Daily Dispatches

Vietnam discovers that there's gold and 'gold'

Submitted by cpowell on Mon, 2008-09-22 09:05 Section: Daily Dispatches

When Gold Trading Floors Lack Gold

From VietNamNet Bridge
Monday, September 22, 2008

http://english.vietnamnet.vn/biz/2008/09/804952/

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Peter Brimelow: Radical gold bugs gloating but guarded

Submitted by cpowell on Mon, 2008-09-22 01:43 Section: Daily Dispatches

By Peter Brimelow
MarketWatch.com
Monday, September 22, 2008

http://www.marketwatch.com/news/story/peter-brimelow-radical-gold-bugs/s...

NEW YORK -- Radical Goldbugs 1, Financial Establishment 0. However this game ends, the bugs are looking better right now.

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Treasury now ready to buy any bad debt, not just mortgages

Submitted by cpowell on Sun, 2008-09-21 22:28 Section: Daily Dispatches

U.S. Treasury Widens Plan to Buy Bad Debt

By Dawn Kopecki
Bloomberg News
Sunday, November 21, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYXtwpG9mw9g&refer=home

WASHINGTON -- The Bush administration widened the scope of its $700 billion plan to avert a financial meltdown by including assets other than mortgage-related securities.

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Goldman, Morgan Stanley change status to get new Fed loans

Submitted by cpowell on Sun, 2008-09-21 22:21 Section: Daily Dispatches

They too must be in big trouble.

* * *

Last Major Investment Banks Change Status

By Martin Crutsinger
Associated Press
via Yahoo News
Sunday, September 21, 2008

http://news.yahoo.com/s/ap/bank_change

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Treasury's power grab begins to worry Congress

Submitted by cpowell on Sun, 2008-09-21 21:19 Section: Daily Dispatches

Few Limits Proposed for Treasury

Draft Rescue Bill Bars Court Review, Riling Lawmakers

By Jess Bravin
The Wall Street Journal
Monday, September 22, 2008

http://online.wsj.com/article/SB122204156493561237.html?mod=article-outs...

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Dollar may get 'crushed' as traders weigh bailout

Submitted by cpowell on Sun, 2008-09-21 21:09 Section: Daily Dispatches

By Bo Nielsen and Anchalee Worrachate
Bloomberg News
Monday, September 22, 2008

http://www.bloomberg.com/apps/news?pid=20601101&sid=arSYa87HCb9U

U.S. Treasury Secretary Henry Paulson's plan to end the rout in U.S. financial markets may derail the dollar's three-month rally as investors weigh the costs of the rescue.