{"id":2267,"date":"2014-09-01T18:01:52","date_gmt":"2014-09-01T18:01:52","guid":{"rendered":"http:\/\/fenello.com\/blog\/?p=2267"},"modified":"2014-09-01T18:01:52","modified_gmt":"2014-09-01T18:01:52","slug":"the-looming-foreclosure-crisis-as-the-fed-runs-out-of-bullets-local-governments-are-stepping-in","status":"publish","type":"post","link":"http:\/\/fenello.com\/oldnews\/proseaction\/?p=2267","title":{"rendered":"The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping In"},"content":{"rendered":"<div class=\"mceItemEmbedly\" style=\"max-width:600px;\" data-ajax=\"{'url':'http:\/\/www.opednews.com\/articles\/The-Looming-Foreclosure-Cr-by-Ellen-Brown-Public-Banking-140707-926.html','width':null,'words':null,'height':null,'embed':'&lt;div class=\\&quot;embedly\\&quot; style=\\&quot;\\&quot;&gt;&lt;img src=\\&quot;http:\/\/www.opednews.com\/populum\/uploaded\/MD-underwater-620x310-7471-2014_07_07_20_30_27-155.jpg\\&quot; class=\\&quot;thumb embedly-thumbnail-small\\&quot; \/&gt;&lt;a class=\\'embedly-title\\' target=\\'_blank\\' href=\\'http:\/\/www.opednews.com\/articles\/The-Looming-Foreclosure-Cr-by-Ellen-Brown-Public-Banking-140707-926.html\\'&gt;OpEdNews Article: Article: The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping In&lt;\/a&gt;Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won\\'t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;span class=\\&quot;embedly-powered\\&quot; style=\\&quot;float:right;display:block\\&quot;&gt;&lt;a target=\\&quot;_blank\\&quot; href=\\&quot;http:\/\/embed.ly\/code?url=http%3A%2F%2Fwww.opednews.com%2Farticles%2FThe-Looming-Foreclosure-Cr-by-Ellen-Brown-Public-Banking-140707-926.html\\&quot; title=\\&quot;Powered by Embedly\\&quot;&gt;&lt;img src=\\&quot;http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\\&quot; alt=\\&quot;Embedly Powered\\&quot; \/&gt;&lt;\/a&gt;&lt;\/span&gt;&lt;div class=\\&quot;media-attribution\\&quot;&gt;&lt;span&gt;via &lt;\/span&gt;&lt;a href=\\&quot;http:\/\/www.opednews.com\\&quot; class=\\&quot;media-attribution-link\\&quot; target=\\&quot;_blank\\&quot;&gt;Opednews&lt;\/a&gt;&lt;\/span&gt;&lt;\/div&gt;&lt;div class=\\&quot;embedly-clear\\&quot;&gt;&lt;\/div&gt;&lt;\/div&gt;'}\">\n<div class=\"embedly\" style=\"\"><img decoding=\"async\" src=\"http:\/\/www.opednews.com\/populum\/uploaded\/MD-underwater-620x310-7471-2014_07_07_20_30_27-155.jpg\" class=\"thumb embedly-thumbnail-small\" \/><a class='embedly-title' target='_blank' href='http:\/\/www.opednews.com\/articles\/The-Looming-Foreclosure-Cr-by-Ellen-Brown-Public-Banking-140707-926.html'>OpEdNews Article: Article: The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping In<\/a>Mortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. The problem might be fixed by a new approach from the Fed. But if the Fed won&#8217;t act, counties will, as seen in the latest developments on eminent domain and litigation over MERS.<\/p>\n<div class=\"embedly-clear\"><\/div>\n<p><span class=\"embedly-powered\" style=\"float:right;display:block\"><a target=\"_blank\" href=\"http:\/\/embed.ly\/code?url=http%3A%2F%2Fwww.opednews.com%2Farticles%2FThe-Looming-Foreclosure-Cr-by-Ellen-Brown-Public-Banking-140707-926.html\" title=\"Powered by Embedly\"><img decoding=\"async\" src=\"http:\/\/static.embed.ly\/images\/logos\/embedly-powered-small-light.png\" alt=\"Embedly Powered\" \/><\/a><\/span><\/p>\n<div class=\"media-attribution\"><span>via <\/span><a href=\"http:\/\/www.opednews.com\" class=\"media-attribution-link\" target=\"_blank\">Opednews<\/a><\/span><\/div>\n<div class=\"embedly-clear\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>OpEdNews Article: Article: The Looming Foreclosure Crisis: As the Fed Runs Out of Bullets, Local Governments Are Stepping InMortgage debt overhang from the housing bust has meant lack of middle-class spending power and consumer demand, preventing the economy from growing. &hellip; <a href=\"http:\/\/fenello.com\/oldnews\/proseaction\/?p=2267\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-2267","post","type-post","status-publish","format-standard","hentry","category-proseaction"],"_links":{"self":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/2267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/comments?post=2267"}],"version-history":[{"count":1,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/2267\/revisions"}],"predecessor-version":[{"id":2268,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/posts\/2267\/revisions\/2268"}],"wp:attachment":[{"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/media?parent=2267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/categories?post=2267"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fenello.com\/oldnews\/wp-json\/wp\/v2\/tags?post=2267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}