{"id":58237,"date":"2016-04-05T06:00:42","date_gmt":"2016-04-05T11:00:42","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=58237"},"modified":"2016-04-04T12:11:06","modified_gmt":"2016-04-04T17:11:06","slug":"what-could-possibly-go-wrong-3","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=58237","title":{"rendered":"What Could Possibly Go Wrong?"},"content":{"rendered":"<p>Obama apparently had so much fun during the original Housing Bubble, he&#8217;s <a href=\"https:\/\/www.washingtonpost.com\/business\/economy\/obama-administration-pushes-banks-to-make-home-loans-to-people-with-weaker-credit\/2013\/04\/02\/a8b4370c-9aef-11e2-a941-a19bce7af755_story.html\">setting up another<\/a>.<\/p>\n<blockquote><p>President Obama\u2019s economic advisers and outside experts say\u00a0the nation\u2019s much-celebrated housing rebound is <a href=\"http:\/\/www.federalreserve.gov\/newsevents\/speech\/duke20130308a.htm\" target=\"_blank\">leaving too many people behind<\/a>, including young people looking to buy their first homes and individuals with credit records weakened by the recession.<\/p>\n<p>In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs \u2014 including those offered by the Federal Housing Administration \u2014 that insure home loans against default.<\/p>\n<p>Housing officials are urging the Justice Department to provide assurances to banks, which have become increasingly cautious, that they will not face legal or financial recriminations if they make loans to riskier borrowers who meet government standards but later default.<\/p><\/blockquote>\n<p>Read: \u00a0Again, the government will socialize the risk, while privatizing the rewards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Obama apparently had so much fun during the original Housing Bubble, he&#8217;s setting up another. President Obama\u2019s economic advisers and outside experts say\u00a0the nation\u2019s much-celebrated housing rebound is leaving too many people behind, including young people looking to buy their first homes and individuals with credit records weakened by the recession. In response, administration officials [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,68],"tags":[],"class_list":["post-58237","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-capitalism-v-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58237"}],"version-history":[{"count":1,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58237\/revisions"}],"predecessor-version":[{"id":58238,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/58237\/revisions\/58238"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58237"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}