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. I have published on two other ...
more 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. I have published on two other prominent financial websites, Seekingalpha.com (as Gary A) and at Businessinsider.com. I muckrake the banking system and found premeditated causes for the housing bubble and subsequent meltdown. I am married with 4 grown children.
Specialties: Impacts of politics on the economy, interpreting economists, writing about the negative impact of some aspects of globalization and pros and cons of the new normal. I don't like tariff wars. Email bgamall at gmail
less
Latest Comments
US Banks Haven’t Behaved Like This Since 2009
So true. And Moon, the Fed has protected its banks, but not mainstreet. Eventually, a sick mainstreet impacts the banks.
Meng's Arrest Vs. The Rule Of Law
Update 3: Will Meng be allowed to leave Canada for China or will our out of control POTUS use her as a bargaining chip if she is extradited to the USA? Must not be too easy to win a trade war if you need hostages to do so, right Mr Trump? @realDonaldTrump
Huawei Executive’s Arrest Draws International Attention
Yes, Mark, great reporting. Can you imagine how long a plan would last brokered with Meng as a hostage? Boycotts have already begun over Canadian goose clothing. Canada needs to let her out of the country, to show Trudeau doesn't hate prosperity like Trump hates prosperity.
Australian Property Boom Mean Reverting
Australia has some pretty unusual loans if what I read is true.
"Collateral Damage": Canada Goose Shares Fall 20% As Chinese Consumer Boycott Threatens Sales
Canada is some kind of stupid. I realize that the nation is trying to follow law, but it is following the law of a rogue nation, the USA, which has zero credibility on Iran since it left the treaty. That makes the US "law" just an exercise in power, not in law.
‘Paris’ Technocrats Face Another Drop
Helicopter money is the only answer to this worldwide malaise: www.talkmarkets.com/.../kyle-bass-says-helicopter-money-is-the-only-way-out
Euro Forecast Weakens As Paris Riots Threaten Macron Presidency
The way some nations are more favored than others in the Eurozone gets to the root of the injustice and unfairness of what amounts to a totalitarian system. Nice work, Daily FX.
A New Wrinkle In The U.S.-China Trade Dispute
Anything "might" be used for espionage by anybody. We have to do better than that, Frank.
Meng's Arrest Vs. The Rule Of Law
Update 2: Former Canadian diplomat detained by China. This is just the beginning of retaliation on the part of China over the Meng arrest.
Positive Trade Headlines Provide A Boost
Cutting tariffs and requiring partnerships to do business in China are vastly different concepts. China will cut tariffs, but 1. That doesn't mean Chinese will buy American and 2. It doesn't mean the Chinese won't give up legal means of gaining technological knowhow.