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Daily Dispatches
Uncle Sam taps piggy bank, borrows to aid market
Submitted by cpowell on Wed, 2008-09-17 21:49 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
via Yahoo News
Wednesday, September 17, 2008
http://news.yahoo.com/s/ap/20080917/ap_on_bi_ge/uncle_sam_s_piggy_bank;_...
WASHINGTON -- Where does Uncle Sam come up with huge sums of money during a financial emergency?
Like the rest of us, the government taps its reserves and borrows if it needs more.
Flight to quality may break more money funds
Submitted by cpowell on Wed, 2008-09-17 21:38 Section: Daily DispatchesBy Floyd Norris
The New York Times
Thursday, September 17, 2008
http://norris.blogs.nytimes.com/2008/09/17/flight-to-quality/
A money manager advises that the ultimate flight to quality is under way, and he cannot find Treasury bills to buy.
Centennial group analyzes gold's performance in crisis
Submitted by cpowell on Wed, 2008-09-17 20:45 Section: Daily Dispatches8:45p ET Wednesday, September 17, 2008
Dear Friend of GATA and Gold:
Three staffers of Centennial Precious Metals/USAGold in Denver -- Jonathan Kosares, Peter Grant, and George Cooper -- take 10 minutes to discuss the topic "Financial Crisis and Gold," including the explosion of demand for the real thing in hand and the real thing's invulnerability to default, in this video posted today:
Ambrose Evans-Pritchard: Market votes no confidence in Fed
Submitted by cpowell on Wed, 2008-09-17 20:36 Section: Daily DispatchesGlobal Credit System Suffers Cardiac Arrest on U.S. Crash
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, September 18, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/18/ccambr...
Goldman Sachs may have to merge or divest assets -- starting with U.S. Government
Submitted by cpowell on Wed, 2008-09-17 20:13 Section: Daily DispatchesBanks Rush to Do Deals as Wall Street Crisis Deepens
By Jack Reerink
Reuters
Wednesday, September 17, 2008
http://www.reuters.com/article/topNews/idUSHKG1567720080917?pageNumber=2...
SEC bans naked shorting for all securities
Submitted by cpowell on Wed, 2008-09-17 17:07 Section: Daily DispatchesNow that more than mining shares are the victims....
* * *
U.S. Securities and Exchange Commission
Press Release
SEC Issues New Rules to Protect Investors
Against Naked Short Selling Abuses
Wednesday, September 17, 2008
Fed chairman sought control of commodity prices
Submitted by cpowell on Wed, 2008-09-17 12:14 Section: Daily Dispatches12:12p ET Wednesday, September 17, 2008
Dear Friend of GATA and Gold:
Feds seeking buyer for Washington Mutual
Submitted by cpowell on Wed, 2008-09-17 11:53 Section: Daily DispatchesBy Zachery Kouwe and Mark DeCambre
New York Post
Wednesday, September 17, 2008
http://www.nypost.com/seven/09172008/business/feds_try_to_find_a_buyer_f...
Treasury bails out Fed; now who bails out Treasury?
Submitted by cpowell on Wed, 2008-09-17 11:37 Section: Daily DispatchesU.S. Treasury Department Press Release
Treasury Announces Supplementary Financing Program
September 17, 2008
Venezuela may buy gold for coins, other investment products
Submitted by cpowell on Wed, 2008-09-17 08:37 Section: Daily DispatchesBy Claudia Carpenter
Bloomberg News
Wednesday, September 17, 2008
http://www.bloomberg.com/apps/news?pid=20601086&sid=aVL5dFLFQ52s
Venezuela's central bank may buy 15 metric tons of gold a year to develop gold investment products including coins, said Eli Sanchez, head of the gold department at Venezuela's central bank.
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