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Daily Dispatches
Dollar's nosedive stirs joint intervention jitters
Submitted by cpowell on Mon, 2008-03-17 11:39 Section: Daily DispatchesBy Satomi Noguchi
Reuters
Monday, March 17, 2008
http://www.reuters.com/article/businessNews/idUST29534420080317?sp=true
TOKYO -- The dollar's sharp slide to 13-year lows against the yen and fresh all-time lows versus the euro today is stoking jitters about the possibility of joint central bank intervention to prop up the dollar.
James Turk: Counterparty risk is escalating
Submitted by cpowell on Mon, 2008-03-17 08:58 Section: Daily Dispatches8:53a ET Monday, March 17, 2008
Dear Friend of GATA and Gold:
Murphy's Friday 'Midas' posted in the clear at GoldSeek
Submitted by cpowell on Sun, 2008-03-16 22:17 Section: Daily Dispatches10:05p ET Sunday, March 16, 2008
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy's "Midas" commentary from Friday at LeMetropoleCafe.com has been posted in the clear at GoldSeek. It contains some encouragement to register for the conference GATA will hold from April 17-19, "GATA Goes to Washington -- Anybody Seen Our Gold?"
Ambrose Evans-Pritchard: Here comes the worldwide currency debasement
Submitted by cpowell on Sun, 2008-03-16 21:43 Section: Daily DispatchesU.S. Losing Confidence Vote as Investors Flee
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 17, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/17/ccview...
Fed ready to play pawnbroker to the Western world
Submitted by cpowell on Sun, 2008-03-16 20:51 Section: Daily DispatchesIf you're a 'non-bank,' can you get one of these loans to buy gold?
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Fed Cuts Discount Rate,
Says Dealers May Borrow
By Scott Lanman
Bloomberg News Service
Sunday, March 16, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5MdIqIevEW0&refer=home
Bear turns out to be worth just a fraction of its office building
Submitted by cpowell on Sun, 2008-03-16 19:56 Section: Daily DispatchesJPMorgan Buys Bear Stearns at Huge Discount
By Andrew Ross Sorkin
and Landon Thomas
The New York Times
Sunday, March 16, 2008
http://www.nytimes.com/2008/03/16/business/16cnd-bear.html?_r=1&hp&o
Fed creates another loan fund for investment banks, cuts rate
Submitted by cpowell on Sun, 2008-03-16 19:36 Section: Daily DispatchesFed Takes New Steps to Ease Crisis
By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, March 16, 2008
http://news.yahoo.com/s/ap/20080316/ap_on_go_ot/fed_credit_crisis;_ylt=A...
WASHINGTON -- The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.
Morgan gets Bear for $2 per share, with more Fed financing
Submitted by cpowell on Sun, 2008-03-16 19:24 Section: Daily DispatchesJP Morgan Closes Deal on Bear Stearns
By Joe Bel Bruno and Madlen Read
Associated Press
via Yahoo News
Sunday, March 16, 2008
http://news.yahoo.com/s/ap/20080316/ap_on_bi_ge/jpmorgan_bear_stearns
Morgan races to acquire Bear before Asian markets open
Submitted by cpowell on Sun, 2008-03-16 16:14 Section: Daily DispatchesBy Dennis K. Berman, Susanne Craig, and Kate Kelly
The Wall Street Journal
Sunday, March 16, 2008
Bear Stearns Cos. was closing in on a deal Sunday afternoon to sell itself to J.P. Morgan Chase & Co., as worries deepened that the financial crisis of confidence could spread if Bear failed to find a buyer by Monday morning.
Steve Randy Waldman: Repurchase agreements and covert nationalization of banks
Submitted by cpowell on Sun, 2008-03-16 15:19 Section: Daily DispatchesBy Steve Randy Waldman
Saturday, March 8, 2008
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