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
Huawei Executive’s Arrest Draws International Attention
But she would have not had to do so if the US had not broken from the world community to go rogue on Iran. So, guilty of what?
Huawei Executive’s Arrest Draws International Attention
Please tell me Jon, that you will at least remain sceptical of US motives and UScomprehension of international law. www.talkmarkets.com/.../mengs-arrest-vs-the-rule-of-law
Huawei CFO's Husband Offers $11 Million Bail In Cash & Homes
Canada needs to stop being Trump's lapdog. Otherwise Canada and the USA will suffer severe economic distress.
Despite What Wall Street Tells You, Actual Jobs Data Gives Fed No Reason To Slow Tightening
Wages have been below trend for so long that running a little hot cannot hurt. Wage increases have been hotter.
Huawei Executive’s Arrest Draws International Attention
It only is fraud if the underlying crime is real. Since the US is not a part of the international legal treaty regarding Iran, and is a rogue nation, there is no crime in selling to Iran.
Meng's Arrest Vs. The Rule Of Law
Update, Apple could be squeezed out of China. Are we winning yet?
GoPro Shares Will Move Most US-Bound Production Out Of China
This will be great until GoPro ends up losing billions of potential Asian customers just to gain a few hundred million potntial US customers.
Meng's Arrest Vs. The Rule Of Law
One more point, Ms Angry, one could interpret the arrest of Meng as an act of war. We as a nation have become over the top rogue. As much as it pains me to say it, many citizens of other nations are boycotting America, and stories like this will not give them reason to embrace the USA or its products.
Dollar Slides After Goldman Capitulates, Pulls March Rate Hike Forecast
Well, maybe the ECB can avoid tariff wars and keep zero growth humming. Lol. But I doubt it.
Meng's Arrest Vs. The Rule Of Law
Interesting point of view, but the majority of nations signing the treaty disagree. We are the rogue nation.