{"id":606,"date":"2008-09-26T11:59:54","date_gmt":"2008-09-26T15:59:54","guid":{"rendered":"http:\/\/www.bohls.org\/?p=606"},"modified":"2008-09-26T11:59:54","modified_gmt":"2008-09-26T15:59:54","slug":"give-it-up-for-peter-wallison","status":"publish","type":"post","link":"http:\/\/www.bohls.org\/blog\/2008\/09\/26\/give-it-up-for-peter-wallison\/","title":{"rendered":"Give it up for Peter Wallison"},"content":{"rendered":"<p>From the <em>New York Times<\/em>, September 30, 1999, <strong>Fannie Mae Eases Credit To Aid Mortgage Lending<\/strong> by Stephen A. Holmes:<\/p>\n<blockquote><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><\/blockquote>\n<p>Full article <a href=\"http:\/\/query.nytimes.com\/gst\/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&amp;sec=&amp;spon=&amp;pagewanted=print\">here<\/a>.<\/p>\n<p>(<a href=\"http:\/\/corner.nationalreview.com\/post\/?q=YTYzODgwOTIwODkyY2E2NjkyZWU5MmFhYzY5ODJmOTg=\">h\/t<\/a> The Corner)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From the New York Times, September 30, 1999, Fannie Mae Eases Credit To Aid Mortgage Lending by Stephen A. Holmes: 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 &hellip; <a href=\"http:\/\/www.bohls.org\/blog\/2008\/09\/26\/give-it-up-for-peter-wallison\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Give it up for Peter Wallison<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-606","post","type-post","status-publish","format-standard","hentry","category-life"],"_links":{"self":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/posts\/606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/comments?post=606"}],"version-history":[{"count":0,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/posts\/606\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/media?parent=606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/categories?post=606"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.bohls.org\/blog\/wp-json\/wp\/v2\/tags?post=606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}