Muckraker of the Financial System

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.

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ALL CONTRIBUTIONS

E Las Vegas And Covid-19 Weakest Link
Las Vegas needs NYC. But NYC lockdown may take up to three months according to Mnuchin.
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E Las Vegas Pandemic Disappeared. Trump Knew
The Coronavirus did not cause an expected pandemic in Las Vegas. Hospitals are quiet. See behaviors differ depending on what parts of town are viewed.
Read
E Coronavirus And The Empty Chocolate Factory
Income in a pandemic may be less disposable. There is a less painful solution for the Federal Reserve Bank.
Read
E Trump Is Playing With Fire; Coronavirus Update
Donald Trump is playing with fire regarding the Coronavirus. Even with the Fed rate cut, there is no confidence-building in the face of a pandemic.
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E Coronavirus And Trump's Clever Inadequacy
A doomsday scenario could hit the USA and Europe. We hope that isn't the case, but researchers paint a bleak picture. US debt and Trump inadequacy is and could hurt our nation in many ways.
Read
E US Government Escalates Trade Hostility
The United States government initiated two troubling escalations against Chinese communications company Huaweii. Is the US turning against free trade and capitalism?
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Comments

Latest Comments
Dave & Buster's Trades Higher On Q4 Earnings
2 days ago

But it is closed? How can it trade up on earnings?

In this article: PLAY
COVID-19 Should Be A Cause For Concern, Not Panic
3 days ago

After the virus hits hard, the too small bailout will bring panic on main street at least.

"There Are Basically No Sales": U.S. Auto Industry Enters Total Collapse As A Result Of Nationwide Lockdown
3 days ago

Really bad news for salesmen. They live with uncertainty when times are good.

Infrastructure Spending Will Not Create Jobs
3 days ago

The trade war will turn Chinese buyers against us. Asia really does not need the US. Other than the need for Fed helicopter money, it is monetary policy that will bring back jobs unless we run into a huge credit crisis.

Economies Won’t Be Able To Recover After Shutdowns
4 days ago

This article looks into the abyss. Tough read but a possible scenario.

MMT Is Now A Reality
4 days ago

This feeble replacement by the Fed may be too small. It does not come close to replacing end demand.

What Does An Infected Leader Mean For A Country's Economy?
5 days ago

Flying seems to create a massive risk for the Coronavirus. That will hurt Las Vegas and Florida who rely on tourists. Trump is infected with something. Apparently not by the virus at this time. He saw his home town with the dead bodies and that has brought the seriousness of the virus to his view. That unfortunately, is what he needed to see.

Central Bankers’ Real Challenge Is To Manage The Yield Curve
5 days ago

Great article. Yield control is for real now. How it works, nuts and bolts would be something helpful from you, Prof. It is a no growth policy, as banks won't lend with zero rates. But at least it keeps things in place. We really need helicopter money if this virus creates a longer slog.

Las Vegas Pandemic Disappeared. Trump Knew
5 days ago

Update 10: The FDA has just approved the malaria drug for treatment of Coronavirus. It is in short supply. Only take it from a physician!

COVID-19 Crash: How China’s Economy May Offer A Glimpse Of The Future
7 days ago

If deaths were higher in China, we should be concerned. But if China beat this, factories will be much safer going forward. We could learn from that.

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PERSONAL BLOG

Latest Posts
UJET Interview With CEO Anand Janefalkar
UJET has cutting edge technology that allows the use of a smartphone app to make the interaction between the customer (caller) and the call center to be much more user friendly.
Socially Responsible Investing As Alex Jones Is Banned
Social investing practitioners would generally be in favor of banning someone who exhibits racial or ethnic hatred against whole groups of people. It is good to look at Facebook and at Google and compare the two with regard to social concerns.
Hitler Economics In The Age Of Trump
There is a case to be made for sovereignty and mutual respect of sovereign nations, but just not in the way that Trump has made it. There is a benign sovereignty and a belligerent and hostile sovereignty. Is POTUS very dangerous or Hitler-lite?
Peter G. Peterson Turned Entitlement Into A Bad Word
Peter G. Peterson was a philanthropist for the wealthy, a reverse Robin Hood
The Cult Of Tesla's Elon Musk
I focus here on Elon Musk, because he is likely the the most powerful cult leader in America, other than perhaps Donald Trump. Elon Musk seems to be able to make outrageous statements and still retain his followers.
Trump Administration's Strange Response To Ford Relocating To China
Trump Embraces Ford Focus production in China when it railed against them being produced in Mexico. Why is this?
It Is Getting Serious With POTUS: Deep State Versus Russia Connection
It appears that Steve Bannon is now courting favor of the White House. I wrote about how radical he is as he has espoused a libertarian economic agenda on steroids.
The Curse Of Trump Is In Cutting Back On The Poor
The United States is a prosperous nation. But attacking the poor is not the way to remain prosperous. It has been tried before with disastrous results.

Work Experience

Blogger
Examples of Globalization Blog
2010 - Present (10 years 5 months)

On my blog I discuss the past housing bubble, the crash and future housing bubbles and scams. Offering easy money loans should be against the law but is not. Selling bogus AAA rated bonds should have been prosecuted but the scheme came from the bankers at Basel 2. You can't go higher than that. http://www.examplesofglobalization.com

Education

University of California, Santa Barbara
1967 / 1970
Political Science & Government

Publications