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
When Will We Be Freed From Covid-19 Lockdown?
Updage 4: We saw safety measures in the Burger King drive through. The guy who did money at McDonals drive thru didn't even wear gloves. Won't be doing that again.
The Two Easiest Dots Anyone Will Ever Have To Connect
Helicopger money. No more waiting on Trump and McConnell, Mr Powell.
When Will We Be Freed From Covid-19 Lockdown?
Update 3: Wuhan City is free from lockdown. But the open malls and restaurants are empty. Chinese people are afraid. Even if Trump opens society too soon, people will not trust him and will stay away from discretionary businesses.
When Will We Be Freed From Covid-19 Lockdown?
Update 2: It has been reported that 460, 000 Chinese companies closed permanently in the first quarter alone. The world will not be the same after the virus.
Meeting Madness
Even if they cut will it be enough?
When Will We Be Freed From Covid-19 Lockdown?
Update 1: Anecdotal evidence from friend of a friend that people are still partying in New Orleans like Covid does not exist. Street racing, parties and bbq. Meanwhile case numbers are exploding there.
Credit Markets – The Waiting Game
Sobering article.
Johnson Hospitalised And US Futures Inch Higher As Investors Eye Pandemic Peak
The fact that we are containing without flying does not give a great prognosis.
Dave & Buster's Trades Higher On Q4 Earnings
But it is closed? How can it trade up on earnings?
COVID-19 Should Be A Cause For Concern, Not Panic
After the virus hits hard, the too small bailout will bring panic on main street at least.