Daily Dispatches

James Turk: The search for a safe haven

Submitted by cpowell on Sun, 2007-08-12 08:24 Section: Daily Dispatches

8:20a ET Sunday, August 12, 2007

Dear Friend of GATA and Gold:

Suddenly investors are learning about counterparty risk, GoldMoney founder James Turk writes in his latest commentary for that gold-brokerage service.

Read more about James Turk: The search for a safe haven

Telegraph: Hedge funds' panic was behind worldwide market collapse

Submitted by cpowell on Sun, 2007-08-12 08:04 Section: Daily Dispatches

By Helen Power and Dan Roberts
Sunday Telegraph, London
Sunday, August 12, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/12/cnmark...

Panic selling by hedge funds has emerged as the hidden cause of the contagion spreading through the global financial system.

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China backs off threats against dollar

Submitted by cpowell on Sun, 2007-08-12 07:53 Section: Daily Dispatches

From Reuters
Saturday, August 11, 2007

http://www.reuters.com/article/ousiv/idUSPEK13834920070812

BEIJING -- China on Sunday delivered a vote of confidence in the dollar, saying dollar assets form an important part of its foreign exchange reserves and the U.S. currency plays a prominent role in the global monetary system.

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Will Paulson ever consent to answer the right questions?

Submitted by cpowell on Sat, 2007-08-11 14:34 Section: Daily Dispatches

Hey, Hank, Let's Sit Down
and Chat about Things

By John Crudele
New York Post
Friday, August 9, 2007

http://www.nypost.com/seven/08092007/business/hey__hank__lets_sit_down_a...

There's news in my fight to get secret information from the U.S. Treasury Department.

Hold onto your seats.

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Mike Kosares: The morning after the open-ended bailout

Submitted by cpowell on Sat, 2007-08-11 13:50 Section: Daily Dispatches

By Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Saturday, August 11, 2007

This time it IS different.

In past financial bailouts, the destruction was limited to one or two institutions. A group was put together in the private sector, or the central bank stepped in, and the troubled entity was bailed out.

Read more about Mike Kosares: The morning after the open-ended bailout

Ambrose Evans-Pritchard: Inflation-busting Bernanke won't rush to relieve the pain

Submitted by cpowell on Sat, 2007-08-11 08:24 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, August 11, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/11/ccom11...

Nobody understands the threat of a credit crunch better than Ben Bernanke, the chairman of the US Federal Reserve.

Read more about Ambrose Evans-Pritchard: Inflation-busting Bernanke won't rush to relieve the pain

Government won't ease limits on loan giants

Submitted by cpowell on Fri, 2007-08-10 23:17 Section: Daily Dispatches

By Marcy Gordon
Associated Press
via Yahoo News
Friday, August 10, 2007

http://news.yahoo.com/s/ap/20070810/ap_on_bi_ge/fannie_freddie;_ylt=Ahng...

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Seeking hidden losses, regulators comb books of Wall Street titans

Submitted by cpowell on Fri, 2007-08-10 15:28 Section: Daily Dispatches

By Randall Smith and Serena Ng
The Wall Street Journal
Friday, August 10, 2007

Securities regulators are checking the books at top Wall Street brokerage firms and banks to make sure they aren't hiding losses in the subprime-mortgage meltdown, said people familiar with the inquiry.