By Shah GilaniContributing Editor Given that the U.S. Federal Reserve is the master of “Three-Card Monte,” can you tell what’s in the cards for short-term interest rates? Three-Card Monte is a confidence game in which manipulation and misdirection are employed as the “mark” tries to guess where the “money card” is among the three facedown […]
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Shah Gilani
Inside Wall Street: That Ticking Sound You Hear Out in the Mortgage Market is the FHA
By Shah GilaniContributing Editor The fundamentals of economic strife based on the disastrous collapse of the U.S. housing market will not get better any time soon. In fact, what's being pushed through both houses of Congress, even as you read this, is so dangerous that it should be immediately abandoned and revealed for what it […]
Inside Wall Street: The Fannie Mae/Freddie Mac Bailout is Necessary - But Don't Expect a Happy Ending
By Shah GilaniContributing Editor It's the end of the "American Dream." It's the story of how the inevitable bailout of insolvent housing giants Fannie Mae (FNM) and Freddie Mac (FRE) – with the Federal Housing Administration soon to follow – will ultimately lead to such sorrowful sequels as "TheDeath of the Dollar," "The Downgrading of […]
Inside Wall Street: The Real Reasons the U.S. Banking System Lost its Way
By Shah Gilani Contributing Editor Unlike Dorothy in "The Wizard of Oz," the brutalized U.S. banking system will never again return to that comfortable, cozy, and cushy capital place it once happily referred to as "home." But its "Wicked Witch" was its own greed. The curtain has finally been pulled back on the machinery, and […]