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Daily Dispatches
James Turk: Banking system is 'a house of cards'
Submitted by cpowell on Sun, 2007-09-16 12:21 Section: Daily Dispatches12:25p ET Sunday, September 16, 2007
Dear Friend of GATA and Gold:
Angry savers forcing sale of Northern Rock
Submitted by cpowell on Sun, 2007-09-16 00:30 Section: Daily DispatchesBy Iain Dey and Patrick Hennessy
The Telegraph, London
Sunday, September 16, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=WRKLTFU5KMZUFQFIQ...
Northern Rock, the crisis-hit bank under siege from thousands of its customers, was preparing itself last night for a selloff, The Sunday Telegraph can reveal.
Bankers fear L12 billion run on Northern Rock
Submitted by cpowell on Sun, 2007-09-16 00:23 Section: Daily DispatchesDavid Smith, Grant Ringshaw, and Holly Watt
The Times, London
Sunday, September 16, 2007
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_...
Northern Rock, the mortgage bank rescued by the Bank of England last week, could see as much as L12 billion -- nearly half its deposits -- withdrawn by worried savers, experts say.
European Union drawing cross-border bank-bailout plans
Submitted by cpowell on Sat, 2007-09-15 23:54 Section: Daily DispatchesBy Huw Jones
Reuters
Saturday, September 15, 2007
http://www.reuters.com/article/ousiv/idUSL1529380120070915
PORTO, Portugal -- European Union finance ministers and central bankers agreed on Saturday to step up co-operation among themselves to improve their handling of cross-border financial crises.
Michael Kosares: Northern Rock hints at years of bailouts ahead
Submitted by cpowell on Sat, 2007-09-15 14:13 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Saturday, September 15, 2007
The bailout of Northern Rock by the Bank of England shows once again the depth of the crisis now prowling the world financial system.
Europe surprised at Bank of England's rescue of Northern Rock
Submitted by cpowell on Fri, 2007-09-14 20:21 Section: Daily DispatchesBy Tony Barber and Gillian Tett
Financial Times, London
via Yahoo News
Friday, September 14, 2007
http://news.yahoo.com/s/ft/20070914/bs_ft/fto091420071829453431;_ylt=AgB...
Britain sees a bank run
Submitted by cpowell on Fri, 2007-09-14 11:55 Section: Daily DispatchesNorthern Rock Customers Queue for Cash
By Emma Thelwell
The Telegraph, London
Friday, September 14, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQ...
The credit crisis spilled onto Britain's high streets today as worried Northern Rock customers queued up to withdraw their savings.
John Embry: Lending crisis sets U.S. dollar on fatal course
Submitted by cpowell on Fri, 2007-09-14 09:07 Section: Daily Dispatches9a ET Friday, September 14, 2007
Dear Friend of GATA and Gold:
Mint suspends gold coin sales pending price increase
Submitted by cpowell on Fri, 2007-09-14 08:50 Section: Daily DispatchesGold American Eagle Sales Suspended
From Numismatic News, Cincinnati, Ohio
Thursday, September 13, 2007
http://www.numismaticnews.net/Default.aspx?tabid=459&articleid=7914&arti...
Sales of some 2007 gold American Eagles were suspended by the U.S. Mint late Thursday, Sept. 13, due to the rising price of gold bullion on international markets.
Andy Mukherjee: Rising euro is just what China needs to dump dollar
Submitted by cpowell on Thu, 2007-09-13 23:41 Section: Daily DispatchesBy Andy Mukherjee
Bloomberg News Service
Friday, September 14, 2007
http://quote.bloomberg.com/apps/news?pid=20601039&refer=columnist_mukher...
SINGAPORE -- Juxtapose China's latest trade statistics with a strengthening euro and you get a very real possibility of significantly quicker appreciation in the yuan against the U.S. dollar.
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