{"id":193383,"date":"2008-12-19T06:03:00","date_gmt":"2008-12-19T11:03:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/12\/19\/talk-about-the-blind-leading-the-blind\/"},"modified":"2008-12-19T06:03:00","modified_gmt":"2008-12-19T11:03:00","slug":"talk-about-the-blind-leading-the-blind","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/12\/19\/talk-about-the-blind-leading-the-blind\/","title":{"rendered":"Talk About the Blind Leading the Blind"},"content":{"rendered":"<p>It appears that the Federal Reserve is using the same ratings agencies that rated the various subprime and Alt-A mortgage backed securities as AAA to <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601109&amp;sid=ahpPBA8vqN2o&amp;refer=home\">evaluate the collateral offered by financial institutions<\/a>  as a part of the Federal Reserve&#8217;s sh%$pile for cash program.<\/p>\n<p>So, Helicopter Ben is relying on the ratings agencies that called moldering corpses AAA&#8230;.Nice&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It appears that the Federal Reserve is using the same ratings agencies that rated the various subprime and Alt-A mortgage backed securities as AAA to evaluate the collateral offered by financial institutions as a part of the Federal Reserve&#8217;s sh%$pile for cash program. So, Helicopter Ben is relying on the ratings agencies that called moldering &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985,982],"tags":[],"class_list":["post-193383","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193383"}],"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=193383"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193383\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}