Daily Dispatches

Ed Steer on last week's smashing of gold and silver

Submitted by cpowell on Sat, 2008-03-22 14:52 Section: Daily Dispatches

2:50p ET Saturday, March 22, 2008

Dear Friend of GATA and Gold:

We're all hungry for incisive commentary on last week's smashing of gold and silver, and we probably won't do better than what's provided by GATA board member Ed Steer at the conclusion of Doug Casey's Daily Resource Plus letter for Friday. It's appended.

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James Turk: Paper vs. metal

Submitted by cpowell on Sat, 2008-03-22 14:30 Section: Daily Dispatches

2:21p ET Saturday, March 22, 2008

Dear Friend of GATA and Gold:

Read more about James Turk: Paper vs. metal

Emirs take pity for now but dollar's dominance is ending

Submitted by cpowell on Sat, 2008-03-22 11:08 Section: Daily Dispatches

By Fabrice Taylor
The Globe & Mail, Toronto
Saturday, March 22, 2008

http://www.theglobeandmail.com/servlet/story/LAC.20080322.RTAKINGSTOCK22...

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Bank of England denies mortgage purchase plan

Submitted by cpowell on Sat, 2008-03-22 11:01 Section: Daily Dispatches

By Sumeet Desai, Mark Potter, and Peter Graff
Reuters
Saturday, March 22, 2008

http://www.reuters.com/article/companyNews/idUSL2246240120080322

LONDON -- The Bank of England denied a report in the Financial Times on Saturday that it was proposing using public funds to make mass purchases of mortgage-backed securities in order to ease the credit crisis.

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Banker scolds Bank of England: Damn moral hazard, send us more cash

Submitted by cpowell on Sat, 2008-03-22 00:40 Section: Daily Dispatches

Governor Must Do More
to Assist Banks, Burt Says

By Christine Seib
The Times, London
Saturday, March 22, 2008

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...

The former deputy chairman of HBOS accused the Bank of England yesterday of failing to support British banks through the global credit crisis.

Read more about Banker scolds Bank of England: Damn moral hazard, send us more cash

Central banks plot mass purchase of junk mortgages

Submitted by cpowell on Sat, 2008-03-22 00:12 Section: Daily Dispatches

Central Banks Float Rescue Ideas

By Chris Giles and Krishna Guha
Financial Times, London
Friday, March 21, 2008

http://www.ft.com/cms/s/0/a233faa2-f789-11dc-ac40-000077b07658.html?ncli...

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Fed, Wall Street might not survive these questions on Bear deal

Submitted by cpowell on Fri, 2008-03-21 11:43 Section: Daily Dispatches

Questions Abound on Bear Stears Buyout

By Martha Graybow
Reuters
Thursday, March 20, 2008

http://www.reuters.com/article/ousiv/idUSN1438930520080320

NEW YORK -- Stunned Bear Stearns shareholders who saw investments virtually wiped out overnight when a takeover deal with JPMorgan Chase was unveiled are demanding to know how it was put together in the first place.

Read more about Fed, Wall Street might not survive these questions on Bear deal

Southeast Asian central banks meet about dollar

Submitted by cpowell on Fri, 2008-03-21 11:34 Section: Daily Dispatches

By Muhamad al Azhari and Andreas Ismar
Reuters
via The Guardian, London

http://www.guardian.co.uk/feedarticle?id=7401992

JAKARTA, Indonesia -- Southeast Asian central bank governors, plus South Korea and Taiwan, will discuss financial market uncertainty and dollar weakness at a meeting in Jakarta starting today, Indonesian central bank officials said.