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Daily Dispatches
China backs off threats against dollar
Submitted by cpowell on Sun, 2007-08-12 07:53 Section: Daily DispatchesFrom 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.
Will Paulson ever consent to answer the right questions?
Submitted by cpowell on Sat, 2007-08-11 14:34 Section: Daily DispatchesHey, 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.
Mike Kosares: The morning after the open-ended bailout
Submitted by cpowell on Sat, 2007-08-11 13:50 Section: Daily DispatchesBy 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.
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 DispatchesBy 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.
Government won't ease limits on loan giants
Submitted by cpowell on Fri, 2007-08-10 23:17 Section: Daily DispatchesBy 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...
Seeking hidden losses, regulators comb books of Wall Street titans
Submitted by cpowell on Fri, 2007-08-10 15:28 Section: Daily DispatchesBy 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.
Bernanke was wrong: Subprime contagion is spreading
Submitted by cpowell on Fri, 2007-08-10 15:11 Section: Daily DispatchesBy Bob Ivry
Bloomberg News Service
Friday, August 10, 2007
http://www.bloomberg.com/apps/news?pid=20601206&sid=abxvzZgdV5.I&refer=r...
Federal Reserve Chairman Ben S. Bernanke was wrong.
So were U.S. Treasury Secretary Henry Paulson and Merrill Lynch & Co. Chief Executive Officer Stanley O'Neal.
'Risky' yesterday, gold is 'safe haven' today
Submitted by cpowell on Fri, 2007-08-10 15:01 Section: Daily DispatchesGold, Silver Gain as Investors Seek Haven From Subprime Losses
By Pham-Duy Nguyen
Bloomberg News Service
Friday, August 10, 2007
http://www.bloomberg.com/apps/news?pid=20601012&sid=aayPibU3PJPc&refer=c...
Gold and silver rose in New York as investors sought a haven from potential losses tied to the U.S. subprime-mortgage collapse.
ECB's confidence trick won't restore faith in market
Submitted by cpowell on Fri, 2007-08-10 01:03 Section: Daily DispatchesBy Damian Reece, City Editor
The Telegraph, London
Friday, August 10, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money//2007/08/10/ccom1...
Confidence is like oxygen. It is colourless, odourless and tasteless. You really appreciate its importance only when it's not there.
No one in Asian financial districts will lack lunch money
Submitted by cpowell on Fri, 2007-08-10 00:48 Section: Daily DispatchesAsian Central Banks Join Bid
to Calm Money Markets
By Jeffrey Hodgson and Jan Dahinten
Reuters
Thursday, August 9, 2007
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