{"id":9721,"date":"2008-11-21T17:53:10","date_gmt":"2008-11-21T17:53:10","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/floyd_norris_investors_cry_for_more_intervention_but_so_far_in_vain\/"},"modified":"2008-11-21T17:53:10","modified_gmt":"2008-11-21T17:53:10","slug":"floyd_norris_investors_cry_for_more_intervention_but_so_far_in_vain","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=9721","title":{"rendered":"Floyd Norris: Investors Cry for More Intervention, but so Far in Vain"},"content":{"rendered":"<p>As Americans await the arrival of a new administration in Washington, investors are worrying whether the financial system is again in the danger zone.<\/p>\n<p>With the stock market plunging and the credit market entering a new freeze, cries are being heard for a new government intervention to prop up major financial institutions before President-elect Barack Obama takes office.<\/p>\n<p>\u201cWe can\u2019t get from here to Feb. 1 if the current \u201d\u02dcwho\u2019s in charge?\u2019 situation continues,\u201d\u009d said Robert Barbera, the chief economist of ITG, an investment firm, arguing that Congress should adopt a stimulus package, including temporary tax cuts, as rapidly as possible. Instead, he said, Washington seems paralyzed.<\/p>\n<p><a href=\"http:\/\/www.nytimes.com\/2008\/11\/21\/business\/economy\/21norris.html?hp\">Read it all from the front page of this morning&#8217;s New York Times<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Americans await the arrival of a new administration in Washington, investors are worrying whether the financial system is again in the danger zone. With the stock market plunging and the credit market entering a new freeze, cries are being<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=9721\">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":[40,149,151,599,596],"tags":[],"class_list":["post-9721","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-politics-in-general","category-stock-market","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9721","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=9721"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9721\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}