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
What Recovery? 9.4 Million More Americans Below Poverty Line Than Pre-Crisis
James, hope you saw this. The Fed has doomed America without these changes: www.talkmarkets.com/.../will-fed-and-central-bankers-give-up-alchemy-to-save-the-world
George Soros Demands EU Accept 1 Million Refugees (Costing €15 Billion) Per Year For Foreseeable Future
George W Bush and Barak Obama broke the middle east. We are responsible. We should take the refugees. It is our fault. And Israel wanted regime change. It is an old israeli doctrine. They should take refugees as well. Wouldn't that be a hoot?
American Voters Craving REAL Economic Change
Without this change, it may be unlikely that there will be any change, Valuewalk: www.talkmarkets.com/.../will-fed-and-central-bankers-give-up-alchemy-to-save-the-world
Dear Janet Yellen, Here Is All You Need To Know About The US Economy: True Unemployment Is Over 12%
So, massive unemployment, the Fed paying the banks interest on excess reserves so they won't lend, no ability to raise rates if the economy overheats so don't even kindle it. And failure as a result to raise interest rates.25 percent shows we are headed toward economic totalitarianism and a negative interest rate, cashless society.
Can Volkswagen Survive The Cheating Scandal?
This doesn't count all the people who will stop buying VW's.
US On The Ropes: China To Join Russian Military In Syria While Iraq Strikes Intel Deal With Moscow, Tehran
They all read Oded Yinon and figured out the neocon plan. It isn't rocket science. It is obvious that Russia and China have national interests at odds with our neocons. I never thought our neocons really cared about our national interest much anyway. And Russia and China have international law on their hands, because they aren't seeking regime change.
Apple ICar: Will It Be A Success Like IPhone?
The more items on a car that are electronically controlled, the more problems you have with the car. That is fact. And the more chance the car can be hacked. I would not buy one in a million years.
North Atlantic Record Cold Blob Emerges
I hope you guys don't get too cold up there this winter!
Volkswagen Scandal May Mark The German Economic Decline Into 2015.75
I believe that there sometimes is immediate or near immediate payback in life. Germany's treatment of Greece has simply been awful. Maybe this is payback time.
Japan Has Dropped Back Into Deflation
I am sorry, the Halloween season. But yes, bearish as well. That is pretty scary too with interest rates so close to zero. Summers and the negative interest rate cashless people will be making a lot of noise going forward, IMO.