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Daily Dispatches
Federal bank insurance fund dwindling
Submitted by cpowell on Tue, 2008-09-16 21:31 Section: Daily DispatchesBy Marcy Gordon
Associated Press
via Yahoo News
Tuesday, September 16, 2008
http://biz.yahoo.com/ap/080916/bank_deposits_safety.html?.v=3
WASHINGTON -- Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.
Jeff Christian: Nothing to see in the silver market
Submitted by cpowell on Tue, 2008-09-16 21:14 Section: Daily Dispatches9:08p ET Tuesday, September 16, 2008
Dear Friend of GATA and Gold (and Silver):
U.S. Govt. to buy 80% of AIG with $85 billion loan
Submitted by cpowell on Tue, 2008-09-16 20:39 Section: Daily DispatchesFrom CNBC.com
Tuesday, September 16, 2008
http://www.cnbc.com//id/26747020?
American International Group will get an $85 billion loan from the federal government in exchange for an 80 percent stake in itself, sources have told CNBC.
Sources said the loan, which will allow AIG to avoid bankruptcy, will be secured and include incentives for quick asset-sales by AIG.
Lehman bankruptcy breaks the buck at money-market fund
Submitted by cpowell on Tue, 2008-09-16 20:16 Section: Daily DispatchesReserve Primary Money Fund Falls Below $1 a Share
By Christopher Condon
Bloomberg News
Tuesday, September 16, 2008
BOSTON -- Reserve Primary Fund became the first money-market fund in 14 years to expose investors to losses after writing off $785 million of debt issued by bankrupt Lehman Brothers Holdings Inc.
U.S. government considers bailout for AIG
Submitted by cpowell on Tue, 2008-09-16 20:09 Section: Daily DispatchesAuthorities Consider Loan to AIG
By Francesco Guerrera, Aline van Duyn, and Krishna Guha
Financial Times, London
Tuesday, September 16, 2008
http://www.ft.com/cms/s/0/271257f2-83f1-11dd-bf00-000077b07658.html?ncli...
AIG fears halt exchange-traded commodities
Submitted by cpowell on Tue, 2008-09-16 19:47 Section: Daily DispatchesBy Rosie Murray-West
The Telegraph, London
Tuesday, September 16, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/17/cnetc1...
Shareholders were left unable to trade popular commodity securities yesterday, due to fears over the future of their backer, AIG.
Ted Butler: Welcome to the jungle
Submitted by cpowell on Tue, 2008-09-16 16:49 Section: Daily Dispatches4:46p ET Tuesday, September 16, 2008
Dear Friend of GATA and Gold (and Silver):
Mysterious index futures buying cushioned market on Monday
Submitted by cpowell on Tue, 2008-09-16 08:50 Section: Daily DispatchesWall Street's Stormy Week
By John Crudele
New York Post
Tuesday, September 16, 2008
http://www.nypost.com/seven/09162008/business/wall_streets_stormy_week_1...
It could have been worse. In fact, it should have been an utter disaster.
The Dow Jones industrial average lost more than 500 points yesterday and it's difficult to find the bright side of that.
Jason Hommel: Silver shortage feedback
Submitted by cpowell on Tue, 2008-09-16 08:30 Section: Daily Dispatches8:30a ET Tuesday, September 16, 2008
Dear Friend of GATA and Gold (and Silver):
Gene Arensberg: Banks covering gold shorts, not silver yet
Submitted by cpowell on Tue, 2008-09-16 08:20 Section: Daily Dispatches8:15a ET Tuesday, September 16, 2008
Dear Friend of GATA and Gold (and Silver):
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