Muckraker of the Financial System

The Fed knew about the housing bubble before it burst but lied and said they didn't: Bill HR 1424 to buy bad paper (eventually called TARP) was introduced in March 9, 2007, before there began to be bad commercial paper from private subprime RE loans, in August.

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ALL CONTRIBUTIONS

E Anxious Consumers, Stock Greed, New Normal And The Fed
Banks are tired, appearing to need a Fed scam, and world growth could hang in the balance. But the New Normal will be protected.
Read
E Trade Wars Are Killing Pandemic Cooperation
Is China our biggest threat, or is Donald Trump a larger threat to economic prosperity?
Read
E The Perils Of The Covid-19 Trade War
The radical right that controls our government is willing to divorce China, and Trump seems to be trying to cash in politically on that line of reasoning. He is also willing to hurt our sovereign ally, the UK.
Read
E Did China Pandemic Endanger The World For A Deal?
An explosive report from widely read economist Danielle DiMartino Booth has gone viral. Did China endanger the world for a deal?
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E When Will We Be Freed From Covid-19 Lockdown?
Investors will have a difficult time determining the resumption of economic activity. Look for massive volatility in markets possibly stretching out months into the future.
Read
E Las Vegas And Covid-19 Weakest Link
Las Vegas needs NYC. But NYC lockdown may take up to three months according to Mnuchin.
Read

Comments

Latest Comments
Anxious Consumers, Stock Greed, New Normal And The Fed
2 days ago

That is a bit paranoid. Google and Apple denied Huawei spying back when all this unfolded. The US just doesn't want to compete. Global prosperity will be the victim. You do know that China bailed the US out of the Great Recession. If they hated us they would not have done that.

What Happens If Trump Refuses To Leave?
2 days ago

The Republic could fail if Trump gets his way.

The Reintroduction Of Globanomics
4 days ago

Interesting article. Single currency would be my only concern.

Economic Forecast 2022-23: Recovery From The Pandemic Recession
5 days ago

Pretty optimistic for the real economy. As long as a third, winter wave of Covid-19 does not hit with force, then this scenario looks good. Otherwise, we will have big problems.

Anxious Consumers, Stock Greed, New Normal And The Fed
6 days ago

Update 1: The Chinese biz model of requiring partnerships is exactly what the US is doing with Oracle/Bytedance. I think it is ok to require it. However, we have to know, China is surpassing the US in many fields. This required partnership with Oracle is just one proof.

FOMC: Hope Now Seems To Be A Strategy
6 days ago

The Fed is not a fan of inflation. The Fed is a fan of business and government being afraid of inflation. It helps banks sell insurance against inflation.

How Successful Were Trump's Tariffs?
6 days ago

Radicals control US trade policy now. Security is an excuse for excluding superior competition

China’s Hole Puzzle
10 days ago

Does China want to gear up as in the past to bail out the USA again? Maybe not this time.

1 to 10 of 3724 comments
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Work Experience

Blogger
Examples of Globalization Blog
2010 - Present (10 years 10 months)

On my blog I discuss the past housing bubble, the crash and future housing bubbles and scams. Offering easy money loans should be against the law but is not. Selling bogus AAA rated bonds should have been prosecuted but the scheme came from the bankers at Basel 2. You can't go higher than that. http://www.examplesofglobalization.com

Education

University of California, Santa Barbara
1967 / 1970
Political Science & Government

Publications