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
A Weird Outcome Of The Fed’s Money Printing
This is a clever way of removing debt. But these bonds are already in demand and are scarce due to their use as collateral. There aren't enough bonds to go around. So, negative rates result. Great article. How negative can we go, Rodney, before it gets serious? Negative 5 percent or so? How much can depositors tolerate?
EU Officials To Unveil 'Ultimatum' Blueprint As Final Solution For European Super-State
The Brits would never have gone along with the Single European State as I wrote here, yesterday: www.talkmarkets.com/.../currency-hegemony-gdp-growth-and-why-brexit-was-good-for-the-uk But your article is a good confirmation of it. Lay the superstate out on the table instead of sneaking around. If nobody wants it, then everybody go home.
A Classic Case Of Failed Socialism: What’s Next After The Brexit?
The issue is not between socialism and capitalism. It is between sovereignty and empire. Empire took a hit. I agree that the EU is slow growth, but so is the USA. Slow growth happens by plan, because of massive demand for bonds as collateral in derivatives markets. All this new demand is having an effect of everything. Used to be, central banks could raise interest rates if the economies overheated. But now, they can't or it would hurt the collateral, trillions of dollars of it.
Sell Bank Of America: Company Continues To Be Huge ATM Machine For Government
Wow, the very bank that exposed the Fed for mispricing risk, was mispricing risk? Sad.
Will The Market Break? Keep An Eye On This For The Answer
So, why would experts see advantage in remaining when there are a couple of proofs here showing advantages in Brexiting: www.talkmarkets.com/.../currency-hegemony-gdp-growth-and-why-brexit-was-good-for-the-uk
Why Did The UK Enter The EU In The First Place?
Lol, there is more to it than that but it is a funny and interesting concept.
Brexit Briefings
Slome, I have poked around some sources regarding the pros and cons of the Brits leaving the Eurozone, and currency hegemony is certainly an issue as I just published here: www.talkmarkets.com/.../currency-hegemony-gdp-growth-and-why-brexit-was-good-for-the-uk
Brexit Panic-Monger Osborne To Make Statement "To Calm Markets"
Reminds me of Condi Rice's Mushroom Clouds. What fearmongers. So, the real fear is paying for the Euro's failure. Germany just wanted another deep pocket so it wouldn't have to pay anybody anything.
Brexit Briefings
Yes the Euro Union is not the Eurozone. However, wasn't it understood that the UK would be accepting the Euro, and the Eurozone, had it stayed in the Euro Union? Thanks for the links.
Economic Consequences Of Brexit
And keep in mind these are legal immigrants.