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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Investment Bank Analysts Are Clueless And Incompetent
Wow, cool analysis. The analysts are either incompetent, Econmatters, or they are deliberately trying to get more mileage out of positions they have already taken. That is my conspiratorial take on it anyway.
Jewish Trust Sues Deutsche Bank For $3 Billion
This bank could teach our big banks a thing or two about how to deceive customers. Assuming the lawsuit has legs, what is wrong with this institution? What drives them to this sort of behavior?
Jewish Trust Sues Deutsche Bank For $3 Billion
This bank could teach our big banks a thing or two about how to deceive customers. Assuming the lawsuit has legs, what is wrong with this institution? What drives them to this sort of behavior?
Multi-Family Housing Starts Jump 57%, Single-Family Starts Decline 4%: What’s Going On?
Nice to see a chart that proves the frugality of millennials. That makes some bankers nervous. But the millennials only know real estate can go down as well as up, so, they are a reflection of banker abuse of the generations preceding themselves.
Populism: The Danger? What About Debt?
Supply side "populism" is not really populism. It is the elite's fake response to populism. It is status quo and fools everyone into thinking that the elite are working to fix things for the regular guy. Your article is correct, the bailouts of the busts are mainly for the elite and they will never say their ideas are wrong. Same for the Great Depression. Trickle up didn't work then either.
Dropping Prices Bodes Well For Waymo's Driverless Car Technology
Also, if you live in Del Webb you may as well pay less for a golf cart.
Dropping Prices Bodes Well For Waymo's Driverless Car Technology
In California you have to have a steering wheel. That will be the trend. This thing will stop on yellow and some Las Vegas drivers will probably do to it what they do to under powered mopeds. I won't go into the details. It just would not fly in Vegas. I would not ride in one in Las Vegas.
January 2017 Beige Book: Reading Between The Lines - Little Change In The Rate Of Growth
Hey Steven, this time they even used the word "slight". It is not like sleight of hand, but more like inconsiderable. And no, some businesses like Sears will not be adding growth elsewhere. The Fed is a hoot. Only the whole picture is not so funny.
Off To An Interesting Start
Most people I talk to fear #Trump's instability. He has not helped himself with his relentless tweets as his enemy list seems to grow almost daily. What issues I agree with him about are on the back burner. His economics is reckless at best.
Is The Biggest Treasury Drawdown In History Imminent? The "Bond Shock" Story Refuses To Go Away
So, tantrums can be tried, but once yields go too high, a financial event will crash it all.