{"id":8686,"date":"2008-09-26T04:59:45","date_gmt":"2008-09-26T04:59:45","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/a_haunting_look_back_to_september_1999\/"},"modified":"2008-09-26T04:59:45","modified_gmt":"2008-09-26T04:59:45","slug":"a_haunting_look_back_to_september_1999","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=8686","title":{"rendered":"A Haunting Look Back to September 1999"},"content":{"rendered":"<p>In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980&#8217;s.<\/p>\n<p>&#8221;From the perspective of many people, including me, this is another thrift industry growing up around us,&#8221; said Peter Wallison a resident fellow at the American Enterprise Institute. &#8221;If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.&#8221;<\/p>\n<p><a href=\"http:\/\/query.nytimes.com\/gst\/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&#038;sec=&#038;spon=&#038;pagewanted=1\">Read it carefully and read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn,<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=8686\">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":[40,149,600],"tags":[],"class_list":["post-8686","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8686","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=8686"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/8686\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}