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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A Dirty Game Of Numbers
Interesting information. Thanks, Chris.
How Do We Goose The Economy, Yet Again?
I always look to the Hoover Dam as being something the private sector alone could not have accomplished. FDR was a great man and saved a lot of households in the USA. I realize libertarians wish to rewrite history with regard to FDR but my parents lived through it, and they knew the truth about FDR and his concern for the real society.
Fear Before Thursday Fed Showdown
Lol, entertaining article. Yellen is a symbol of easy money for Wall Street. But the stock market is most vulnerable to her reasonings.
Shale Oil's "Dirty Little Secret" Has Been Exposed
I wish I could believe it is just Saudi Arabia, but I think it is the US government, who wanted to break Russia and is having a hard time doing so.
Market Talk – September 12, 2015
Certainly your frustration is rightly placed. The system of derivatives has turned the real economy on its head.
Why China's Implosion Matters To The World
The new China policy will be a credit card in every pot. Well, maybe not.
EUR Surges Despite Goldman's Insistence The Bounce Is Over
The Euro remains strong because the Eurozone has a totalitarian control over nations like Greece and Spain and Italy and Portugal, forcing austerity in order for bank privileges. Of course, the ultimate result in a recession will be that these nations' economies will implode, but that doesn't concern Germany and its helpers.
TLT Could Bounce Here, Triple Support Test In Play Says Joe Friday
I believe in the conspiracy of artificial demand for the bond. It should just go up in a straight line, but then the big boys would not want to buy it since they want dips. But the trajectory is up and this is why: www.talkmarkets.com/.../are-bernanke-and-yellen-charlatans-dangling-the-carrot-of-prosperity
We Now Know What Happened At 6:12 AM This Morning
Spoofing, CME fake trading, etc, etc. What is the world coming to?
Are Bernanke And Yellen Charlatans Dangling The Carrot Of Prosperity?
Interesting comment, Kate. Greenspan got the ball rolling, and I see the "slow growth" fed policy, which protects bank positions above all other considerations as being written in stone.