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
less
Latest Comments
Trump’s Trade War Is A High-Stakes Gamble
The #tradewar will turn bloody if China bans all US imports. Think that is farfetched? China has already banned all agriculture. Could Trump ban all Chinese imports in retaliation? That would likely drive prices up and crash the stock market. #Trump is playing with fire.
Is China Hoarding Food, Gold And Other Commodities In Anticipation Of A Global Collapse
Ominous warning that Trump is destroying the world economy. Caifornia and midwest farmers are totally shut out. Trump has destroyed trust and he needs to turn that policy around before it is too late.
Wholesale, Inventory, And The Raised Risk Of Recession
The Fed should run tariff man out, then turn data driven once the trade wars end.
Fed Trapped In A Rate-Cutting Box: It's The Debt Stupid
I could see a little dollar decline if there was no trade war. But he is wanting a real dollar decline and a trade war. Risky.
Fed Trapped In A Rate-Cutting Box: It's The Debt Stupid
The Fed may need to slow the economy to avoid weakening of the dollar which is advocated by POTUS45.
Lyft's Quarter Shows Ride-Sharing Market Strength, May Be Good Sign For Uber
Not a result Uber was expecting.
Bonds Are The New FANG
If Trump is serious about pushing toward negative rates the price is far from peaking.
Hotel California
The problem is, rate cuts are not applied to economy, so that real growth happens.
Why You Think Your Devices Are Listening To You
I do think data sets can be valuable in specific industries. Or in a call center where time is wasted identifying products and history of the caller. But as a general rule you are right. We can go, Susan and Carol, into someone's house and an entire conversation can be recorded without our knowledge. That is just going too far.
Having Access To President Trump's Innermost Thoughts Is Killing Traders
Hi Corey. I appreciate your thoughtful response. Unfortunately, the shooter referred to the invasion at the border in his manifesto, according to the NY Times. I am sure Trump's language speaking to the invasion was made for political gain. But POTUS simply lacks understanding regarding the impact his words have on his listeners. It seems to be a criminal lack of understanding in my opinion.