{"id":1086,"date":"2010-10-20T19:23:16","date_gmt":"2010-10-20T23:23:16","guid":{"rendered":"http:\/\/www.pidradio.com\/?p=1086"},"modified":"2010-10-20T19:23:16","modified_gmt":"2010-10-20T23:23:16","slug":"p-i-d-radio-102010-two-tens-for-a-five","status":"publish","type":"post","link":"https:\/\/www.pidradio.com\/2010\/10\/20\/p-i-d-radio-102010-two-tens-for-a-five\/","title":{"rendered":"P.I.D. Radio 10\/20\/10: Two Tens For a Five"},"content":{"rendered":"<p>THE MORTGAGE foreclosure scandal is taking on epic proportions: the New York Federal Reserve Bank has joined a consortium that&#8217;s <a href=\"http:\/\/www.bloomberg.com\/news\/2010-10-19\/pimco-new-york-fed-said-to-seek-bank-of-america-repurchase-of-mortgages.html\" target=\"_blank\">pressuring Bank of America to buy back bad mortgages<\/a> that were packaged into $47 billion worth of bonds sold by Countrywide Mortgage, now a part of BoA. \u00a0Meanwhile, Bank of America has sued the FDIC over alleged fraud by a failed lender that BoA says double and triple-pledged mortgages on Mortgage Backed Securities.<\/p>\n<p>How does this all play out? We have no idea, but it doesn&#8217;t look good. \u00a0Abbot and Costello illustrate how this whole thing happened in the first place.<\/p>\n<p>Also: a look back at the Pied Piper of Hamelin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE MORTGAGE foreclosure scandal is taking on epic proportions: the New York Federal Reserve Bank has joined a consortium that&#8217;s pressuring Bank of America to buy back bad mortgages that&#8230; <a class=\"read-more-link\" href=\"https:\/\/www.pidradio.com\/2010\/10\/20\/p-i-d-radio-102010-two-tens-for-a-five\/\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[63,70],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p3FLs6-hw","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/posts\/1086"}],"collection":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/comments?post=1086"}],"version-history":[{"count":0,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/posts\/1086\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/media?parent=1086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/categories?post=1086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pidradio.com\/wp-json\/wp\/v2\/tags?post=1086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}