Daily Dispatches

How Goldman won big on mortgage meltdown


On Mortgage Meltdown
A Team's Bearish Bets
Netted Firm Billions;
A Nudge From the CFO

By Kate Kelly
The Wall Street Journal
Friday, December 14, 2007

Central bankers worry whether action plan will work


By Mike Peacock
Friday, December 14, 2007


LONDON -- Top European central bankers expressed concern on Friday about the success of a concerted action plan to grease the wheels of seized-up money markets, as U.S. banking giant Citigroup faced fresh strife.

Ambrose Evans-Pritchard: More liquidity without inflation?


World Bankers Resort to Firebreak

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, December 13, 2007


James Turk: Liquidity won't help insolvency


11:15p ET Wednesday, December 12, 2007

Dear Friend of GATA and Gold:

Martin Wolf: The helicopters start to drop money


By Martin Wolf
Financial Times, London
Wednesday, December 12, 2007


The central bank helicopters are planning a co-ordinated drop of liquidity on troubled market waters. The money to be dropped now is not that large. But if this does not work, more will surely follow. The helicopters will fly again and again and again.

Fed's money helicopters take off for Europe, Britain, Canada


Fed Teams With Central Banks on Credit

By Martin Crutsinger
Associated Press
via Yahoo News
Wednesday, December 12, 2007


WASHINGTON -- The Federal Reserve announced Wednesday it is coordinating with other central banks to deal with the global credit crunch.

Gold glitters in the eyes of Russia's billionaires


By Andy Hoffman
The Globe and Mail, Toronto
Wednesday, December 12, 2007


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


By Krishna Guha and Michael Mackenzie
Financial Times, London
Tuesday, December 11, 2007


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


10:24p ET Monday, December 10, 2007

Dear Friend of GATA and Gold:

Murray Pollitt: The big shorts in gold are also the big frauds


10:11p ET Monday, December 10, 2007

Dear Friend of GATA and Gold:

Syndicate content