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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West Point Prof Bradford Says If You Oppose The War On Terror You Are The Enemy
Author's note: Americans were conned by the War on Terror, which masked the real war, Regime Change. And most Americans fell for it, lock, stock and barrel.
If You Don’t Learn…
Wow, Samuelson and Cramer all said things were fine, if I remember correctly. Conspiracy? I believe it!
Central Banks Will Not Be Able To Halt This Economic Collapse
This effort to make the economy look like it is growing when it isn't is a conspiracy. It isn't an accident, nor is it a mistake. It is a conspiracy just like our war on terror is the conspiracy that hides regime change in the middle east: Hiding the real policy, no growth behind fake growth is the same as hiding the real policy of regime change behind a fake war on terror: www.talkmarkets.com/.../west-point-prof-bradford-says-if-you-oppose-the-war-on-terror-you-are-the-enemy
Criminal Investigations Into JPMorgan Compound Our Worry For This Stock
While they are investigating this, perhaps they could investigate Henry Paulson for spreading massive amounts of MBSs, and also Tim Geithner for looking the other way as president of the NY Fed. Amazing that they both got rewarded with the position of Treasury Secretary. They are sophisticated fraudsters. Geithner's time with the Fed corresponded to the spread of these bogus MBSs.
This Car Company Gave Its Customers The Ultimate Insult
Our regulators need to step it up. Seems like they are dragging their feet with this fraud called Volkswagen.
Why Gold Has A Real Return – The Definitive Gibson’s Paradox Solution
That is something to consider, Moon.
What Will Happen To Corporate Profits If The Fed Hikes In December
The consumer has been weak for some time. Now the rich consumers are pulling back.
The U.S. Dollar Has Already Caused A Global Recession And Now The Fed Is Going To Make It Worse
Why do other nations borrow from US banks when this is often the result? Americans have suffered from a weak dollar, and now, because of continuing banker irresponsibility, we have to trash the dollar again? I don't think so.
Swapping Gifts
Nice confirmation of what could be true, that interest rates for treasuries should be lower and maybe are manipulated higher.
Great News, Wall Street: The Economy Is Coming Unglued
Nice sarcasm. Interest rates need to be raised even if there is no strength in the economy because bankers may not want the American people to hate them if negative interest rates are ever considered in a big downturn. They need a cushion to prevent negative rates in the future.