Daily Dispatches

James Turk: Counterparty risk is escalating


8:53a ET Monday, March 17, 2008

Dear Friend of GATA and Gold:

Murphy's Friday 'Midas' posted in the clear at GoldSeek


10:05p ET Sunday, March 16, 2008

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary from Friday at LeMetropoleCafe.com has been posted in the clear at GoldSeek. It contains some encouragement to register for the conference GATA will hold from April 17-19, "GATA Goes to Washington -- Anybody Seen Our Gold?"

Ambrose Evans-Pritchard: Here comes the worldwide currency debasement


U.S. Losing Confidence Vote as Investors Flee

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 17, 2008


Fed ready to play pawnbroker to the Western world


If you're a 'non-bank,' can you get one of these loans to buy gold?

* * *

Fed Cuts Discount Rate,
Says Dealers May Borrow

By Scott Lanman
Bloomberg News Service
Sunday, March 16, 2008


Bear turns out to be worth just a fraction of its office building


JPMorgan Buys Bear Stearns at Huge Discount

By Andrew Ross Sorkin
and Landon Thomas
The New York Times
Sunday, March 16, 2008


Fed creates another loan fund for investment banks, cuts rate


Fed Takes New Steps to Ease Crisis

By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, March 16, 2008


WASHINGTON -- The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.

Morgan gets Bear for $2 per share, with more Fed financing


JP Morgan Closes Deal on Bear Stearns

By Joe Bel Bruno and Madlen Read
Associated Press
via Yahoo News
Sunday, March 16, 2008


Morgan races to acquire Bear before Asian markets open


By Dennis K. Berman, Susanne Craig, and Kate Kelly
The Wall Street Journal
Sunday, March 16, 2008

Bear Stearns Cos. was closing in on a deal Sunday afternoon to sell itself to J.P. Morgan Chase & Co., as worries deepened that the financial crisis of confidence could spread if Bear failed to find a buyer by Monday morning.

Steve Randy Waldman: Repurchase agreements and covert nationalization of banks


By Steve Randy Waldman
Saturday, March 8, 2008


Are America's banks being nationalized by the Fed?


By Julie Satow
New York Sun
Wednesday, March 12, 2008


While investors rejoiced yesterday at the news the Federal Reserve would flood the market with $200 billion in liquidity, a throng of economists and market commentators is fretting that the Fed's latest approach will accelerate inflation and weaken its own balance sheet.

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