/11/21/theres-no-such-thing-as-a-free-lunch/#comments</comments>
		<pubDate>Sat, 22 Nov 2008 01:11:48 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Life-in-General]]></category>

		<category><![CDATA[Consequences]]></category>

		<category><![CDATA[Government]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/?p=275</guid>
		
			<content:encoded><![CDATA[This article is very important read for all citizens to realize the costs associated with our benefit programs. Somebody always pays the price, and usually it is us.
Children are selfish. Not because...<br/>
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		<item>
		<title>Less Jobs in California Could Stress Commercial Real Estate</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/461351758/</link>
		<comments>http://blog.pmaclennan.com/2008/11/21/less-jobs-in-california-could-stress-commercial-real-estate/#comments</comments>
		<pubDate>Sat, 22 Nov 2008 00:49:16 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Commercial Real Estate]]></category>

		<category><![CDATA[Credit Crisis]]></category>

		<category><![CDATA[California]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/?p=271</guid>
		
			<content:encoded><![CDATA[The AP is reporting today that California&#8217;s jobless numbers jumped to 8.2% this month, a 14 year high. 
Subprime&#8217;s Impact
Much of the unemployment is related to the collapse of the...<br/>
<br/>
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		<item>
		<title>Fear Gripping Commercial Real Estate</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/461000057/</link>
		<comments>http://blog.pmaclennan.com/2008/11/21/fear-gripping-commercial-real-estate/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 18:01:39 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Commercial Mortgages]]></category>

		<category><![CDATA[Commercial Real Estate]]></category>

		<category><![CDATA[Credit Crisis]]></category>

		<category><![CDATA[Real Estate]]></category>

		<category><![CDATA[Real Estate Finance]]></category>

		<category><![CDATA[Commercial Loan]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/?p=265</guid>
		
			<content:encoded><![CDATA[Diana Olick outlines some of the issues that are causing jitters in the commercial real estate world.
&#8220;As the market is now deteriorating, as vacancy rates are rising and as asking rents are...<br/>
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		<item>
		<title>Signs of the Times: Citigroup considering selling itself</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/460330271/</link>
		<comments>http://blog.pmaclennan.com/2008/11/20/signs-of-the-times-citigroup-considering-selling-itself/#comments</comments>
		<pubDate>Fri, 21 Nov 2008 04:02:19 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/2008/11/20/signs-of-the-times-citigroup-considering-selling-itself/</guid>
		
			<content:encoded><![CDATA[SAN FRANCISCO (MarketWatch) &#8212; Citigroup Inc. is considering auctioning off parts of the firm or selling the company outright, according to a media report late Thursday. The online edition of...<br/>
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		<item>
		<title>Bankrupting the Middle East?</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/459974304/</link>
		<comments>http://blog.pmaclennan.com/2008/11/20/bankrupting-the-middle-east/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 20:22:47 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Investing]]></category>

		<category><![CDATA[Banking]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/?p=260</guid>
		
			<content:encoded><![CDATA[Is this part of an insidious plan to force the Middle East to kowtow to the U.S. by having them throw money after companies swirling around the drain?
Saudi Prince Alwaleed bin Talal plans to support...<br/>
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		<item>
		<title>Bay Area Home Prices Falling</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/459956560/</link>
		<comments>http://blog.pmaclennan.com/2008/11/20/bay-area-home-prices-falling/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 20:09:47 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Life-in-General]]></category>

		<category><![CDATA[Real Estate]]></category>

		<category><![CDATA[Bay Area]]></category>

		<category><![CDATA[California]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/2008/11/20/bay-area-home-prices-falling/</guid>
		
			<content:encoded><![CDATA[I think home prices are coming back to reality.
Despite an increasingly uncertain economy, thousands of homebuyers around San Francisco Bay kept snatching up foreclosed homes last month, dragging...<br/>
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		<item>
		<title>FDIC Is Setting Up Shop in Irvine</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/459018938/</link>
		<comments>http://blog.pmaclennan.com/2008/11/19/fdic-is-setting-up-shop-in-irvine/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 01:11:57 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Commercial Real Estate]]></category>

		<category><![CDATA[Credit Crisis]]></category>

		<category><![CDATA[California]]></category>

		<category><![CDATA[FDIC]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/2008/11/19/fdic-is-setting-up-shop-in-irvine/</guid>
		
			<content:encoded><![CDATA[The FDIC has leased 200,000 square feet of space in Irvine. I wonder if this is a sign of things to come or just a coincidence?
FDIC to open temporary office in Irvine - Los Angeles Times.
(HT:...<br/>
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		<item>
		<title>Calculated Risk: More Bad News for Commercial Real Estate</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/459014365/</link>
		<comments>http://blog.pmaclennan.com/2008/11/19/calculated-risk-more-bad-news-for-commercial-real-estate/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 01:04:50 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Commercial Real Estate]]></category>

		<category><![CDATA[Credit Crisis]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/2008/11/19/calculated-risk-more-bad-news-for-commercial-real-estate/</guid>
		
			<content:encoded><![CDATA[There are a couple of key points:
# as vacancies are rising, rents are falling - and any commercial loan based on a overly optimistic (added) &#34;pro forma&#34; analysis is in jeopardy of default.
#...<br/>
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		<item>
		<title>Some Things are More Important Than Wealth</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/458734450/</link>
		<comments>http://blog.pmaclennan.com/2008/11/19/some-things-are-more-important-than-wealth/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 19:30:05 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Finance]]></category>

		<category><![CDATA[Hard Money]]></category>

		<category><![CDATA[Life-in-General]]></category>

		<category><![CDATA[Consequences]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/?p=245</guid>
		
			<content:encoded><![CDATA[Yesterday I posted about the SF Chronicle article that argued in favor of gaming the system to get lower payments on your mortgage.
I realized as I was at home and with friends that from the title of...<br/>
<br/>
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		<item>
		<title>You Might Want To Think About Stopping Your Mortgage Payments and Reducing Your Income</title>
		<link>http://feeds.feedburner.com/~r/PeterPaysPaul/~3/457813578/</link>
		<comments>http://blog.pmaclennan.com/2008/11/18/you-might-want-to-think-about-stopping-your-mortgage-payments-and-reducing-your-income/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 01:02:03 +0000</pubDate>
		<dc:creator>Peter Maclennan</dc:creator>
		
		<category><![CDATA[Credit Crisis]]></category>

		<category><![CDATA[Distressed Property]]></category>

		<category><![CDATA[Real Estate]]></category>

		<category><![CDATA[Consequences]]></category>

		<category><![CDATA[Government]]></category>

		<guid isPermaLink="false">http://blog.pmaclennan.com/?p=242</guid>
		
			<content:encoded><![CDATA[I&#8217;ve written before about the government&#8217;s unintended consequences. 
Today we read:
As we mentioned yesterday, a bit of a fight has broken out over whether it is irresponsible for...<br/>
<br/>
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