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Daily Dispatches
We went all-out this year, so can you help us reload?
Submitted by cpowell on Sat, 2008-09-20 23:23 Section: Daily Dispatches11p ET Saturday, September 20, 2008
Dear Friend of GATA and Gold:
Bailout plan is vast patronage under cover of martial law
Submitted by cpowell on Sat, 2008-09-20 14:35 Section: Daily Dispatches2:19p ET Saturday, September 20, 2008
Dear Friend of GATA and Gold:
The Wall Street Journal story appended here discloses what seem to be the two crucial details of the Bush administration's plan to rescue the financial system.
Bush would borrow $700 billion to buy bad mortgages
Submitted by cpowell on Sat, 2008-09-20 11:01 Section: Daily DispatchesBy Julie Hirschfeld Davis
Associated Press
via Yahoo News
Saturday, September 20, 2008
http://news.yahoo.com/s/ap/20080920/ap_on_bi_ge/financial_meltdown;_ylt=...
Asia makes big screens and we just watch TV
Submitted by cpowell on Sat, 2008-09-20 10:37 Section: Daily DispatchesBy Chris Powell
Journal Inquirer, Manchester, Connecticut
Saturday, September 20, 2008
http://www.journalinquirer.com/articles/2008/09/20/chris_powell/doc48d45...
What is it about the United States that every generation it must have a catastrophically mistaken imperial war and a catastrophically expensive rescue of its predatory financial class?
Joe Nocera: U.S. govt. has little idea of what it's doing
Submitted by cpowell on Sat, 2008-09-20 10:15 Section: Daily DispatchesA Hail-Mary Pass, But No Receiver in the End Zone
By Joe Nocera
The New York Times
Friday, September 19, 2008
http://www.nytimes.com/2008/09/20/business/20nocera.html?_r=1&8dpc&o
It was the end of the worst week for financial markets since 1929, and Treasury Secretary Henry M. Paulson Jr. looked sleep-deprived.
Max Keiser: Financial houses would acquire banks to rob them
Submitted by cpowell on Sat, 2008-09-20 09:47 Section: Daily Dispatches9:40a ET Saturday, September 20, 2008
Dear Friend of GATA and Gold:
Liberty Dollar founder defiant at Silver Summit
Submitted by cpowell on Sat, 2008-09-20 09:24 Section: Daily DispatchesLegal Issues Still Dog Liberty Dollar
By Rick Thomas
Coeur d'Alene Press
Coeur d'Alene, Idaho
Friday, September 19, 2008
http://www.cdapress.com/articles/2008/09/20/business/bus01.txt
COEUR d'ALENE -- All that was missing was shackles on his ankles.
Citigroup report credits gold bugs for seeing danger of derivatives
Submitted by cpowell on Fri, 2008-09-19 16:57 Section: Daily Dispatches4:55p ET Friday, September 19, 2008
Dear Friend of GATA and Gold:
The Citigroup gold report cited in today's dispatch, which credits gold bugs for seeing that derivatives would destroy the world financial system, can be found here:
http://www.gata.org/files/CitigroupGoldReport-09-17-2008.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Bugs were right about derivatives disaster, Citigroup analysts say
Submitted by cpowell on Fri, 2008-09-19 10:40 Section: Daily Dispatches10:30a ET Friday, September 19, 2008
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich writes about a new report from Citigroup analysts John H. Hill and Graham Wark, who last year wrote a report acknowledging that central banks were strategically intervening in the gold market to suppress gold's price. You can find their report from last year here:
Treasury taps ESF to guarantee money-market funds
Submitted by cpowell on Fri, 2008-09-19 08:40 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
Friday, September 19, 2008
http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/fund_rescue;_ylt=AsiOvFv...
WASHINGTON -- The Treasury Department announced Friday it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds.
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