{"id":11117,"date":"2012-05-27T09:36:24","date_gmt":"2012-05-27T14:36:24","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=11117"},"modified":"2012-06-11T08:10:05","modified_gmt":"2012-06-11T13:10:05","slug":"euro-crisis-may-have-more-devasting-effect-on-us-banks-than-previously-thought","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2012\/05\/27\/euro-crisis-may-have-more-devasting-effect-on-us-banks-than-previously-thought\/","title":{"rendered":"Euro crisis may have more devastating effect on US banks than previously thought"},"content":{"rendered":"<p>At <em>The Real News<\/em> web site, this item is headlined <a title=\"The Real News story\" href=\"http:\/\/therealnews.com\/t2\/index.php?option=com_content&amp;task=view&amp;id=31&amp;Itemid=74&amp;jumival=8343\" target=\"_blank\"><strong>J.P. Morgan Funds Senate Finance Chair, Even Bigger Problem in the Wings<\/strong><\/a>. If you follow the previous link, you will be able to see the video and read a transcript of the interview.\u00a0 It really does start out with the topic they headline, but I think my headline may focus on something even more important that was discussed later.<\/p>\n<div style=\"text-align:center\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/Y2elH4Vy5CU?rel=0\" style=\"border: thick ridge #009900\"  allowfullscreen><\/iframe>\n<\/div>\n<pre>\r\n<\/pre>\n<blockquote><p>\nThomas Ferguson: But the truth is, I think what you&#8217;re learning here is that you can&#8217;t believe anybody&#8217;s assurances that risks are controlled. You can&#8217;t believe the banks themselves. You can&#8217;t believe the regulators. The warning here, I think, is that you&#8217;ve got to devise mechanisms that will prevent this sort of thing from happening, that don&#8217;t rely on just the confidence, however much you repose in a single individual or a bank. And, indeed, the whole cult of the star CEO, the truth is is that nobody seemed to know for much of the last few weeks quite what the real story was\u2014even in the bank, if you believe some of the reporting in the press.<\/p><\/blockquote>\n<pre>\r\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>At The Real News web site, this item is headlined J.P. Morgan Funds Senate Finance Chair, Even Bigger Problem in the Wings. If you follow the previous link, you will be able to see the video and read a transcript of the interview.\u00a0 It really does start out with the topic they headline, but I [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-11117","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=11117"}],"version-history":[{"count":5,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11117\/revisions"}],"predecessor-version":[{"id":11296,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/11117\/revisions\/11296"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=11117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=11117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=11117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}