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Daily Dispatches
Liberty Dollar founder defiant at Silver Summit
Submitted by cpowell on Sat, 2008-09-20 09:24 Section: Daily DispatchesLegal Issues Still Dog Liberty Dollar
By Rick Thomas
Coeur d'Alene Press
Coeur d'Alene, Idaho
Friday, September 19, 2008
http://www.cdapress.com/articles/2008/09/20/business/bus01.txt
COEUR d'ALENE -- All that was missing was shackles on his ankles.
Citigroup report credits gold bugs for seeing danger of derivatives
Submitted by cpowell on Fri, 2008-09-19 16:57 Section: Daily Dispatches4:55p ET Friday, September 19, 2008
Dear Friend of GATA and Gold:
The Citigroup gold report cited in today's dispatch, which credits gold bugs for seeing that derivatives would destroy the world financial system, can be found here:
http://www.gata.org/files/CitigroupGoldReport-09-17-2008.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Bugs were right about derivatives disaster, Citigroup analysts say
Submitted by cpowell on Fri, 2008-09-19 10:40 Section: Daily Dispatches10:30a ET Friday, September 19, 2008
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich writes about a new report from Citigroup analysts John H. Hill and Graham Wark, who last year wrote a report acknowledging that central banks were strategically intervening in the gold market to suppress gold's price. You can find their report from last year here:
Treasury taps ESF to guarantee money-market funds
Submitted by cpowell on Fri, 2008-09-19 08:40 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
Friday, September 19, 2008
http://news.yahoo.com/s/ap/20080919/ap_on_bi_ge/fund_rescue;_ylt=AsiOvFv...
WASHINGTON -- The Treasury Department announced Friday it will tap into a Depression-era fund to provide guarantees for the nation's money market mutual funds.
Govt. would buy all bad loans, back money-market funds
Submitted by cpowell on Fri, 2008-09-19 00:22 Section: Daily DispatchesCiting Grave Financial Threats, Officials Ready Massive Rescue
Lawmakers Work With Fed, Treasury To Try to Restore The Flow of Money
By Binyamin Appelbaum and Lori Montgomery
Washington Post
Friday, September 19, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/18/AR200809...
Bye-bye, deflation -- Comprehensive bailout in the works
Submitted by cpowell on Thu, 2008-09-18 21:15 Section: Daily DispatchesPossible U.S. Bailout Grips Washington, Wall Street
By Kevin Drawbaugh and Jeremy Pelofsky
Reuters
Thursday, September 18, 2008
Chinese govt. buys bank shares, drops tax on stock trading
Submitted by cpowell on Thu, 2008-09-18 21:02 Section: Daily DispatchesBy Nipa Piboontanasawat and Wing-Gar Cheng
Bloomberg News
Friday, September 19, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=azK0n73WyuOc&refer=home
China will scrap the tax on stock purchases and buy shares in three of the largest state-owned banks to shore up investor confidence in the world's second- worst-performing stock market this year.
SEC plans to ban short-selling temporarily
Submitted by cpowell on Thu, 2008-09-18 20:44 Section: Daily DispatchesBy Kara Scannell and Deborah Solomon
The Wall Street Journal
Thursday, September 18, 2008
WASHINGTON -- The Securities and Exchange Commission took its most aggressive assault against bearish stock bets by stating its intention to issue a temporary ban on short-selling.
SEC adopts rules against 'naked' short-selling
Submitted by cpowell on Thu, 2008-09-18 00:21 Section: Daily DispatchesBy Marcy Gordon
Associated Press
Wednesday, September 17, 2008
http://news.yahoo.com/s/ap/20080918/ap_on_bi_ge/sec_short_selling
Taiwan's government ready to prop up stock market
Submitted by cpowell on Wed, 2008-09-17 23:22 Section: Daily DispatchesBy Janet Ong
Bloomberg News
Thursday, September 18, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=awTskJv0r7KY&refer=home
TAIPEI, Taiwan -- Taiwan's government said the "conditions are right" for the government fund to buy stocks after the benchmark Taiex index fell to its lowest in four years.