{"id":623,"date":"2008-10-05T12:49:41","date_gmt":"2008-10-05T16:49:41","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=623"},"modified":"2008-10-08T10:08:47","modified_gmt":"2008-10-08T14:08:47","slug":"the-credit-crisis-explained","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/05\/the-credit-crisis-explained\/","title":{"rendered":"The Credit Crisis Explained"},"content":{"rendered":"<p><object classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" width=\"425\" height=\"344\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=6,0,40,0\"><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"src\" value=\"http:\/\/www.youtube.com\/v\/SwRFoxgEcHc&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en&amp;fs=1\" \/><\/object><\/p>\n<div>Well there you have it.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Well there you have it.<\/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_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},"jetpack_post_was_ever_published":false},"categories":[198],"tags":[129],"class_list":["post-623","post","type-post","status-publish","format-standard","category-humor","tag-credit-crisis","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-a3","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":469,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/24\/anatomy-of-a-crisis\/","url_meta":{"origin":623,"position":0},"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":444,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/22\/credit-crisis-redux\/","url_meta":{"origin":623,"position":1},"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":383,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/17\/the-democrats-credit-crisis\/","url_meta":{"origin":623,"position":2},"title":"The Democrats Credit Crisis&#8230;","author":"Jeff","date":"September 17, 2008","format":false,"excerpt":"The more I dig into the history behind our current crisis the more outraged I become... Commenter Veretax writes: \"I think the American people have had it with this situation where the middle-income people in our country are not protected from the ramifications of the risk-taking and the greed of\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":381,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/09\/16\/how-did-we-get-here\/","url_meta":{"origin":623,"position":3},"title":"How Did We Get Here?","author":"Jeff","date":"September 16, 2008","format":false,"excerpt":"Ed Morrissey @ Hot Air asks \"Whose policies led to the credit crisis?\" The answer depends on who you ask... Democrats of course blame Republicans and Republicans of course blame Democrats. Personally, I think it's safe to point fingers at both parties and the Federal Reserve Board. The roots of\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":693,"url":"https:\/\/www.jasetaro.com\/blog\/2008\/10\/07\/credit-crisis-chris-shays-comes-out-swinging-at-congress\/","url_meta":{"origin":623,"position":4},"title":"Credit Crisis: Chris Shays Comes Out Swinging At Congress","author":"Jeff","date":"October 7, 2008","format":false,"excerpt":"Democrats in Congress may not want to talk about their roll in causing the subprime meltdown by refusing to regulate Fannie Mae and Freddie Mac but Rep. Christopher Shays (R-Conn) does: H\/T: Hot Air.","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":623,"position":5},"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":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/623","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=623"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}