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Daily Dispatches
Most U.S. primary dealer banks expect fed funds rate cut soon
Submitted by cpowell on Mon, 2007-08-20 19:39 Section: Daily DispatchesCalm After Fed Move Turns to Uncertainty
By Kevin Plumberg
Reuters
Monday, August 20, 2007
http://www.reuters.com/article/bondsNews/idUSL2068258020070820
NEW YORK -- The initial euphoria in financial markets after Friday's Federal Reserve discount rate cut faded on Monday, and questions began to be asked about what more needed to be done to improve confidence in lending.
What's in YOUR wallet? Do you even HAVE one now?
Submitted by cpowell on Mon, 2007-08-20 19:28 Section: Daily DispatchesCapitol One Shuts Mortage Unit, Sheds 1,900 Jobs
By Mike Baker
Associated Press
via Yahoo News
Monday, August 20, 2007
http://news.yahoo.com/s/ap/20070820/ap_on_bi_ge/capital_one_financial_wh...
How a panicky day led the Fed to act
Submitted by cpowell on Mon, 2007-08-20 02:17 Section: Daily DispatchesFreezing of Credit
Drives Sudden Shift;
Shoving to Make Trades
By Randall Smith, Carrick Mollenkamp, Joellen Perry, and Grep Ip
The Wall Street Journal
Monday, August 20, 2007
Strains in financial markets had been evident for weeks, but Thursday, Aug. 16, was different.
Ambrose Evans-Pritchard: Bernanke fears economy will hit brick wall
Submitted by cpowell on Sun, 2007-08-19 20:59 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, August 20, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/ccview...
Another German bank bailed out amid credit crunch
Submitted by cpowell on Sun, 2007-08-19 12:05 Section: Daily DispatchesSachsen LB is Bailed Out As
Credit Crunch Fallout Widens
By Ivar Simensenin
Financial Times, London
Sunday, August 18, 2007
http://www.ft.com/cms/s/9e6e71ac-4d22-11dc-a51d-0000779fd2ac.html
China seen likely to keep investing in private equity
Submitted by cpowell on Sun, 2007-08-19 11:49 Section: Daily DispatchesChina Eyes Investing in Private Equity, Hedge Funds
By Langi Chiang
Reuters
Sunday, August 19, 2007
Expectations grow for another interest rate cut by Fed
Submitted by cpowell on Sat, 2007-08-18 15:22 Section: Daily DispatchesWill the Fed's Cut Restore Calm, Saving Economy?
Most Economists Say Benanke and Fed Have More Work to Do
By Rex Nutting
MarketWatch.com
Friday, August 17, 2007
http://www.marketwatch.com/news/story/feds-friday-rate-cut-work/story.as...
Jim Sinclair: A new Sodom and Gomorrah run by the money changers
Submitted by cpowell on Fri, 2007-08-17 21:49 Section: Daily DispatchesBy Jim Sinclair
www.JSMineSet.com
Friday, August 17, 2007
Today takes the cake in geek speak. The talking heads discussed the following:
-- The Fed's moral hazard (as if they care).
-- The Bernanke put. (Why not? Greenspan did it.)
-- The Fed's problems with inter-temporal considerations. (Huh?)
In withdrawal line, Countrywide customer muses about buying gold
Submitted by cpowell on Fri, 2007-08-17 21:17 Section: Daily DispatchesCountrywide Bank Customers Fret Over Deposits
By Alexandria Sage
Reuters
Friday, August 17, 2007
http://www.reuters.com/article/domesticNews/idUSN1721531120070817
Bank of England suppresses speech on financial system's (in)stability
Submitted by cpowell on Fri, 2007-08-17 21:00 Section: Daily DispatchesBank Pulls Speech to Quell Instability
By Edmund Conway
The Telegraph, London
Friday, August 17, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/18/cnboe1...
The Bank of England has taken the unusual step of withholding a speech by a key executive for fear of adding to market insecurity.