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Daily Dispatches

James Turk: Does the buck stop here?

Section: Daily Dispatches

9:17p ET Sunday, September 7, 2008

Dear Friend of GATA and Gold:

U.S. poised to grab more financial reins

Section: Daily Dispatches

U.S. Poised to Grab
More Financial Reins

Mortgage Bailout
Marks the Return
Of Federal Activism

By Bob Davis and Jon Hilsenrath
The Wall Street Journal
Monday, September 8, 2008

Treasury will buy billions in Freddie and Fannie bonds

Section: Daily Dispatches

U.S. Unveils Takeover of Two Mortgage Giants

By Edmund L. Andrews
The New York Times
Sunday, September 7, 2008

http://www.nytimes.com/2008/09/08/business/08fannie.html?_r=1&hp=&adxnnl...

U.S. nationalizes Freddie, Fannie, wiping out shareholders

Section: Daily Dispatches

By Glenn Somerville
Reuters
Sunday, September 7, 2008

http://www.reuters.com/article/newsOne/idUSN0527106320080907

WASHINGTON -- The U.S. government announced on Sunday that it was taking control of troubled mortgage finance giants Fannie Mae and Freddie Mac, effectively wiping out shareholders' interest in the publicly traded companies.

Al Korelin interviews Ed Steer of Casey Research and GATA

Section: Daily Dispatches

10:02p ET Saturday, September 6, 2008

Dear Friend of GATA and Gold:

Al Korelin of the Korelin Economics Report has once again interviewed Casey Research analyst Ed Steer, a member of GATA's Board of Directors, about the increasingly crazy conditions of the financial markets. The interview is about 6 1/2 minutes long and you can listen to it at the Korelin site here:

Huge rise in the price of food in Britain

Section: Daily Dispatches

By Jon Swaine
The Telegraph, London
Friday, September 5, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/05/bcnfoo...

Supermarket food prices are soaring, with the price of key items rising at several times the rate of inflation, figures show.

NYTimes: Freddie, Fannie shareholders to be wiped out

Section: Daily Dispatches

U.S. Rescue Seen at Hand for 2 Mortgage Giants

By Stephen Labaton and Andrew Ross Sorkin
The New York Times
Saturday, September 6, 2008

http://www.nytimes.com/2008/09/06/business/06fannie.html?_r=1&hp&o

U.S. near deal on Fannie, Freddie

Section: Daily Dispatches

Options Include Injecting
Capital in Mortgage Giants;
Management Shakeup Coming

By Deborah Solomon and Damian Paletta
The Wall Street Journal
Saturday, September 6, 2008

http://online.wsj.com/article/SB122064650145404781.html?mod=hpp_us_whats...

Toni Straka: Dichotomy in Western European gold and silver prices

Section: Daily Dispatches

8:51a ET Friday, September 5, 2008

Dear Friend of GATA and Gold:

The growing contrast between the prices of commodity exchange gold and silver and actual silver is examined by Toni Straka, editor of The Prudent Investor, in commentary posted at 24hGold, "Dichotomy in Western European Gold and Silver Prices," which you can find here:

Indian customers lured by gold's lower price

Section: Daily Dispatches

By Javier Blas and Shyamantha Asokan
Financial Times, London
Friday, September 5, 2008

http://www.ft.com/cms/s/0/89cfe296-7aba-11dd-adbe-000077b07658.html?ncli...

LONDON -- Gold demand in India is booming as retail consumers in the yellow metal's biggest importer return to the market after a 20 per cent fall in the price of bullion.

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