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
Germany Gives List Of 10,000+ Greeks With Swiss Accounts
So, this article confuses me. I don't want the world economy broken, but Greece wealthy people should pay their share of taxes. I realize that the rich in most nations are getting away with dodging taxes, and if that is the way that world prosperity is built it is a sick, sick, world.
The Financial Phenomenon Of Debt Lag
Debt is like a hangover that lasts for days.
The Kingdom Offers Less Oil
Petroleum is the only commodity that is sensitive to war issues. Things are heating up in the middle east. Lower oil prices are a goal of western policy, but are by no means a done deal.
ISIS: Oil As A Strategic Weapon
Interesting that ISIS gained a foothold in Syrian oil fields in 2013. That was just a year after McCain said we funded them. It is on video.Then we have an ex CIA leader saying we didn't destroy ISIS oil for environmental reasons. I don't buy that. The war on ISIS is fake.
The ECB Prepares Its Next Assault In The War On Cash
Actually, libertarians deregulated banking to such an extent that bankers have the upper hand. Extreme socialism is what happens when libertarians seek and gain deregulation of bankers.
2015: The Last Christmas In America
Debt is used as gold. So, maybe it can go longer than some think.
The 'Fog Of War'
Yes, Russia made it impossible for the US to continue its fake war on ISIS without looking like a kid caught with his hand in the cookie jar. But I bet the US will maintain ISIS by shooing it away from certain war zones with leaflets. Wait, they already did that: www.talkmarkets.com/.../is-america-fighting-a-phony-war-on-isis-think-about-oil
No Serious Financial Repercussions From The Paris Attacks? Don't Be Too Sure
That is why the US keeps ISIS alive. It is their means of controlling the supply of oil if it were to be necessary to boost commodity prices. It is a dark and evil policy, but it is the policy.
Strengthening Defenses
"the Civilized World has finally hit the end of the 'denial road', and is being pushed (ironically by France more so than Russia) into stopping any pretense of seriously engaging the enemy;" You wonder if even that will be enough to get America to destroy ISIS's Toyota trucks, Gene. Lol.
If Markets Get Goose For Thanksgiving
So, you want a war on Islam, when in reality our policy has been regime change, not a war on terror? Don't forget, Gene, we armed ISIS, and we foster terror, not a war on terror.