{"id":4480,"date":"2011-11-28T01:23:20","date_gmt":"2011-11-28T06:23:20","guid":{"rendered":"http:\/\/lincolndemocrat.com\/?p=4480"},"modified":"2011-11-28T08:35:15","modified_gmt":"2011-11-28T13:35:15","slug":"banks-worldwide-caused-the-sub-prime-housing-bust","status":"publish","type":"post","link":"https:\/\/lincolndemocrat.com\/?p=4480","title":{"rendered":"Banks (worldwide) caused the sub prime housing bust&#8230;"},"content":{"rendered":"<p>&#8230;Not lending to poor Americans in the ghettos. I can believe <a href=\"http:\/\/www.mckinseyquarterly.com\/newsletters\/chartfocus\/2009_10.htm\">this<\/a>:<\/p>\n<blockquote><p>Indeed, this might be the biggest obstacle to pushing the false narrative. How did U.S. regulations against redlining in inner cities  also cause a boom in Spain, Ireland and Australia? How can we explain the boom occurring in countries that do not have a tax deduction for mortgage interest or government-sponsored enterprises? And why, after nearly a century of mortgage interest deduction in the United States, did it suddenly cause a crisis?<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8230;Not lending to poor Americans in the ghettos. I can believe this: Indeed, this might be the biggest obstacle to pushing the false narrative&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84,83],"tags":[],"_links":{"self":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/4480"}],"collection":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4480"}],"version-history":[{"count":6,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/4480\/revisions"}],"predecessor-version":[{"id":4544,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=\/wp\/v2\/posts\/4480\/revisions\/4544"}],"wp:attachment":[{"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lincolndemocrat.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}