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Daily Dispatches
Gold glitters in the eyes of Russia's billionaires
Submitted by cpowell on Wed, 2007-12-12 08:48 Section: Daily DispatchesBy Andy Hoffman
The Globe and Mail, Toronto
Wednesday, December 12, 2007
http://www.theglobeandmail.com/servlet/story/LAC.20071212.RGOLD12/TPStor...
For a growing list of Russian oligarchs, gold is the new oil.
Russia's wealthiest are piling into the bullion sector and eight of the country's 10 richest men are investing in gold.
Fed to try another way of injecting banks with cash
Submitted by cpowell on Wed, 2007-12-12 08:43 Section: Daily DispatchesBy Krishna Guha and Michael Mackenzie
Financial Times, London
Tuesday, December 11, 2007
http://www.ft.com/cms/s/0/6bcfd8ee-a80d-11dc-9485-0000779fd2ac.html
The Federal Reserve is set to overhaul the way it provides liquidity support to financial markets, following a negative reaction to Tuesday’s interest rate cut.
Ed Steer: Larry Lindsey lays it on the line
Submitted by cpowell on Mon, 2007-12-10 22:29 Section: Daily Dispatches10:24p ET Monday, December 10, 2007
Dear Friend of GATA and Gold:
Murray Pollitt: The big shorts in gold are also the big frauds
Submitted by cpowell on Mon, 2007-12-10 21:53 Section: Daily Dispatches10:11p ET Monday, December 10, 2007
Dear Friend of GATA and Gold:
Ted Butler: The cop on the beat -- Part III
Submitted by cpowell on Mon, 2007-12-10 21:46 Section: Daily Dispatches9:45p ET Monday, December 10, 2007
Dear Friend of GATA and Gold:
Trade dollars for an even more imaginary currency -- just please don't spend them!
Submitted by cpowell on Mon, 2007-12-10 19:47 Section: Daily Dispatches7:41p ET Monday, December 10, 2007
Dear Friend of GATA and Gold:
What may be a trial balloon was floated today in the Financial Times via an essay by a former U.S. Treasury Department official, Fred Bergsten, headlined "How to Solve the Problem of the Dollar," which is appended here.
Citigroup quietly unloads toxic SIVs to junior investors
Submitted by cpowell on Mon, 2007-12-10 19:10 Section: Daily DispatchesBy Paul J. Davies, David Wighton, and Adam Jones
Financial Times, London
Monday, December 10, 2007
http://www.ft.com/cms/s/0/e35b3628-a769-11dc-a25a-0000779fd2ac.html?ncli...
Societe Generale rescues SIV fund to avoid fire sale
Submitted by cpowell on Mon, 2007-12-10 18:27 Section: Daily DispatchesBy Sebastian Boyd and Gregory Viscusi
Bloomberg News Service
Monday, December 10, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoqP2ef8rtgM&refer=home
Societe Generale SA, France's second-biggest bank by market value, will bail out a $4.3 billion fund after losses related to the collapse of the U.S. subprime-mortgage market to avoid a fire sale of assets.
Troubled bond insurer gets $1 billion investment from buyout firm
Submitted by cpowell on Mon, 2007-12-10 17:48 Section: Daily DispatchesBy Dane Hamilton
Reuters
Monday, December 10, 2007
http://www.reuters.com/article/ousiv/idUSN0619739020071210
NEW YORK -- Buyout firm Warburg Pincus LLC said on Monday it would invest $1 billion in MBIA Inc., bolstering the finances of the world's largest bond insurer amid concern about its ability to pay claims on faltering mortgage-backed bonds.
MineWeb notes GATA campaign for Fed, Treasury gold documents
Submitted by cpowell on Mon, 2007-12-10 08:54 Section: Daily Dispatches8:53a ET Monday, December 10, 2007
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich takes note of GATA's campaign to compel the U.S. Federal Reserve and Treasury Department to disclose documents about swaps of U.S. gold reserves. You can find the MineWeb report here:
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=41691&sn=Detail
CHRIS POWELL, Secretary/Treasurer
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