{"id":46593,"date":"2014-10-28T16:00:00","date_gmt":"2014-10-28T16:00:00","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_fears_grow_over_qes_toxic_legacy\/"},"modified":"2014-10-28T16:00:00","modified_gmt":"2014-10-28T16:00:00","slug":"ft_fears_grow_over_qes_toxic_legacy","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=46593","title":{"rendered":"(FT) Fears grow over Quantitative Easing\u2019s toxic legacy"},"content":{"rendered":"<p>\u201cBankruptcy? Repossession? Charge-offs? Buy the car YOU deserve,\u201d\u009d says the banner at the top of the Washington Auto Credit website. A stock photo of a woman with a beaming smile is overlaid with the promise of \u201c100% guaranteed credit approval\u201d\u009d.<\/p>\n<p>On Wall Street they are smiling too, salivating over the prospect of borrowers taking Washington Auto Credit up on its enticing offer of auto financing. Every car loan advanced to a high-risk, subprime borrower can be bundled into bonds that are then sold on to yield-hungry investors.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/aad9b71c-4d83-11e4-9683-00144feab7de.html?ftcamp=published_links%2Frss%2Fhome_us%2Ffeed%2F%2Fproduct&#038;siteedition=intl\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cBankruptcy? Repossession? Charge-offs? Buy the car YOU deserve,\u201d\u009d says the banner at the top of the Washington Auto Credit website. A stock photo of a woman with a beaming smile is overlaid with the promise of \u201c100% guaranteed credit approval\u201d\u009d.<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=46593\">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":[40,149,168,671,593,585,596,584,34],"tags":[],"class_list":["post-46593","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-ethics-moral-theology","category-federal-reserve","category-personal-finance","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/46593","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=46593"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/46593\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}