{"id":11635,"date":"2009-03-10T15:00:50","date_gmt":"2009-03-10T15:00:50","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/liaquat_ahamed_subprime_europe\/"},"modified":"2009-03-10T15:00:50","modified_gmt":"2009-03-10T15:00:50","slug":"liaquat_ahamed_subprime_europe","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11635","title":{"rendered":"Liaquat Ahamed: Subprime Europe"},"content":{"rendered":"<p>The 1931 collapse of the Austrian bank Creditanstalt provoked financial panic across Europe and almost single-handedly turned a bad downturn into the Great Depression.<\/p>\n<p>Last week, when I read about the brewing European banking crisis, I suddenly began to dread that history might be repeating itself.<\/p>\n<p>You might think that my worries are a bit late. After all, losses on subprime mortgages in the United States have already caused a Depression-like banking collapse.<\/p>\n<p>Well, believe it or not, Europe&#8217;s current crisis is scarier.<\/p>\n<p><a href=\"http:\/\/www.iht.com\/bin\/printfriendly.php?id=20701875\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 1931 collapse of the Austrian bank Creditanstalt provoked financial panic across Europe and almost single-handedly turned a bad downturn into the Great Depression. Last week, when I read about the brewing European banking crisis, I suddenly began to dread<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11635\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,447,595,149,200,119,585,596],"tags":[],"class_list":["post-11635","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-eastern-europe","category-credit-markets","category-economy","category-europe","category-globalization","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11635"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11635\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}