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
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Latest Comments
How Central Banks And Lockdowns Are Making The Crisis Worse
I accept Libertarian free trade in opposition to trade wars. But doing nothing when the economy is crumbling is pure Libertarian irresponsibility in action!
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Herd immunity is proving defective in Sweden. Cases are at a high rate there.
Why No Democrat Will Admit The Truth About COVID-19
It has been corrected.
Why No Democrat Will Admit The Truth About COVID-19
This is not my article. I do not agree with it at all.
Why No Democrat Will Admit The Truth About COVID-19
This is not my post. Not sure why it is attributed to me.
Why A 'Prolonged Recession' Might Not Be Terrible For Investors
Once asset prices start falling some events could be out of the Fed's hands.
Risking An Investment War With China
Trump is a major threat to financial stability.
The Road To A Post-Corona Boom - Part 1
Sub minimum wage jobs would not be in high demand. Costs too much to get to work. Not financially practical at all.
The Road To A Post-Corona Boom - Part 1
But making widgets for a less than assistance wage is better done in China where the cost of living is lower. It is more efficient. If labor cannot afford to buy what is produced it means trouble. By the way; if it weren't for the Fed and Chinese buying assets over the years we would have a lower cost of living.
The Road To A Post-Corona Boom - Part 1
You almost make the case that there is too much money at the top. If that is the case, paying less than minimum wage seems unnecessary.