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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Hedge Fund CIO: "This Bubble’s Gonna Be A Big One... Real Big"
These people's fear of China is truly irrational. Based on fear of their own shadow, it is hard to take them seriously on anything.
The Corporate Debt Stories Show People Still Don’t Understand The Great Recession
A heloc is a home equity line of credit. These were stopped, credit access blocked, as banks pulled back and were the final housing crash dagger.
The Corporate Debt Stories Show People Still Don’t Understand The Great Recession
Great article. But the Fed could have done some things to try to replace demand loss from the housing crash. And it could have guaranteed helocs,, which failure was the final dagger. And finally, the Fed tightened with IOER. That brought a decline in manufacuring wages. So the government could have acted but chose not to.
Just When You Thought It Couldn’t Get Any More Ridiculous
Between central bankers and Trump, our economy is in the hands of buffoons.
Hold My Beer
Lol, that was entertaining. Making love with a crocodile. Too funny.
Kroger: The Top Grocery Stock For 2019
I am not interested in casherless stores. Even self checkout has a guide to deal with vegatables.
Fed Pledges Economic Support, Sending Equities Soaring
The stock market is celebrating a global slowdown. They just got finished celebrating a Trump tariff deal that didn't happen. Looks like rope a dope to me.
Brace For Impact: Italy Poised To Launch Euro Parallel Currency
The Eurozone is flawed. Everyone knows it. It is not a left right issue. It is an issue of common sense. One size fits all currency does not work for all the sovereign nations In the Eurozone.
The Highs In Gold Are Ahead Of Us
I am confused. First Craig says the supply of dollars is too great with not enough demand. But then he turns around and says dollars cannot be created fast enough. Which is it, author? This is why you have to be concerned with gold bugs, imo.
Will Trump Be A One-Term President Because Of Mexican Tariffs?
If Trump's goal is to get auto makers to come back to the USA for parts now made in Mexico he is risking an auto industry Depression. He is crazy. He will play golf while Rome burns.