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Daily Dispatches
Wall Street starts cannibalizing itself -- delicious!
Submitted by cpowell on Sun, 2008-09-14 22:29 Section: Daily DispatchesBanks Fear Next Move by Shorts
By Louise Story
The New York Times
Monday, September 15, 2008
Bernanke launches the money copters to Wall Street
Submitted by cpowell on Sun, 2008-09-14 22:09 Section: Daily DispatchesWall Street Banks Fight for Life
By Francesco Guerrera, Krishna Guha, and Greg Farrell
Financial Times, London
Monday, September 15, 2008
Wall Street was in turmoil on Sunday as Merrill Lynch found shelter in a $35 billion-plus takeover by Bank of America and Lehman Brothers headed towards filing for bankruptcy.
Fed lowers standards for collateral from primary dealers
Submitted by cpowell on Sun, 2008-09-14 21:51 Section: Daily DispatchesFederal Reserve Board Announces Several Initiatives to Provide Additional Support to Financial Markets, Including Enhancements to Its Existing Liquidity Facilities
Federal Reserve Board Press Release
Sunday night, September 14, 2008
http://www.federalreserve.gov/newsevents/press/monetary/20080914a.htm
World banks planning $50 billion emergency loan pool
Submitted by cpowell on Sun, 2008-09-14 18:47 Section: Daily DispatchesBy Joe Bel Bruno and Martin Crutsinger
Associated Press
via Yahoo News
Sunday, September 14, 2008
http://news.yahoo.com/s/ap/lehman_brothers;_ylt=AnXqZYw5O3Q9c_a2GACblmes...
Fearing Lehman bankrutpcy, derivatives traders hold emergency session
Submitted by cpowell on Sun, 2008-09-14 17:00 Section: Daily DispatchesBy Karen Brettell, Jennifer Ablan, and Walden Siew
Reuters
Sunday, September 14, 2008
http://www.reuters.com/article/newsOne/idUSN1444498020080914?virtualBran...
James Turk: The window is open
Submitted by cpowell on Sun, 2008-09-14 16:41 Section: Daily Dispatches4:40p ET Sunday, September 14, 2008
Dear Friend of GATA and Gold:
John Embry: Metals' fundamentals will reassert themselves
Submitted by cpowell on Sat, 2008-09-13 16:44 Section: Daily Dispatches4:45p ET Saturday, September 13, 2008
Dear Friend of GATA and Gold:
Wall Street, feds haggle over who swallows Lehman's junk
Submitted by cpowell on Sat, 2008-09-13 16:29 Section: Daily DispatchesWall Street Firms Could Buy Lehman 'Bad Bank'
By Francesco Guerrera, Peter Thal Larsen,
Krishna Guha, and Henny Sender
Financial Times, London
Saturday, September 13, 2008
http://www.ft.com/cms/s/0/f3586ede-80ca-11dd-82dd-000077b07658.html?ncli...
Lehman bailout better hurry, as WaMu, AIG, Merrill may be next
Submitted by cpowell on Sat, 2008-09-13 00:11 Section: Daily DispatchesLehman Races Clock; Financial Crisis Spreads
By Susanne Craig, Deborah Solomon,
Carrick Mollenkamp, and Matthew Karnitschnig
The Wall Street Journal
Saturday, September 13, 2008
Gold starts to look good to commodities guru Rogers
Submitted by cpowell on Fri, 2008-09-12 22:52 Section: Daily Dispatches10:50p ET Friday, September 12, 2008
Dear Friend of GATA and Gold:
Not long ago commodities guru Jim Rogers was disparaging gold and predicting that lead and zinc had much better price prospects. The story from India's Business Standard appended here suggests that Rogers has completely changed his mind. It would be nice if someone asked him for a little more explanation.
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