You are here

Daily Dispatches

Bailout of Fannie and Freddie fails to calm nerves

Section: Daily Dispatches

From the Financial Times, London
Monday, July 14, 2008

http://www.ft.com/cms/s/0/6a662e74-51cf-11dd-a97c-000077b07658.html

Confidence in some of the largest regional US banks buckled on Monday as the government's rescue plan for mortgage giants Fannie Mae and Freddie Mac failed to allay equity markets' fears over the stability of the broader financial sector.

GATA's Murphy, Steer interviewed by Korelin Economics Report

Section: Daily Dispatches

12:50a ET Monday, July 14, 2008

Dear Friend of GATA and Gold:

Over the weekend Al Korelin of the Korelin Economics Report interviewed GATA Chairman Bill Murphy and GATA board member Ed Steer about gold's prospects amid the turmoil in the U.S. banking system. You can listen to it here:

http://www.kereport.com/WeekendSpecial/WS071208-1.mp3

CHRIS POWELL, Secretary/Treasurer

Peter Brimelow: What if gold gave a party and everyone came?

Section: Daily Dispatches

By Peter Brimelow
MarketWatch.com
Monday, July 14, 2008

http://www.marketwatch.com/news/story/story.aspx?guid=%7B01A873BE%2DB409...

NEW YORK -- Gold surges, but sentiment is soggy. The goldbugs smell a breakout, and this time they may have generalist backers.

Fed to lend to Freddie, Fannie; Treasury may buy their shares

Section: Daily Dispatches

U.S. Spells Out Freddie/Fannie Backstop Plan

By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, July 13, 2008

http://news.yahoo.com/s/ap/mortgage_giants_crisis;_ylt=AizCam2q_0DM9KVYB...

U.S. govt. may buy Freddie debt if banks won't

Section: Daily Dispatches

Freddie Mac's Next Hurdle:
Raise Cash

Treasury Working to Make Sure Debt Sale Succeeds

By Jeffrey H. Birnbaum and Steve Mufson
Washington Post
Sunday, July 13, 2008

http://www.washingtonpost.com/wp-dyn/content/article/2008/07/12/AR200807...

James Turk: America's second-biggest bank failure

Section: Daily Dispatches

5:30p ET Saturday, July 12m 2008

Dear Friend of GATA and Gold:

Fed's discount window said open to Fannie and Freddie

Section: Daily Dispatches

Fannie Mae, Freddie Mac Are Sound; Panic Unwarranted, Dodd Says

By Romaine Bostick
Bloomberg News Service
Friday, July 11, 2008

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP1BQwOOSoWU

Russia aggressively using energy deals in foreign policy

Section: Daily Dispatches

Gazprom's Libya Bid Imperils Moves to Curb Russia's Energy Clout

By Sebastian Alison
Bloomberg News Service
Friday, July 11, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahS3Z_wUYD0c&refer=home

MOSCOW -- Moves by Russia's state-run OAO Gazprom to buy African energy assets threaten to thwart U.S. efforts to limit Moscow's use of oil and gas as political weapons.

U.S. plots takeover of two mortgage giants

Section: Daily Dispatches

By Stephen Labaton and Steven R. Weisman
The New York Times
Friday, July 11, 2008

http://www.nytimes.com/2008/07/11/business/11fannie.html?_r=1&hp&

Russia is most likely midwife of a fairer world economic order

Section: Daily Dispatches

Blame the Dollar

By Massoud Hedeshi
Al Jazeera.net, Doha, Qatar
Thursday, July 10, 2008

http://english.aljazeera.net/focus/2008/06/200862371431417772.html

The US economic powerhouse is running out of ideas and cash as it jostles with a massive national debt, housing, and financial crises, rising inflation, and a depreciating currency.

Pages