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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Dismal Data & Inverting Yields Signal A Recession
I am sure this is motive for repealing Dodd-Frank and protections for consumers. Nobody can lend any money unless they fool the public into thinking they can pay back loans that will be difficult to pay back.
Qatar In The Gutter
Regime changers have capitalized on that fact to make sure more strife has occurred in the Arab world.
Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
That may be. But in the grand scheme of things it won't matter, Carl. But it will destroy our sovereignty, and will cost permanent jobs while creating temp jobs that will soon go away. A quick boom followed by a real bust. I wrote about it here: www.talkmarkets.com/.../trump-and-the-big-renewable-energy-effort
“Oil Is The Fed’s Canary”: Is The Fed “Sleepwalking Into A Policy Mistake”?
The #Fed will help the #banks. They don't care about #oil or #commodities. They probably want a decline in building commodities to offset possible interest rate difficulty for housing, and the lack of workers in the housing market that drive costs up.
Two More Spanish Banks Hit By Contagion: Another Deflationary Bust Coming Up
Just another shortage of #bonds!!!!! And we are not in a bond bubble. There are not enough sound bonds!!! Bad collateral is key to this Euromess just like it was in the subprime financing in 2007.
Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
Except for the UN, those were acts of sovereignty. Maybe the UN was in a way as the US was dominant. But certainly, Paris is a withdrawal of sovereignty. Apples and oranges. Guess we won't agree on this.
Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
I think it is a matter of globalist brainwashing. It probably would never be ratified by congress anyway. This is because most of the land mass of the US, not the population centers, does not trust the direction of globalism and for good reason.
Why The U.S. Pulling Out Of The Paris Accord Was A Real Mistake
According to main stream scientists, global warming cannot be stopped by the Paris Accords. While I am no fan of Trump, odious as he is, if Paris won't work it is stupid to stay in.
Why The Urgency To Raise Rates?
Seems like a flattened yield curve shows regional banks will do worse. But it gives a raise to big banks with higher interest on the excess reserves. So, that is what the Fed and the big banks want, it seems.
Qatar In The Gutter
Well, turns out that CNBC has a report showing that the rift between #SaudiArabia and #Qatar is over #Israel. And if that is the case, it is not unexpected. Saudi Arabia has schmoozed up to Israel in order to avoid being a regime change target once written about by Oded Yinon. Regime change is the official policy of US neocons and of both political parties. It is also an idea hatched by the Israelis. And the Saudi Arabia government has no choice, but to go along for its very survival. www.cnbc.com/.../...e-about-israel-commentary.html