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Daily Dispatches
Goldman pays $2 million to settle 'naked' short-selling case
Submitted by cpowell on Wed, 2007-03-14 20:17 Section: Daily DispatchesBy The Associated Press
via Yahoo News
Wednesday, March 14, 2007
http://biz.yahoo.com/ap/070314/goldman_sec_settlement.html?.v=1
WASHINGTON -- Goldman Sachs Group Inc.'s clearing unit has agreed to pay $2 million in civil penalties to settle allegations that it allowed customers to illegally profit by selling securities short just before public offerings of stock, regulators said.
Housing decline, subprime mortgage crash 'largely contained,' Paulson says
Submitted by cpowell on Tue, 2007-03-13 22:58 Section: Daily DispatchesFrom Reuters
via Yahoo News
Tuesday, March 13, 2007
http://news.yahoo.com/s/nm/20070313/bs_nm/usa_subprime_paulson_dc;_ylt=A...
WASHINGTON -- U.S. Treasury Secretary Henry Paulson said on Tuesday a decline in U.S. housing activity has caused some damage in subprime mortgage markets but was not hurting the overall economy.
Blanchard & Co. research note: European central bank gold sales declining
Submitted by cpowell on Tue, 2007-03-13 22:12 Section: Daily DispatchesBy Neal R. Ryan
Vice President and Director of Economic Research
Blanchard and Co. Inc., New Orleans
Tuesday, March 13, 2007
Stewart Armstrong: United we will stand
Submitted by cpowell on Tue, 2007-03-13 21:49 Section: Daily Dispatches9:48p Et Tuesday, March 13, 2007
Dear Friend of GATA and Gold:
Mining industry analyst Stewart Armstrong has written a wonderful rant about gold, life, the universe, and everything, including a few generous compliments for GATA. It's called "United We Will Stand" and you can find it at GoldSeek here:
Hoping to turn party around, Ron Paul seeks Republican presidential nomination
Submitted by cpowell on Mon, 2007-03-12 23:44 Section: Daily DispatchesBy Gary Martin
San Antonio (Texas) Express-News
Monday, March 12, 2007
http://www.mysanantonio.com/news/metro/stories/MYSA031307.03A.Ron-Paul.3...
WASHINGTON -- Rep. Ron Paul of Texas formally announced his candidacy for the Republican presidential nomination Monday, saying people want to hear his libertarian message of limited government -- and he's willing to deliver it.
Treasury says subprime problem is manageable
Submitted by cpowell on Mon, 2007-03-12 21:09 Section: Daily DispatchesLike, what else are they going to say? "It's a disaster and we're going to have to reduce interest rates fast, devalue the dollar by 40 percent, and impose currency and credit controls"?
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By Marcy Gordon
Associated Press
via Yahoo News
Monday, March 12, 2007
http://news.yahoo.com/s/ap/20070313/ap_on_bi_ge/subprime_lending;_ylt=Ar...
China promises more market liberalization, including gold
Submitted by cpowell on Mon, 2007-03-12 09:07 Section: Daily DispatchesBig Trade Surplus Overshadows China's Reform Pledge
By Eadie Chen and Tamora Vidaillet
Reuters
via Yahoo News
Monday, March 12, 2007
http://news.yahoo.com/s/nm/20070312/bs_nm/china_economy_dc;_ylt=AuiGiQRW...
China will keep buying U.S. Treasuries as it diversifies reserves
Submitted by cpowell on Sun, 2007-03-11 19:54 Section: Daily DispatchesBy Christina Soon
Bloomberg News Service
Sunday, March 11, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5waLpE3W.zc&refer=home
BEIJING -- China will keep buying U.S. Treasuries after a new state investment agency begins operations to help the nation manage its $1.07 trillion foreign-exchange reserves, central bank Vice Governor Wu Xiaoling said.
Concern grows over inadequate funding of commodities trading regulator
Submitted by cpowell on Sun, 2007-03-11 13:53 Section: Daily DispatchesBy Jeremy Grant
Financial Times, London
Sunday, March 11, 2007
http://www.ft.com/cms/s/2b51ab1c-cfdc-11db-94cb-000b5df10621.html
WASHINGTON -- Concern that US regulators may be too financially stretched to continue adequately to oversee the booming futures markets was thrown into focus on Friday when a top Democrat promised to investigate the issue.
No more no-money-down mortgages from Countrywide
Submitted by cpowell on Sat, 2007-03-10 19:24 Section: Daily DispatchesFrom Reuters
Friday, March 9, 2007
http://news.yahoo.com/s/nm/20070309/bs_nm/subprime_countrywide_dc;_ylt=A...
Countrywide Financial Corp., the largest U.S. mortgage lender, on Friday told its brokers to stop offering borrowers the option of no-money-down home loans, according to a document obtained by Reuters.
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