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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It's Time To Pull The Plug On The Shorter's Or Raging Bearish Market-Maker(s)
There is a lot of deleveraging taking place driving markets down as well. Margin call hell.
Las Vegas Pandemic Disappeared. Trump Knew
Update 6: While Trump was not taking the spread of the virus seriously enough, Gavin Newsom is scaring people with talk of Marshall law and 25 million catching the virus.
It's Time To Pull The Plug On The Shorter's Or Raging Bearish Market-Maker(s)
Wow, an advert for Donald Trump. Look, we all hope he gets it right. The only question is if his actions will prove to be too little in the face of mainstreet devastation.
9% Of The US Has Been Laid Off Due To The Coronavirus
Higher job losses in tourist Meccas like Florida and Las Vegas. The government needs to assist, but it may not be enough.
Coronavirus And Trump's Clever Inadequacy
Update 10: Counties with the most cases should be locked down longer. Trump wants to give people money. Should have been helicopter money from the Fed, but from the government the rates are low. And it may not be enough money for desperate families.
Coronavirus And The Empty Chocolate Factory
Update 4: Over 1/2 of the Coronavirus cases are in 10 counties. Shut and wall off those counties. Other places should be allowed to get back to work fairly soon. Maybe 2 weeks for the majority of the nation.
I'm A Coronavirus Heretic. Here's Why...
You are a disturbing human being, Mike. Shutting down old people to lower the median age in a nation is not according to the traditions that made our nation blessed and great.
Buy Stocks If You Don’t See A Depression Coming
The only Depressionary concern is bad collateral backing markets that are devastated by lack of demand. How long that lack of demand is with us will determine the severity of the downturn.
The Spanish Flu – Coo Coo Ca Choo – Stock Market (And Sentiment Results)…
This article is a reasonable assessment. I still wear a mask. The new use of a malaria drug in treatment is hopeful and was just announced.
Las Vegas Pandemic Disappeared. Trump Knew
Update 5: Promising drug used for malaria could treat Coronavirus. Death rate is declining anyway. While I believe risk is declining, I wear a mask to grocery stores.