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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Here’s When The Coronavirus Sell-Off Will End
Wall Street wants to start up small biz. There is a problem with this virus. First, healthy people are spreading it. Second, healthy people are not being tested!
Las Vegas And Covid-19 Weakest Link
They were in China. The problem with this disease is it is spread by healthy people and we aren't even testing healthy people. Think about it.
Las Vegas And Covid-19 Weakest Link
Update 4: #notdying4wallstreet Roubini believes that the lockdown should continue a couple of months to squash the virus. A bigger aid package. We know Wall Street cannot dictate the solution. If it makes a mistake Roubini says the virus could explode making it far worse.
Las Vegas And Covid-19 Weakest Link
Update 3: This pretty much sums it up: #notwillingtodieforWallAtreet Shame on you Scott Wapner.
Will The Economy Recover Quickly?
Trump thinks minimal aid is all that is necessary. The reason is that he wants business up and running in two weeks. That is only possible if NYC and other hotspots are contained. Tightwad Trump needs to empty the moneybags.
Helicopter Money: Short-Term Relief Won't Cure Our Financial Disease
Real Helicopter money is not open natured. Everyone confuses helicopter money with ubi. Helicopter money is from the Fed balance sheet and is a one off!!!
Las Vegas And Covid-19 Weakest Link
Update 2: Donald Trump wants to reopen American business in two weeks. But he would be foolish to do so until NYC and three or fout other hotspots are controlled.
Here’s When The Coronavirus Sell-Off Will End
Yes, over the big biz slush fund. They need to split the cash to mainstreet from the other issues.
Here’s When The Coronavirus Sell-Off Will End
I can't see Trump waiting that long. But he needs to show patience. Thanks.
Las Vegas And Covid-19 Weakest Link
Update 1: Congress is failing the American people. The cash sent to mainstreet should be separated out and sent immediately. The slush fund for big biz should be accessible only to those who prove they use the money to pay salaries with it. Clawback requirements for noncompliance should be fierce and punitive.