{"id":1825,"date":"2009-03-27T15:21:08","date_gmt":"2009-03-27T19:21:08","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=1825"},"modified":"2009-03-28T11:01:46","modified_gmt":"2009-03-28T15:01:46","slug":"what-caused-the-finacial-crisis","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/03\/27\/what-caused-the-finacial-crisis\/","title":{"rendered":"What Caused The Finacial Crisis?"},"content":{"rendered":"<p>A lot has been written about greed and mismanagement on Wall Street but that&#8217;s only half the story&#8230; Make no mistake greed and mismanagement played their part but so did government intervention and regulatory policy and that&#8217;s the largely untold story:<\/p>\n<p><object width=\"425\" height=\"344\" data=\"http:\/\/www.youtube.com\/v\/xWqouBvy2sM&amp;hl=en&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999\" type=\"application\/x-shockwave-flash\"><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/xWqouBvy2sM&amp;hl=en&amp;fs=1&amp;color1=0x3a3a3a&amp;color2=0x999999\" \/><param name=\"allowfullscreen\" value=\"true\" \/><\/object><\/p>\n<p><strong>Related<\/strong><\/p>\n<ul>\n<li><a href=\"http:\/\/www.theglobeandmail.com\/servlet\/story\/RTGAM.20090324.wcoibbi25\/BNStory\/specialComment\/?page=rss&amp;id=RTGAM.20090324.wcoibbi25\" target=\"_blank\">Speaking of doom, what if Obama only makes it worse?<\/a> &#8211; John Ibbitson, Globe and Mail<\/li>\n<li><a href=\"http:\/\/online.wsj.com\/article\/SB123811070760052941.html\" target=\"_blank\">Geithner Is Overreaching on Regulatory Power<\/a> &#8211; Francis X. Diebold  and David A. Skeel Jr., Wall Street Journal<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A lot has been written about greed and mismanagement on Wall Street but that&#8217;s only half the story&#8230; Make no mistake greed and mismanagement played their part but so did government intervention and regulatory policy and that&#8217;s the largely untold story: Related Speaking of doom, what if Obama only makes it worse? &#8211; John Ibbitson, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[26,7],"tags":[57,1363,113,114,496,506,541],"class_list":{"0":"post-1825","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"category-politics","8":"tag-barack-obama","9":"tag-economy","10":"tag-fannie-mae","11":"tag-freddie-mac","12":"tag-mortgage-crisis","13":"tag-tim-geithner","14":"tag-wall-street","15":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-tr","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":444,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/22\/credit-crisis-redux\/","url_meta":{"origin":1825,"position":0},"title":"Credit Crisis Redux","author":"Jeff","date":"September 22, 2008","format":false,"excerpt":"Today's Wall Street Journal takes a look at our current credit crisis and how we got here. Among the culprits the Journal identifies: The Federal Reserve. Fannie Mae and Freddie Mac. A credit-rating oligopoly. Banking regulators. The Community Reinvestment Act. The conclude their analisys by thusly: We could cite other\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":562,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/01\/flamethrower-thaddeus-mccotter\/","url_meta":{"origin":1825,"position":1},"title":"Flamethrower: Thaddeus McCotter","author":"Jeff","date":"October 1, 2008","format":false,"excerpt":"It's pure unadulterated demagoguery but it's still a hell of speech! With all due respect Congressman Wall Street didn't cause this problem... They played their part but it was Congress and government regulators who, in the name of affordable housing, compelled banks to write these risky sub-prime loans. It was\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":469,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/24\/anatomy-of-a-crisis\/","url_meta":{"origin":1825,"position":2},"title":"Anatomy of a Crisis","author":"Jeff","date":"September 24, 2008","format":false,"excerpt":"The more I think about the Bush Administration's proposed 700 billion dollar back bailout the madder I get. The \"credit crisis\" wasn't created by by greed and mismanagement on Wall Street. It was created by politicians who thought they could substitute well intentioned politically correct regulation for sound financial practices.\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2486,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/07\/07\/anatomy-of-a-crisis-the-fannie-mae-and-freddie-mac-debacle\/","url_meta":{"origin":1825,"position":3},"title":"Anatomy of a Crisis: The Fannie Mae and Freddie Mac Debacle","author":"Jeff","date":"July 7, 2009","format":false,"excerpt":"Republican members of the House Committee on Oversight and Government Reform have released a report analyzing the role of the government sponsored enterprises (GSE), Fannie Mae and Freddie Mac, in the housing meltdown. You can read the full report here, but here are the highlights: Political pressure led to the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":407,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/18\/are-american-voters-susceptible-to-blackmail\/","url_meta":{"origin":1825,"position":4},"title":"Are American Voters Susceptible To Blackmail?","author":"Jeff","date":"September 18, 2008","format":false,"excerpt":"Daniel Johnson, the editor of Standpoint has an interesting Op-Ed in today's New York Sun: LONDON \u2014 Are American voters susceptible to blackmail? Ever since Sarah Palin lifted John McCain's campaign, it is becoming increasingly clear that America will be branded racist if Europe does not wake up on November\u2026","rel":"","context":"In &quot;Politics&quot;","block_context":{"text":"Politics","link":"https:\/\/www.jasetaro.com\/blog\/category\/politics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1096,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/12\/11\/wsj-congress-whitewashing-fannie-and-freddie\/","url_meta":{"origin":1825,"position":5},"title":"WSJ: Congress Whitewashing Fannie and Freddie","author":"Jeff","date":"December 11, 2008","format":false,"excerpt":"With all the buzz about the Feds corruption probe of Gov. Illinois Rod Blagojevich it's easy for things like this Wall Street Journal column to be missed. Whitewashing Fannie Mae Congress begins its self-absolution campaign. Henry Waxman's House Committee on Oversight and Government Reform met Tuesday to examine \"The Role\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=1825"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/1825\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=1825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=1825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=1825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}