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
less
Latest Comments
Non-GAAP Trade: To Hit Phase One Targets, China May Count Hong Kong Trade, Buy Ethanol
Trump no longer trusts the American consumer and wants China to wash away all our problems. That means Trump wants the USA to be even more dependent on China. But China will likely not deliver.
Market’s Like An Overstuffed Pastrami On Rye
All the US has going for it is the stock market. If we divorce China even that will be in trouble. I believe the US will become more reckless towards China if Trump wins a second term.
Trade Deals Are About Increasing Protectionist Barriers
Seems like Dean got out of bed on the wrong side. He is attacking trade war Trump and the free traders as well. Maybe he should make up his mind. As far as his EU position is concerned, same thing. I will say trade wars don't work and the Fed has pruned wages in the past, regardless of free trade! Free trade builds wealth. The alternative is smaller economies. What does Dean really want? I don't know.
What Is Trump Up To With All This Tariff Talk
I think they are . So does Krugman. He said Trump lost. That loss will stick in his craw. If he is reelected I think Trump will divorce China. Again, hoping that does not happen.
What Is Trump Up To With All This Tariff Talk
Trump got very little from China. He really is stalling. He wants to divorce China if he wins the election. That is my opinion until, hopefully, he proves me and others wrong!
Trade Deals Are About Increasing Protectionist Barriers
I will have to answer you later. This is a complex article so I will review it later Susan.
What Is Trump Up To With All This Tariff Talk
I cannot believe China will stop tech transfers. It is not against international law. It won't be a change in Chinese law.
What Is Trump Up To With All This Tariff Talk
Please clarify.
Looks Like We’re Getting A Deal After All, But Trade War Not Over Yet
Who could possibly view Trump as a dealmaker?
Lighthizer Confirms China Pledged $40BN In Ag Buys Next Year, There Is Just One Problem...
Trump is trying to salvage what we had before the trade war. He is a loser, but America loses all because he is an idiot in chief