{"id":3136,"date":"2007-12-24T00:00:10","date_gmt":"2007-12-24T00:00:10","guid":{"rendered":"http:\/\/zmetro.com\/?p=3136"},"modified":"2007-12-24T00:00:10","modified_gmt":"2007-12-24T00:00:10","slug":"the_us_subprime","status":"publish","type":"post","link":"http:\/\/www.zmetro.com\/?p=3136","title":{"rendered":"The US sub-prime crisis in graphics"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/news.bbc.co.uk\/nol\/shared\/spl\/hi\/uk\/07\/subprime_mortgage_market\/img\/subprime_tog1b_416.gif\" border=\"1\"><Br><Br><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7073131.stm\">BBC<\/a>: <\/p>\n<blockquote><p><i>The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.<br \/>\nTraditionally, banks have financed their mortgage lending through the deposits they receive from their customers. This has limited the amount of mortgage lending they could do.<br \/>\nIn recent years, banks have moved to a new model where they sell on the mortgages to the bond markets. This has made it much easier to fund additional borrowing,<br \/>\nBut it has also led to abuses as banks no longer have the incentive to check carefully the mortgages they issue. <\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/news.bbc.co.uk\/nol\/shared\/spl\/hi\/uk\/07\/subprime_mortgage_market\/img\/subprime_tog1b_416.gif\" border=\"1\"><Br><Br><a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/7073131.stm\">BBC<\/a>: <\/p>\n<blockquote><p><i>The US sub-prime mortgage crisis has lead to plunging property prices, a slowdown in the US economy, and billions in losses by banks. It stems from a fundamental change in the way mortgages are funded.<br \/>\nTraditionally, banks have financed their mortgage lending through the deposits they receive from their customers. This has limited the amount of mortgage lending they could do.<br \/>\nIn recent years, banks have moved to a new model where they sell on the mortgages to the bond markets. This has made it much easier to fund additional borrowing,<br \/>\nBut it has also led to abuses as banks no longer have the incentive to check carefully the mortgages they issue. <\/i><\/p><\/blockquote>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"_links":{"self":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3136"}],"collection":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3136"}],"version-history":[{"count":0,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/3136\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3136"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}