{"id":188154,"date":"2010-12-01T20:04:00","date_gmt":"2010-12-02T01:04:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/01\/quote-of-the-day-231\/"},"modified":"2010-12-01T20:04:00","modified_gmt":"2010-12-02T01:04:00","slug":"quote-of-the-day-231","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/12\/01\/quote-of-the-day-231\/","title":{"rendered":"Quote of the Day"},"content":{"rendered":"<p>Courtesy of <a href=\"http:\/\/www.ourfuture.org\/blog-entry\/2010124801\/fed-audit-post-bofa-citi-bailout\">Zach Carter<\/a>:<\/p>\n<blockquote style=\"color: blue;\"><p>So Paul Krugman&#8217;s prediction of zombie banks creating a drag on the economy has not come true. The reality is, in fact, much worse. Krugman foresaw zombie banks that didn&#8217;t lend due to capital concerns, preventing the recovery from getting off the ground. We&#8217;re seeing plenty of that, but we&#8217;re also seeing zombie banks actively prey on the economy through the foreclosure process in an effort to repair their balance sheets. The zombie banks aren&#8217;t just failing to boost the economy, they&#8217;re actively sabotaging it.<\/p><\/blockquote>\n<p>Go read the rest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy of Zach Carter: So Paul Krugman&#8217;s prediction of zombie banks creating a drag on the economy has not come true. The reality is, in fact, much worse. Krugman foresaw zombie banks that didn&#8217;t lend due to capital concerns, preventing the recovery from getting off the ground. We&#8217;re seeing plenty of that, but we&#8217;re also &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,969,1004,1002],"tags":[],"class_list":["post-188154","post","type-post","status-publish","format-standard","hentry","category-corruption","category-evil","category-finance","category-good-writing"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188154"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=188154"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/188154\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=188154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=188154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=188154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}