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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Redfin Waves A Red Flag Warning At The Housing Market
I was alerted to the apparent fact that Zillow is buying and selling houses. I am not sure if it means a few markets are really hot or the opposite.
Gold Tumbles Below $1200 In Welcome Sign For Global Contagion
Not sure this is proof that contagion is contained. Maybe people are liquidating leveraged gold positions.
Germany's Economic Minister Calls On Europe To Defy Trump's Iran Sanctions
Donald Trump is becoming more dangerous daily. Wake up Wall Street!
Housing Is Still Affordable In (Many Areas Of) America
The first map is already woefully obsolete. Denver and many other cities are hardly normal anymore.
Tesla Slides On Report It Is Only Now Approaching Potential LBO Investors
Cramer would say flee such a liar, but this is musk. I thought he was a liar from the beginning on many fronts. You have to be a liar to believe in self driving technology to start with. You have to be a liar to put too much stock in AI as well.
Weekend Reading: Why We Don’t Talk Anymore
Hard to argue that Obama was a big problem as to excess spending. Truth of the matter is, had we not seen a flourishing of right wing programs on radio and tv we might not be stuck with Trump now. The right pretty much has ratchetted up the hate, and now even the left has learned how to hate. If any conservatives are worried about Trump, he is a creation of your own making.
Real GDP Per Labor Participant Reveals Truth About Longest Bull Market Since WWII
It should not be obvious that no nation wants a trade war. The USA with Trump at the helm may very well see if it could win a trade war. The author may ultimately be proven correct but that is far from certain.
Tesla Board Confirms It Never Saw LBO "Financing Plan" From Musk
I am not a lawyer, but it is in the public record that the board said its discussion with Musk addressed funding for the deal. That caused the stock to briefly pop. Addressing funding turned out to be a phrase that was interpreted by investors the wrong way for at least a short time. There were no details backing the phrase according to this article.
Tesla Board Confirms It Never Saw LBO "Financing Plan" From Musk
I think the board should be subject to fraud charges if it colluded with Musk to cover for his tweet.
Tesla Board Confirms It Never Saw LBO "Financing Plan" From Musk
So did he lie when he said he had a plan? The SEC will be all over him and lawsuits will abound.