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 The Perils Of The Covid-19 Trade War
The radical right that controls our government is willing to divorce China, and Trump seems to be trying to cash in politically on that line of reasoning. He is also willing to hurt our sovereign ally, the UK.
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E Did China Pandemic Endanger The World For A Deal?
An explosive report from widely read economist Danielle DiMartino Booth has gone viral. Did China endanger the world for a deal?
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E When Will We Be Freed From Covid-19 Lockdown?
Investors will have a difficult time determining the resumption of economic activity. Look for massive volatility in markets possibly stretching out months into the future.
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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.
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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.
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Comments

Latest Comments
The U.S. Economy Is Stronger Than The Eurozone
3 days ago

But those Euro nations have Covid under control.

In this article: FXE, UUP
This Week’s US Q2 GDP Report Will Be Ugly
8 days ago

The lack of growth is a disappointment he says? Lol. The lack of growth is what happens when you seek a cold war with China and they don't buy your stuff. Who wants to buy stuff from a nation who has a Hitler wanna be as its leader?

To Wear Or Not To Wear: That’s The Question With These Stupid Covid Masks
8 days ago

Where do you live, Mark? Those of us in the real world have to face the risk. The disease is still dangerous. Nobody knows who will get the more severe versions. It is a crap shoot.

To Wear Or Not To Wear: That’s The Question With These Stupid Covid Masks
10 days ago

Disturbing article. Masks are crucial. This disease appears to get stronger in hot spots.Those hot spots could spread. We need to respect the disease.

When It Comes To Economic Suffering, Some Parts Of The U.S. Are Feeling It Far More Than Others
10 days ago

Looting is not the cause of massive unemployment. Most protests in most cities have been peaceful, but recently escalated by body snatching Homeland Security goons.

Is Stimulus Costly?
14 days ago

I think the author's analysis as to why money does not need to get into the hands of average Americans is way too rosy.

More Economic Aid Needed Now To Avert America's COVID-19 Jobs Crisis
14 days ago

There was a Depression, but it was not credit based. Too much debt now. A depression would be devastating.

More Economic Aid Needed Now To Avert America's COVID-19 Jobs Crisis
16 days ago

If Peter says more stimulus is needed we can know that the situation is grave.

Moderna Phase One COVID Test Deemed A Success
22 days ago

So what if these antibodies don't last?

In this article: MRNA
Yield Caps = Toddlers
28 days ago

Collateral needs skew bond yields. Amazing demand continues.

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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 9 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