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Daily Dispatches
Treasury already has power to buy into failing companies
Submitted by cpowell on Mon, 2008-10-06 21:51 Section: Daily DispatchesRegulators Outline Steps to Quell Crisis
By Deborah Solomon
The Wall Street Journal
Tuesday, October 7, 2008
http://online.wsj.com/article/SB122334263094210175.html?
WASHINGTON -- Worsening market turmoil prompted U.S. financial regulators to outline steps they are using to boost the balance sheets of institutions reeling from the crisis.
Fed engineers 'stealth' cut in interest rate
Submitted by cpowell on Mon, 2008-10-06 19:20 Section: Daily DispatchesFed Sets Floor Below Rate Target, Engineering 'Stealth' Cut
By Scott Lanman
Bloomberg News
Monday, October 6, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSiAeDH_QZtk&refer=home
NEW YORK -- The Federal Reserve may have cut borrowing costs today without actually saying so.
Michael Kosares: The big bailout of 2008
Submitted by cpowell on Mon, 2008-10-06 19:12 Section: Daily Dispatches7:09p ET Monday, October 6, 2008
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its Internet site's invaluable bulletin board, the USAGold Forum, counts the chickens coming home to roost in the international financial system. His analysis is headlined "The Big Bailout of 2008" and you can find it at USAGold here:
Ted Butler: An exceptional opportunity
Submitted by cpowell on Mon, 2008-10-06 18:26 Section: Daily Dispatches6:21p ET Monday, October 6, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes tonight in "An Exceptional Opportunity":
"We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly."
Grandich Letter migrates to Agoracom
Submitted by cpowell on Mon, 2008-10-06 17:22 Section: Daily Dispatches'Paper Newsletter' Migrates Online
Subscription Base Key
By Grant Surridge
Financial Post / National Post, Toronto
Monday, October 06, 2008
http://www.financialpost.com/story.html?id=862395
It has scrambled the business model for print publications of all kinds, so it's hardly a surprise that the Internet is changing the game for investing newsletters too.
Another henhouse, another fox
Submitted by cpowell on Mon, 2008-10-06 16:17 Section: Daily DispatchesPaulson Picks Interim Head for Rescue Effort
By Martin Crutsinger
Associated Press
via Yahoo News
Monday, October 6, 2008
http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/meltdown_kashkari;_ylt=A...
WASHINGTON -- The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.
It's not just the government and banks but the people too
Submitted by cpowell on Mon, 2008-10-06 03:41 Section: Daily Dispatches3:38a ET Monday, October 6, 2008
Dear Friend of GATA and Gold:
NBC Television's "Saturday Night Live" program satirized the other night not only the U.S. government's response to the collapse of the banking system but also one of its causes, the venality of much of the citizenry. You can watch it here:
http://www.nbc.com/Saturday_Night_Live/video/clips/c-span-bailout/727521/
Lending to companies, states may be Fed's next crisis
Submitted by cpowell on Mon, 2008-10-06 02:12 Section: Daily DispatchesBy Scott Lanman and John Brinsley
Bloomberg News
Monday, October 6, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aktjzhZEdgfY&refer=home
WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments.
British govt. would take shares in bailed-out banks
Submitted by cpowell on Mon, 2008-10-06 00:06 Section: Daily DispatchesBy Robert Winnett
The Telegraph, London
Monday, October 6, 2008
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3141185...
Fed under pressure to do more on credit crunch
Submitted by cpowell on Sun, 2008-10-05 23:57 Section: Daily DispatchesBy James Politi and Krishna Guha
Financial Times, London
Sunday, October 5, 2008
http://www.ft.com/cms/s/0/fd884db2-9311-11dd-98b5-0000779fd18c.html
WASHINGTON -- The Federal Reserve and US Treasury were on Sunday night under increasing pressure to follow passage of the $700 billion financial rescue plan with further measures to shock the ailing credit markets back to life.
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