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Daily Dispatches

Most U.S. primary dealer banks expect fed funds rate cut soon

Section: Daily Dispatches

Calm After Fed Move Turns to Uncertainty

By Kevin Plumberg
Reuters
Monday, August 20, 2007

http://www.reuters.com/article/bondsNews/idUSL2068258020070820

NEW YORK -- The initial euphoria in financial markets after Friday's Federal Reserve discount rate cut faded on Monday, and questions began to be asked about what more needed to be done to improve confidence in lending.

What's in YOUR wallet? Do you even HAVE one now?

Section: Daily Dispatches

Capitol One Shuts Mortage Unit, Sheds 1,900 Jobs

By Mike Baker
Associated Press
via Yahoo News
Monday, August 20, 2007

http://news.yahoo.com/s/ap/20070820/ap_on_bi_ge/capital_one_financial_wh...

How a panicky day led the Fed to act

Section: Daily Dispatches

Freezing of Credit
Drives Sudden Shift;
Shoving to Make Trades

By Randall Smith, Carrick Mollenkamp, Joellen Perry, and Grep Ip
The Wall Street Journal
Monday, August 20, 2007

Strains in financial markets had been evident for weeks, but Thursday, Aug. 16, was different.

Another German bank bailed out amid credit crunch

Section: Daily Dispatches

Sachsen LB is Bailed Out As
Credit Crunch Fallout Widens

By Ivar Simensenin
Financial Times, London
Sunday, August 18, 2007

http://www.ft.com/cms/s/9e6e71ac-4d22-11dc-a51d-0000779fd2ac.html

China seen likely to keep investing in private equity

Section: Daily Dispatches

China Eyes Investing in Private Equity, Hedge Funds

By Langi Chiang
Reuters
Sunday, August 19, 2007

http://www.reuters.com/article/ousiv/idUSPEK22323520070819

Expectations grow for another interest rate cut by Fed

Section: Daily Dispatches

Will the Fed's Cut Restore Calm, Saving Economy?

Most Economists Say Benanke and Fed Have More Work to Do

By Rex Nutting
MarketWatch.com
Friday, August 17, 2007

http://www.marketwatch.com/news/story/feds-friday-rate-cut-work/story.as...

Jim Sinclair: A new Sodom and Gomorrah run by the money changers

Section: Daily Dispatches

By Jim Sinclair
www.JSMineSet.com
Friday, August 17, 2007

Today takes the cake in geek speak. The talking heads discussed the following:

-- The Fed's moral hazard (as if they care).

-- The Bernanke put. (Why not? Greenspan did it.)

-- The Fed's problems with inter-temporal considerations. (Huh?)

In withdrawal line, Countrywide customer muses about buying gold

Section: Daily Dispatches

Countrywide Bank Customers Fret Over Deposits

By Alexandria Sage
Reuters
Friday, August 17, 2007

http://www.reuters.com/article/domesticNews/idUSN1721531120070817

Bank of England suppresses speech on financial system's (in)stability

Section: Daily Dispatches

Bank Pulls Speech to Quell Instability

By Edmund Conway
The Telegraph, London
Friday, August 17, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/18/cnboe1...

The Bank of England has taken the unusual step of withholding a speech by a key executive for fear of adding to market insecurity.

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