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
TIPS Spreads Are A Big Problem
Falling NGDP was something the Fed ignored in 2008. I wonder if they will do the same thing now?
Las Vegas Pandemic Disappeared. Trump Knew
James, very high US death rates estimates are, in my opinion, overdone. Now, the financial package to workers may be too small. That could finish Trump.
Las Vegas Pandemic Disappeared. Trump Knew
It is hard to say. I would never vote for him, but if he gives out and showers workers with money, he stands a chance.
Las Vegas Pandemic Disappeared. Trump Knew
That is a broad subject. Governments are forcing crowds into grocery stores. And banks. Stupid!
Las Vegas Pandemic Disappeared. Trump Knew
Update 4: Lack of testing causes panic. No fan of Trump for not getting more testing. That failure undermines his reasonable argument that the death rate is very low in the USA.
I'm A Coronavirus Heretic. Here's Why...
Actually, I believe the 1.7 percent is too high. But without enough testing it cannot be proven. That adds to the panic!
I'm A Coronavirus Heretic. Here's Why...
Lack of testing adds to the panic. I believe the death rate is quite low in the USA. It may even be as low as flu. But lack of testing makes that impossible to prove.
I'm A Coronavirus Heretic. Here's Why...
I am torn, Lady. Let the lockdown go a couple of weeks to slow the virus. But, unless the government is interested in passing down helicopter money, enough is enough. This lockdown is a real hardship for American families.
The 2020 Election Is About Freedom, Not Equality
Trump is a tariff socialist. The idea that Trump is for freedom rings hollow to me. Biden isn't the kind of guy who would shut down big oil. Obama and Trump were and are do nothing presidents. My parents thought FDR was a great man. The greatest generation looked up to him for trying to help the average American. You have a disturbing view of the world, Peter. Free trade is what we want, but what good is free trade if money does not filter down to labor?
I'm A Coronavirus Heretic. Here's Why...
Coronavirus deaths in the US are 1.7 percent.