Daily Dispatches

Are America's banks being nationalized by the Fed?

Submitted by cpowell on Sun, 2008-03-16 15:03 Section: Daily Dispatches

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

http://www.nysun.com/article/72721?page_no=1

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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Paulson defends Bear bailout, evades issue of more bailouts

Submitted by cpowell on Sun, 2008-03-16 11:45 Section: Daily Dispatches

Treasury Chief Defends Fed's Intervention

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

http://news.yahoo.com/s/ap/20080316/ap_on_go_ca_st_pe/paulson_credit_cri...

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Venezuela reported moving some oil contracts to euros

Submitted by cpowell on Sat, 2008-03-15 21:32 Section: Daily Dispatches

From Agence France-Press
via Yahoo News
Saturday, March 15, 2008

http://news.yahoo.com/s/afp/20080315/bs_afp/venezuelacommoditiesoilcurre...

CARACAS -- Venezuelan state oil giant PDVSA has decided to sign some oil contracts in euros in the face of a plummeting dollar, local media reported, citing officials.

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In the U.S., Big Brother monitors your every financial transaction

Submitted by cpowell on Sat, 2008-03-15 19:37 Section: Daily Dispatches

These are the laws of my administration ...
No one's allowed to smoke
Or tell a dirty joke
And whistling is forbidden.
If chewing gun is chewed
The chewer is pursued
And in the hoosegow hidden.
If any form of pleasure is exhibited,
Report to me and it will be prohibited.
I'll put my foot down.
So shall it be.
This is the land of the free.

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More rate cuts from Fed expected Tuesday

Submitted by cpowell on Sat, 2008-03-15 19:02 Section: Daily Dispatches

By Jeannine Aversa
Associated Press
via Yahoo News
Saturday, March 15, 2008

http://news.yahoo.com/s/ap/20080315/ap_on_bi_ge/fed_interest_rates

WASHINGTON -- Desperate to aid an economy in crisis, the Federal Reserve is ready to deliver yet another big interest rate cut.

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Ron Paul: What the price of gold is telling us

Submitted by cpowell on Sat, 2008-03-15 13:35 Section: Daily Dispatches

1:30p ET Saturday, March 15, 2008

Dear Friend of GATA and Gold:

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President convenes Plunge Protection Team on Monday

Submitted by cpowell on Sat, 2008-03-15 12:57 Section: Daily Dispatches

Bush to Meet with
Financial Policymakers

By James Vicini and Tim Ahmann
Reuters
Saturday, March 15, 2008

http://www.reuters.com/article/ousiv/idUSN1546284420080315

WASHINGTON -- President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, with the meeting coming at a time of increased strains in credit markets.