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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History Buffs Take Heed: Democratic Candidates Set To Ruin American Economy
Only in the minds of Texans. Hard to view Biden as ever being a socialist, but he is obviously reaching out to the Sanders camp. He needs them to show up at the ballot box.
High-Yield Bonds: A Financial Crisis Trigger No One’s Looking At
Good warning.
Trump Is Playing With Fire; Coronavirus Update
Update 6: NYC has two new cases of Coronavirus. They have no tracking to other cases or to travel. This is potentially a very dangerous escalation in a very dense city.
Trump Is Playing With Fire; Coronavirus Update
Update 5: Coronavirus has mutated at least once. The new strain could be less dangerous, but still could be deadly.
Putting The Fastest Correction In History Into Context
So how will leverage hold up as NYC is pounded by the virus as it has been infected. If NYC stops it, we have a chance as a nation to limit it. If NYC cannot stop it it could break out elsewhere.
Trump Is Playing With Fire; Coronavirus Update
Update 4: The New York Jewish community and even New York business are in danger as 9 persons have been infected in New York. By DNA I have Ashkenazi 5th and 6th cousins, some who live in NYC and some who I have communicated with. NYC is a dense city. The virus needs to be attacked forcefully there now. Trump may not be there yet as to urgency! My natural father was Iberian, which resulted in my DNA results from 3 companies and Gedmatch. I also have Sephardic cousins, from the Canary Islands to Brazil and more.
Trump Is Playing With Fire; Coronavirus Update
Update 3: After all the ridiculous statements made by Donald Trump, Mike Pence came across as a sober and intelligent alternative. He and the airlines have a plan. I would not say that airline travel is safe although it will be safer to fly in America with serious testing being initiated for flights coming into the USA.
Trump Is Playing With Fire; Coronavirus Update
Update 2: Hong Kong authorities have confirmed a transfer of the Coronavirus to a pet. It is likely that this level of the virus will not spread to humans.
Trump Is Playing With Fire; Coronavirus Update
Correction. The Los Angeles people were allowed to go home. Families could become infected.
Trump Is Playing With Fire; Coronavirus Update
News out of Los Angeles and New York: quarantined patients are not staying quarantined. They are going out into the public and infecting others.