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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Security, Refugees And European Fiscal Policy
Good lesson.
Japan’s Continual Recession Reveals Something Important About US Consumers
When you inflate assets, the consumer views it as a massive tax. It is a capitalist tax. It would be better for the economy just to give the money to the consumer. Here is something every capitalist should ponder: Ezekiel 16:49"Behold, this was the guilt of your sister Sodom: she and her daughters had arrogance, abundant food and careless ease, but she did not help the poor and needy. 50"Thus they were haughty and committed abominations before Me. Therefore I removed them when I saw it.…
Paris Attacks: There Are Major Implications For Europe
And thing is, Harry, America created the refugees, by creating ISIS and the war on Assad. Sad isn't it? If we are responsible for creating the refugees, we have two choices, we must either take them in or fix Syria so they can go home. Israel won't like it, as they want chaos and regime change. So what will we do?
Paris Attacks: There Are Major Implications For Europe
If you believe in national sovereignty and hate globalism as a doctrine of financial oppression, you have to hate the Euro. As far as ISIS is concerned, McCain spilled the globalist beans like he is accustomed to doing. He said this a year ago: "The Whole National Security Team Recommended Arming ISIS." John McCain
Low Bond Yields Heighten Risk When Rates Rise
I am thinking bond prices won't decline by a large amount, unless the market is rigged. There is massive demand for the long bond as collateral in the derivatives markets. I try to tell people that the elite use bonds as gold, as collateral, and they look at me like I am crazy.
Lies, Damned Lies, Corporate “Earnings” And “Volatile Markets
Lol, brilliant article.
ISIS Is About To Make The Euro Crisis A Lot More Challenging
The refugee crisis is an economic nightmare. I wonder if those who created ISIS who then attacked the Syrians, turning them into refugees, thought about the unintended consequences? "The Whole National Security Team Recommended Arming ISIS." John McCain. Did any of those people think for a moment the pain and dislocation they would cause? I would like to know.
Money: The Blood Of Capitalism Is Clotting
Mises was against speculation? Probably not. And speculation ran rampant when we were on the gold standard. I am confused. :)
The Class War Has Already Started
I am totally disenchanted with this article. Class warfare, as Buffet said, was his class making war on everyone else. Wall Street would rather divide the old from the young. This is quite disturbing, Charles.
French President Closes Borders And Declares State Of Emergency
If America had never gone into the middle east and instituted regime change, there would be no refugees. We listened to Israel and Saudi Arabia and we are in up to our eyeballs. We supported ISIS in the beginning and we must get out of the middle east. Perhaps we can pay Russia to fix the mess we created.