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
Blockchain Technology – What Is It And How Will It Change Your Life?
Just another oppressive system so everything is known about a person, if carried too far. It looks like a demolition of privacy to me.
Bannonomics, Not Trumponomics Will Crush The Economy
The only other option is the issuance of #HelicopterMoney or 100 year #bonds, or perpetual bonds. Perpetual bonds have been issued by the government of the US before.
Higher Interest Rates In 2017?
Nice article, Tom. 100 year bonds are almost helicopter in nature. No one will be around to collect the redemption.
The Last Ride Of The Unemployment Rate
Dr Edward Lambert, who contributes to Talkmarkets has said the business cycle ended at the end of 2014. Jeff, you added still more evidence that this is the case. We are running on fumes.
Why Gold Isn’t Rallying After Trump’s Win
You are the gold experts. But how come there is always a sell off in gold when inflation iS tame? According to Edward Lambert, contributor, inflation is, from a historical perspective, comatose.
Bannonomics, Not Trumponomics Will Crush The Economy
Correction: Duy and Tarullo view. Not Trujillo.
Black Friday Sales Slump As Retail Tracker Admits Holiday Season "Off To A Slow Start", Blames Warm Weather
If the deals don't come, people don't buy. So much for inflation. Dr. Lambert is right!
US Housing Market In Peril As "Increase In Mortgage Rates Has Shocked Consumers"
Crushing the new bubble of house prices is a good thing long term. Rates should not go berzerk though, IMO.
Revisiting The Global Savings Glut Thesis
People are not expecting runaway inflation. Nobody wants to live through the 1970's again.
The Emerging Markets Are About To Feel The Pain Of A Soaring Dollar
If these nations default, as in if #Trump cuts their #imports to the US forcing the defaults, our #banks could be in real trouble. I can't imagine how another credit crisis would help the United States prosper.