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Daily Dispatches

European central banks cut sales of gold

Section: Daily Dispatches

By Javier Blas
Financial Times, London
Sunday, September 28, 2008

http://www.ft.com/cms/s/0/38c8d46c-8d7e-11dd-83d5-0000779fd18c.html

KYOTO, Japan -- European central banks have cut their sales of gold to the lowest level in almost a decade, reversing the practice of recent years when hefty sales helped depress prices.

Goldman Sachs faults NYTimes story on AIG exposure

Section: Daily Dispatches

Yes, everything must be fine at Goldman Sachs, as it was fine at Fannie Mae, Freddie Mac, Lehman Brothers, Enron, and the rest. That's why Goldman just converted to a bank with even greater borrowing rights at the Federal Reserve, right?

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By Jonathan Stempel
Reuters
Sunday, September 28, 2008

http://www.reuters.com/article/ousiv/idUSTRE48R3HQ20080928

Other countries unlikely to buy U.S. bailout bonds, China banker says

Section: Daily Dispatches

Chinese Banker Predicts Weakened U.S. Dollar in Long Term

From Xinhua News Agency, Beijing
Sunday, September 28,2008

http://news.xinhuanet.com/english/2008-09/28/content_10128470.htm

TIANJIN, China -- The U.S. dollar will face short-term fluctuations and weaken in the long run, a leading Chinese banker predicted here on Sunday.

Rescuing AIG, U.S. saved Goldman Sachs $20 billion

Section: Daily Dispatches

Behind Insurer's Crisis, Blind Eye to a Web of Risk

By Gretchen Morgenson
The New York Times
Sunday, September 28, 2008

http://www.nytimes.com/2008/09/28/business/28melt.html?_r=1&hp&o

"It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions."

David Morgan: How to get real metal from commodities exchanges

Section: Daily Dispatches

10:32p ET Thursday, September 25, 2008

Dear Friend of GATA and Gold:

Bank borrowing from Fed reaches record $188 billion a day

Section: Daily Dispatches

Fed Keeps Banks Afloat as Money Market Crisis Deepens

By John Parry and Jamie McGeeever
Reuters
Thursday, September 25, 2008

http://www.reuters.com/article/ousiv/idUSTRE48O9B920080925

Largest bank failure in history couldn't wait for Friday night

Section: Daily Dispatches

Government Seizes Wa-Mu and Sells Some Assets

By Eric Dash and Andrew Ross Sorkin
The New York Times
Friday, September 26, 2008

http://www.nytimes.com/2008/09/26/business/26wamu.html?_r=1&hp&o

Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in the largest bank failure in American history.

U.S. Mint runs out of 1-ounce gold buffaloes

Section: Daily Dispatches

By Frank Tang
Reuters
Thursday, September 25, 2008

NEW YORK -- The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory.

U.S. financial dominance is over -- and it's Germany saying so, not just Iran

Section: Daily Dispatches

By Noah Barkin
Reuters
Thursday, September 25, 2008

http://www.reuters.com/article/newsOne/idUSTRE48O2L020080925

BERLIN -- Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.

John Crudele: Paulson facilitates insider trading

Section: Daily Dispatches

By John Crudele
New York Post
Thursday, September 25, 2008

http://www.nypost.com/seven/09252008/business/bailout_plays_into_bernank...

... It has been fairly well documented (and not by me) that [Treasury Secretary Henry] Paulson was on the phone last week to Wall Street firms telling them that the federal government was riding to the rescue

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