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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U.S. Government Is Going To Monitor All Your Financial Transactions Very Soon
So, cashless society, gun control and electric self driven cars will cause a totalitarian nation and world for the globalists. I am a liberal for gun rights, like JFK was. He was our last truly sovereign nation president.
U.S. Government Is Going To Monitor All Your Financial Transactions Very Soon
Well written about the possible cashless society. One can hope it doesn't happen. However, fiat money is backed by the bonds a country has and defaults on those bonds. So, the US has never defaulted and the bonds have great demand as collateral for derivatives. Fiat money does not have to be cashless. Stopping the use of long bonds as collateral for derivatives deals would be a way to prevent it.
Comexodus: JPMorgan's Vault Is One Withdrawal Away From Running Out Of Deliverable Gold
So, the gold is now leveraged as derivatives collateral and in some other place?
WTI Crude Just Plunged Back To Unchanged After White House Un-Supports Lifting Crude Export Ban
Risk on and consumers are screwed if our oil is used for export when years after years we were told we were dependent on foreign oil and shouldn't be.
The Fed Is Waging Jihad Against Savers And Retirees
I wish the author would explain the inevitability of long interest rates rising. They didn't rise after QE stopped. They are negative in Europe. Interest rates used to be 2 to 4 percent above inflation, but that was before massive demand for bonds in the derivatives clearing houses. You don't include that new event in your analysis, and I wish you would Peter.
The Republic Of The Congo Could Be The Next Big Story Due To Russia
Our bankers screw nations with colonial attitudes, and our own people with liar loans, and then wonder why no one wants to play ball with them anymore. This is the perfect example: www.talkmarkets.com/.../desperate-banker-attacks-on-millennials-via-media-are-ramping-up
Positioning Bonds Along The Yield Curve For A Fed Funds Rate Increase
I am no investment adviser, but I do know European investors are buying bonds for the price appreciation even as interest rates turn negative.
U.S. Bull Market Highly Dependent On This European Stock Index
One bull market in the world. Wow.
To JPM, Both A Rate Hike And A Delay Would Be Bullish For Stocks
Sacrificing the real economy to protect broke banks is nothing new, but sad when it happens.
China Announces SOE Shakeup: Too Little Too Late To Matter
Wow, selling bad stocks to your people is just as bad as making toxic loans to your own countrymen like the shadow banks did in the last decade.