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
ECB Tapers To 60 Billion To December 2017 – EUR/USD Leaps And Then Crashes
Yellen must be stressing as a rise in rates here will drop the Euro. Great video.
Deutsche Bank Provides "Smoking Gun" Proof Of Massive Rigging And Fraud In The Silver Market
You and us. What a wonderful organization. Not!
What Has Gone Wrong With Oil Prices, Debt, And GDP Growth?
The Fed can always issue base money to the masses. Otherwise, the economic collapse is more likely. Great article!
Did The Turkey And Russian Spat Change The Fake War On ISIS Into The Real Deal?
This article has been vindicated by the Wikileaks emails showing that Turkey's leading family was in on the ISIS #oil deal. Now, it is possible to tamper with emails, but apparently there are many emails. It is up to the experts to determine if this is a valid vindication for those of us who believe that Turkey was involved in #ISIS's funding through oil purchases. oilprice.com/.../...nvolved-In-ISIS-Oil-Trade.html
More Talk About Growth And Globalization
So throwing up a bunch of tariffs will not stop this diabolical new technology. Can anyone argue that nukes are evil technologies? Well, job killers and freedom of finance killers are diabolical as well.
More Talk About Growth And Globalization
Globalization made things worse with easy money, like toxic loans. Governments were not strong enough to prosecute the globalist financial system. But destruction of trade across the board is not the answer. We would be driving poorly functioning cars, had we ignored trade with Japan. That is fact. To me, the real threat now is technology, particularly electric and self driving cars, cashier less stores, cashless societies, and these are the new globalist agendas. These must be rejected.
Our "Gaslight" Financial System
The only way that money could be created is by household's holding base money. But it may take a revolution for helicopter money, not loans or bonds attached, to be considered in times of financial inequality.
Our "Gaslight" Economy
These are great charts. The Republicans could have helped Obama
with more stimulus, but chose political power over helping the economy. Now, #Trump has inherited a mess caused by his own party. If he cannot fix it, he will be fired and that won't be attributed to Russian propaganda, but to his disfunctional party.
Will The Fed Initiate A (Mini) Crisis?
I would be surprised if the #Fed would let the #inflation genie out of the bottle.
Manufacturing Jobs Are Not Coming Back To The U.S.
Business does not realize that destroying the purchasing power of labor comes with a price.