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Daily Dispatches
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
Are America's banks being nationalized by the Fed?
Submitted by cpowell on Sun, 2008-03-16 15:03 Section: Daily DispatchesBy Julie Satow
New York Sun
Wednesday, March 12, 2008
http://www.nysun.com/article/72721?page_no=1
While investors rejoiced yesterday at the news the Federal Reserve would flood the market with $200 billion in liquidity, a throng of economists and market commentators is fretting that the Fed's latest approach will accelerate inflation and weaken its own balance sheet.
Paulson defends Bear bailout, evades issue of more bailouts
Submitted by cpowell on Sun, 2008-03-16 11:45 Section: Daily DispatchesTreasury Chief Defends Fed's Intervention
By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, March 16, 2008
http://news.yahoo.com/s/ap/20080316/ap_on_go_ca_st_pe/paulson_credit_cri...
Venezuela reported moving some oil contracts to euros
Submitted by cpowell on Sat, 2008-03-15 21:32 Section: Daily DispatchesFrom Agence France-Press
via Yahoo News
Saturday, March 15, 2008
http://news.yahoo.com/s/afp/20080315/bs_afp/venezuelacommoditiesoilcurre...
CARACAS -- Venezuelan state oil giant PDVSA has decided to sign some oil contracts in euros in the face of a plummeting dollar, local media reported, citing officials.
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