Daily Dispatches

Too-low interest rates caused housing boom and bust, central bankers told


By Alister Bull
Saturday, September 1, 2007


JACKSON HOLE, Wyoming -- In rare public criticism of Alan Greenspan, former U.S. Undersecretary for International Affairs John Taylor said on Saturday that ultra-low Federal Reserve interest rates had stoked the U.S. housing boom and subsequent bust.

John Hathaway: A new chapter for gold


12:35a ET Sunday, September 2, 2007

Dear Friend of GATA and Gold:

John Hathaway, manager of the Tocqueville Gold Fund, argues in his latest essay, "A New Chapter for Gold," that the turmoil in the credit markets is the ideal scenario for launching gold to record highs. You can find Hathaway's essay at Gold-Eagle here:


Gartman admits gold price suppression but leaves out why


10:40p ET Saturday, September 1, 2007

Dear Friend of GATA and Gold:

In the Friday edition of The Gartman Letter (http://www.thegartmanletter.com/), Dennis Gartman again acknowledged that central banks are probably suppressing the price of gold, and as he did so, he couldn't help but mention GATA.

Gartman wrote:

Bush to announce housing loan relief as Bernanke speaks


By Steven R. Weisman
The New York Times
Friday, August 31, 2007


John Crudele: Just what does Paulson talk about when he calls Wall Street?


Paulson Is Still Clamming Up About the PPT

By John Crudele
New York Post
Thursday, August 30, 2007


Here's more from the interview that never happened -- my imaginary chat with Treasury Secretary Henry Paulson, who in real life refuses to discuss the Plunge Protection Team.

Traders snicker as Barclays blames technical problems


Barclays Borrows £1.6 Billion from Bank of England

By Edmund Conway and Philip Aldrick
The Telegraph, London
Friday, August 31, 2007


Barclays has been forced to tap the Bank of England's emergency lending fund after a major error in the City's trading systems wreaked havoc on the money markets.

Barclays annoyed to explain more emergency borrowing


Barclays Reassures After
More Emergency Borrowing

By Peter Thal Larsen and Chris Giles
Financial Times, London
via Yahoo News
Thursday, Aug 30, 2007


Mark Gilbert: If the SEC ever gets real, everything blows up


Unsafe at Any Rating:
CDO Speeds to CCC from AAA

By Mark Gilbert
Bloomberg News Service
Thursday, August 30, 2007


David Bond remembers Aaron Russo


9:15p ET Thursday, August 30, 2007

Dear Friend of GATA and Gold:

David Bond, editor of the Silver Valley Mining Journal, has written a wonderful remembrance of film maker and hard-money advocate Aaron Russo. You can find it at GoldSeek here:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Banks boost borrowing from Fed for second week


By Martin Crutsinger
Associated Press
Thursday, August 30, 2007


WASHINGTON -- Banks increased their borrowing from the Federal Reserve for a second straight week as the central bank worked to deal with a credit crunch that has roiled global financial markets.

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