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
The U.S. Economy Is Stronger Than The Eurozone
But those Euro nations have Covid under control.
This Week’s US Q2 GDP Report Will Be Ugly
The lack of growth is a disappointment he says? Lol. The lack of growth is what happens when you seek a cold war with China and they don't buy your stuff. Who wants to buy stuff from a nation who has a Hitler wanna be as its leader?
To Wear Or Not To Wear: That’s The Question With These Stupid Covid Masks
Where do you live, Mark? Those of us in the real world have to face the risk. The disease is still dangerous. Nobody knows who will get the more severe versions. It is a crap shoot.
To Wear Or Not To Wear: That’s The Question With These Stupid Covid Masks
Disturbing article. Masks are crucial. This disease appears to get stronger in hot spots.Those hot spots could spread. We need to respect the disease.
When It Comes To Economic Suffering, Some Parts Of The U.S. Are Feeling It Far More Than Others
Looting is not the cause of massive unemployment. Most protests in most cities have been peaceful, but recently escalated by body snatching Homeland Security goons.
Is Stimulus Costly?
I think the author's analysis as to why money does not need to get into the hands of average Americans is way too rosy.
More Economic Aid Needed Now To Avert America's COVID-19 Jobs Crisis
There was a Depression, but it was not credit based. Too much debt now. A depression would be devastating.
More Economic Aid Needed Now To Avert America's COVID-19 Jobs Crisis
If Peter says more stimulus is needed we can know that the situation is grave.
Moderna Phase One COVID Test Deemed A Success
So what if these antibodies don't last?
Yield Caps = Toddlers
Collateral needs skew bond yields. Amazing demand continues.