Daily Dispatches

SEC plans to ban short-selling temporarily

Submitted by cpowell on Thu, 2008-09-18 20:44 Section: Daily Dispatches

By Kara Scannell and Deborah Solomon
The Wall Street Journal
Thursday, September 18, 2008

WASHINGTON -- The Securities and Exchange Commission took its most aggressive assault against bearish stock bets by stating its intention to issue a temporary ban on short-selling.

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SEC adopts rules against 'naked' short-selling

Submitted by cpowell on Thu, 2008-09-18 00:21 Section: Daily Dispatches

By Marcy Gordon
Associated Press
Wednesday, September 17, 2008

http://news.yahoo.com/s/ap/20080918/ap_on_bi_ge/sec_short_selling

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Taiwan's government ready to prop up stock market

Submitted by cpowell on Wed, 2008-09-17 23:22 Section: Daily Dispatches

By Janet Ong
Bloomberg News
Thursday, September 18, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=awTskJv0r7KY&refer=home

TAIPEI, Taiwan -- Taiwan's government said the "conditions are right" for the government fund to buy stocks after the benchmark Taiex index fell to its lowest in four years.

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Fed can buy all bad mortgages, banking chairman says

Submitted by cpowell on Wed, 2008-09-17 23:18 Section: Daily Dispatches

Dodd Says the Fed Has Authority to Set Up Debt Fund

By Viola Gienger
Bloomberg News
Wednesday, September 17, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=axN7il2n3WO0&refer=home

Read more about Fed can buy all bad mortgages, banking chairman says

Dan Norcini: Huge outflow of foreign capital from U.S. in July

Submitted by cpowell on Wed, 2008-09-17 22:29 Section: Daily Dispatches

By Dan Norcini
www.JSMineSet.com
Wednesday, September 17, 2008

The Treasury international capital flows data was released yesterday detailing the numbers for July. While I was expecting some lousy data, I was stunned by just how bad it was.

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Uncle Sam taps piggy bank, borrows to aid market

Submitted by cpowell on Wed, 2008-09-17 21:49 Section: Daily Dispatches

By Martin Crutsinger
Associated Press
via Yahoo News
Wednesday, September 17, 2008

http://news.yahoo.com/s/ap/20080917/ap_on_bi_ge/uncle_sam_s_piggy_bank;_...

WASHINGTON -- Where does Uncle Sam come up with huge sums of money during a financial emergency?

Like the rest of us, the government taps its reserves and borrows if it needs more.

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Flight to quality may break more money funds

Submitted by cpowell on Wed, 2008-09-17 21:38 Section: Daily Dispatches

By Floyd Norris
The New York Times
Thursday, September 17, 2008

http://norris.blogs.nytimes.com/2008/09/17/flight-to-quality/

A money manager advises that the ultimate flight to quality is under way, and he cannot find Treasury bills to buy.

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Centennial group analyzes gold's performance in crisis

Submitted by cpowell on Wed, 2008-09-17 20:45 Section: Daily Dispatches

8:45p ET Wednesday, September 17, 2008

Dear Friend of GATA and Gold:

Three staffers of Centennial Precious Metals/USAGold in Denver -- Jonathan Kosares, Peter Grant, and George Cooper -- take 10 minutes to discuss the topic "Financial Crisis and Gold," including the explosion of demand for the real thing in hand and the real thing's invulnerability to default, in this video posted today: