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Daily Dispatches
Will Hutton: When net income won't cover gross habits
Submitted by cpowell on Sun, 2007-09-16 18:22 Section: Daily DispatchesBy Will Hutton
The Observer, London
Sunday, September 16, 2007
http://observer.guardian.co.uk/comment/story/0,,2170289,00.html
EU adopts flexible stance on bank crises
Submitted by cpowell on Sun, 2007-09-16 16:54 Section: Daily DispatchesBy Tony Barber
Financial Times, London
Sunday, September 16, 2007
http://www.ft.com/cms/s/0/05b34256-648a-11dc-90ea-0000779fd2ac.html
PORTO, Portugal -- European Union finance ministers and central bankers decided at the weekend against establishing fixed rules in advance on how to bail out banks or other financial institutions that have cross-border operations in the EU.
With a sling and a stone
Submitted by cpowell on Sun, 2007-09-16 13:41 Section: Daily Dispatches1:20p ET Sunday, September 16, 2007
Dear Friend of GATA and Gold:
Rise in Canadian dollar shows break with U.S. economy
Submitted by cpowell on Sun, 2007-09-16 12:44 Section: Daily DispatchesBy Haris Anwar
Bloomberg News Service
Monday, September 17, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=a6uPcUFdLnao
TORONTO -- Currency traders are concluding that there's nothing the U.S. economy can do that Canada's can't do better. Much better.
James Turk: Banking system is 'a house of cards'
Submitted by cpowell on Sun, 2007-09-16 12:21 Section: Daily Dispatches12:25p ET Sunday, September 16, 2007
Dear Friend of GATA and Gold:
Angry savers forcing sale of Northern Rock
Submitted by cpowell on Sun, 2007-09-16 00:30 Section: Daily DispatchesBy Iain Dey and Patrick Hennessy
The Telegraph, London
Sunday, September 16, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=WRKLTFU5KMZUFQFIQ...
Northern Rock, the crisis-hit bank under siege from thousands of its customers, was preparing itself last night for a selloff, The Sunday Telegraph can reveal.
Bankers fear L12 billion run on Northern Rock
Submitted by cpowell on Sun, 2007-09-16 00:23 Section: Daily DispatchesDavid Smith, Grant Ringshaw, and Holly Watt
The Times, London
Sunday, September 16, 2007
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...
Northern Rock, the mortgage bank rescued by the Bank of England last week, could see as much as L12 billion -- nearly half its deposits -- withdrawn by worried savers, experts say.
European Union drawing cross-border bank-bailout plans
Submitted by cpowell on Sat, 2007-09-15 23:54 Section: Daily DispatchesBy Huw Jones
Reuters
Saturday, September 15, 2007
http://www.reuters.com/article/ousiv/idUSL1529380120070915
PORTO, Portugal -- European Union finance ministers and central bankers agreed on Saturday to step up co-operation among themselves to improve their handling of cross-border financial crises.
Michael Kosares: Northern Rock hints at years of bailouts ahead
Submitted by cpowell on Sat, 2007-09-15 14:13 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Saturday, September 15, 2007
The bailout of Northern Rock by the Bank of England shows once again the depth of the crisis now prowling the world financial system.
Europe surprised at Bank of England's rescue of Northern Rock
Submitted by cpowell on Fri, 2007-09-14 20:21 Section: Daily DispatchesBy Tony Barber and Gillian Tett
Financial Times, London
via Yahoo News
Friday, September 14, 2007
http://news.yahoo.com/s/ft/20070914/bs_ft/fto091420071829453431;_ylt=AgB...