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Daily Dispatches
SEC charges Sentinel with fraud for commingling, misappropriating, leveraging
Submitted by cpowell on Mon, 2007-08-20 20:50 Section: Daily DispatchesBy James B. Kelleher
Reuters
Monday, August 20, 2007
http://www.reuters.com/article/businessNews/idUSN2031044920070820
CHICAGO -- The U.S. Securities and Exchange Commission filed civil fraud charges on Monday against Sentinel Management Group Inc, the cash management firm serving the U.S. futures industry that filed for Chapter 11 bankruptcy protection late on Friday.
Ambrose Evans-Pritchard: Blame central banking, not capitalism
Submitted by cpowell on Mon, 2007-08-20 20:12 Section: Daily DispatchesCapitalism Not to Blame for Debacle
By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, August 21, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/21/ccbank...
The witch hunt has begun.
Goldman strategist predicts three rate cuts by year-end
Submitted by cpowell on Mon, 2007-08-20 20:03 Section: Daily DispatchesMarkets Wary of Further Fed Cuts
as US Bond Yields Dive to '87 Levels
By Ambrose Evans-Pritchard and David Litterick
The Telegraph, London
Tuesday, August 22, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/21/cnmark...
Fed fails to calm money markets as commercial paper dump continues
Submitted by cpowell on Mon, 2007-08-20 19:53 Section: Daily DispatchesFed Fails to Calm Money Markets
By Krishna Guha, Francesco Guerrera, and Saskia Scholtes
Financial Times, London
Monday, August 20, 2007
http://www.ft.com/cms/s/0/699699f4-4f21-11dc-b485-0000779fd2ac.html
Most U.S. primary dealer banks expect fed funds rate cut soon
Submitted by cpowell on Mon, 2007-08-20 19:39 Section: Daily DispatchesCalm After Fed Move Turns to Uncertainty
By Kevin Plumberg
Reuters
Monday, August 20, 2007
http://www.reuters.com/article/bondsNews/idUSL2068258020070820
NEW YORK -- The initial euphoria in financial markets after Friday's Federal Reserve discount rate cut faded on Monday, and questions began to be asked about what more needed to be done to improve confidence in lending.
What's in YOUR wallet? Do you even HAVE one now?
Submitted by cpowell on Mon, 2007-08-20 19:28 Section: Daily DispatchesCapitol One Shuts Mortage Unit, Sheds 1,900 Jobs
By Mike Baker
Associated Press
via Yahoo News
Monday, August 20, 2007
http://news.yahoo.com/s/ap/20070820/ap_on_bi_ge/capital_one_financial_wh...
How a panicky day led the Fed to act
Submitted by cpowell on Mon, 2007-08-20 02:17 Section: Daily DispatchesFreezing of Credit
Drives Sudden Shift;
Shoving to Make Trades
By Randall Smith, Carrick Mollenkamp, Joellen Perry, and Grep Ip
The Wall Street Journal
Monday, August 20, 2007
Strains in financial markets had been evident for weeks, but Thursday, Aug. 16, was different.
Ambrose Evans-Pritchard: Bernanke fears economy will hit brick wall
Submitted by cpowell on Sun, 2007-08-19 20:59 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, August 20, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/20/ccview...
Another German bank bailed out amid credit crunch
Submitted by cpowell on Sun, 2007-08-19 12:05 Section: Daily DispatchesSachsen LB is Bailed Out As
Credit Crunch Fallout Widens
By Ivar Simensenin
Financial Times, London
Sunday, August 18, 2007
http://www.ft.com/cms/s/9e6e71ac-4d22-11dc-a51d-0000779fd2ac.html
China seen likely to keep investing in private equity
Submitted by cpowell on Sun, 2007-08-19 11:49 Section: Daily DispatchesChina Eyes Investing in Private Equity, Hedge Funds
By Langi Chiang
Reuters
Sunday, August 19, 2007