{"id":508,"date":"2012-03-22T15:02:29","date_gmt":"2012-03-22T20:02:29","guid":{"rendered":"http:\/\/blogs.bu.edu\/ellisrp\/?p=508"},"modified":"2012-03-23T11:30:12","modified_gmt":"2012-03-23T16:30:12","slug":"508","status":"publish","type":"post","link":"https:\/\/blogs.bu.edu\/ellisrp\/2012\/03\/508\/","title":{"rendered":"Major cuts to SEC budget preceded the 2008 recession."},"content":{"rendered":"<p>I emailed a chart similar to the one below (through 2009) to the BUHealth email list in July 2009.<br \/>\nNote how the SEC budget was cut from 2005-2008.<br \/>\nIt was not a surprise that terrible things (Madoff, AIG, Lehman, etc.) became much more of a problem.<\/p>\n<p><img loading=\"lazy\" class=\"alignleft\" src=\"http:\/\/blogs.bu.edu\/ellisrp\/files\/2012\/03\/SEC-Budget-1995-2011.png\" alt=\"\" width=\"512\" height=\"372\" \/><\/p>\n<p>My view is that George W. Bush and the Republican congress caused a lack of oversight by the SEC, which caused the 2008-10 financial crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I emailed a chart similar to the one below (through 2009) to the BUHealth email list in July 2009. Note how the SEC budget was cut from 2005-2008. It was not a surprise that terrible things (Madoff, AIG, Lehman, etc.) became much more of a problem. My view is that George W. Bush and the &hellip; <a href=\"https:\/\/blogs.bu.edu\/ellisrp\/2012\/03\/508\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Major cuts to SEC budget preceded the 2008 recession.<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2755,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7243,72],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/posts\/508"}],"collection":[{"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/users\/2755"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/comments?post=508"}],"version-history":[{"count":17,"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/posts\/508\/revisions"}],"predecessor-version":[{"id":527,"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/posts\/508\/revisions\/527"}],"wp:attachment":[{"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/media?parent=508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/categories?post=508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bu.edu\/ellisrp\/wp-json\/wp\/v2\/tags?post=508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}