Daily Dispatches

James Turk: The antidote for subprime woes

Submitted by cpowell on Mon, 2007-07-02 14:05 Section: Daily Dispatches

2p ET Monday, July 2, 2007

Dear Friend of GATA and Gold:

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Rob Peebles: The CDO flying circus

Submitted by cpowell on Mon, 2007-07-02 01:32 Section: Daily Dispatches

By Rob Peebles
PrudentBear.com
Saturday, June 30, 2007

http://www.prudentbear.com/articles/show/2054

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S&P, Moody's masking $200 billion of subprime bond risk

Submitted by cpowell on Mon, 2007-07-02 01:13 Section: Daily Dispatches

By Mark Pittman
Bloomberg News Service
Friday, June 29, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=aN4sulHN19xc&

NEW YORK -- Standard & Poor's, Moody's Investors Service, and Fitch Ratings are masking burgeoning losses in the market for subprime mortgage bonds by failing to cut the credit ratings on about $200 billion of securities backed by home loans.

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With CDOs, Wall Street sold the world a box of sewage

Submitted by cpowell on Sun, 2007-07-01 23:40 Section: Daily Dispatches

Does It All Add Up?

By Saskia Scholtes and Gillian Tett
Financial Times, London
Thursday, June 28, 2007

http://www.ft.com/cms/s/d5f91f6e-2513-11dc-bf47-000b5df10621.html

As head of the financial stability unit at the Banque de France, Imene Rahmouni-Rousseau travelled to America this month to look at the current turmoil in the US subprime mortgage world.

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Peter Brimelow: Gold bugs disappointed but keep the faith

Submitted by cpowell on Sun, 2007-07-01 23:28 Section: Daily Dispatches

By Peter Brimelow
MarketWatch.com
Sunday, July 1, 2007

http://www.marketwatch.com/news/story/love-affair-gold-isnt-over/story.a...

NEW YORK -- Gold disappointed its friends last week. But they've not given up.

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A year after defeat, Mexican leftist fades away

Submitted by cpowell on Sun, 2007-07-01 20:24 Section: Daily Dispatches

By Catherine Bremer
Reuters
Sunday, July 1, 2007

http://www.reuters.com/article/worldNews/idUSN0130818020070701

MEXICO CITY -- The leftist who a year ago was a hair's breadth from winning Mexico's presidency was reduced to political artifact on Sunday, drawing a fraction of his old crowds to an anniversary rally.

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Move away from U.S. dollar reserves is still all talk

Submitted by cpowell on Sat, 2007-06-30 15:59 Section: Daily Dispatches

By Steven C. Johnson
Reuters
Saturday, June 30, 2007

http://www.reuters.com/article/reutersEdge/idUSN2959669920070630

NEW YORK -- Central bank holdings of U.S. dollars continue to mount, despite talk of diversification into other currencies, but questions remain about the sustainability of the rise in dollar reserves.