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Daily Dispatches
Fed joins Bank of England in denying junk mortgage purchase plan
Submitted by cpowell on Sat, 2008-03-22 19:50 Section: Daily DispatchesBy Sumeet Desai and Tim Ahmann
Reuters
Saturday, March 22, 2008
http://www.reuters.com/article/ousiv/idUSL2240948020080322
The Federal Reserve and Bank of England denied a report on Saturday that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis.
Ed Steer on last week's smashing of gold and silver
Submitted by cpowell on Sat, 2008-03-22 14:52 Section: Daily Dispatches2:50p ET Saturday, March 22, 2008
Dear Friend of GATA and Gold:
We're all hungry for incisive commentary on last week's smashing of gold and silver, and we probably won't do better than what's provided by GATA board member Ed Steer at the conclusion of Doug Casey's Daily Resource Plus letter for Friday. It's appended.
James Turk: Paper vs. metal
Submitted by cpowell on Sat, 2008-03-22 14:30 Section: Daily Dispatches2:21p ET Saturday, March 22, 2008
Dear Friend of GATA and Gold:
Emirs take pity for now but dollar's dominance is ending
Submitted by cpowell on Sat, 2008-03-22 11:08 Section: Daily DispatchesBy Fabrice Taylor
The Globe & Mail, Toronto
Saturday, March 22, 2008
http://www.theglobeandmail.com/servlet/story/LAC.20080322.RTAKINGSTOCK22...
Bank of England denies mortgage purchase plan
Submitted by cpowell on Sat, 2008-03-22 11:01 Section: Daily DispatchesBy Sumeet Desai, Mark Potter, and Peter Graff
Reuters
Saturday, March 22, 2008
http://www.reuters.com/article/companyNews/idUSL2246240120080322
LONDON -- The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis.
Banker scolds Bank of England: Damn moral hazard, send us more cash
Submitted by cpowell on Sat, 2008-03-22 00:40 Section: Daily DispatchesGovernor Must Do More
to Assist Banks, Burt Says
By Christine Seib
The Times, London
Saturday, March 22, 2008
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...
The former deputy chairman of HBOS accused the Bank of England yesterday of failing to support British banks through the global credit crisis.
Central banks plot mass purchase of junk mortgages
Submitted by cpowell on Sat, 2008-03-22 00:12 Section: Daily DispatchesCentral Banks Float Rescue Ideas
By Chris Giles and Krishna Guha
Financial Times, London
Friday, March 21, 2008
http://www.ft.com/cms/s/0/a233faa2-f789-11dc-ac40-000077b07658.html?ncli...
Fed, Wall Street might not survive these questions on Bear deal
Submitted by cpowell on Fri, 2008-03-21 11:43 Section: Daily DispatchesQuestions Abound on Bear Stears Buyout
By Martha Graybow
Reuters
Thursday, March 20, 2008
http://www.reuters.com/article/ousiv/idUSN1438930520080320
NEW YORK -- Stunned Bear Stearns shareholders who saw investments virtually wiped out overnight when a takeover deal with JPMorgan Chase was unveiled are demanding to know how it was put together in the first place.
Southeast Asian central banks meet about dollar
Submitted by cpowell on Fri, 2008-03-21 11:34 Section: Daily DispatchesBy Muhamad al Azhari and Andreas Ismar
Reuters
via The Guardian, London
http://www.guardian.co.uk/feedarticle?id=7401992
JAKARTA, Indonesia -- Southeast Asian central bank governors, plus South Korea and Taiwan, will discuss financial market uncertainty and dollar weakness at a meeting in Jakarta starting today, Indonesian central bank officials said.
A bailout for the dollar too?
Submitted by cpowell on Fri, 2008-03-21 11:26 Section: Daily DispatchesFears about the greenback
are building, but currency
experts say a bailout by
central banks isn't likely.
By David Ellis
CNNMoney.com
Friday, March 21, 2008
http://money.cnn.com/2008/03/21/markets/dollar/index.htm?
NEW YORK -- Could the dollar be next in line for a bailout?
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