Daily Dispatches

China will keep buying U.S. Treasuries as it diversifies reserves

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By Christina Soon
Bloomberg News Service
Sunday, March 11, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5waLpE3W.zc&refer=h...

BEIJING -- China will keep buying U.S. Treasuries after a new state investment agency begins operations to help the nation manage its $1.07 trillion foreign-exchange reserves, central bank Vice Governor Wu Xiaoling said.

Concern grows over inadequate funding of commodities trading regulator

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By Jeremy Grant
Financial Times, London
Sunday, March 11, 2007

http://www.ft.com/cms/s/2b51ab1c-cfdc-11db-94cb-000b5df10621.html

WASHINGTON -- Concern that US regulators may be too financially stretched to continue adequately to oversee the booming futures markets was thrown into focus on Friday when a top Democrat promised to investigate the issue.

No more no-money-down mortgages from Countrywide

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From Reuters
Friday, March 9, 2007

http://news.yahoo.com/s/nm/20070309/bs_nm/subprime_countrywide_dc;_ylt=A...

Countrywide Financial Corp., the largest U.S. mortgage lender, on Friday told its brokers to stop offering borrowers the option of no-money-down home loans, according to a document obtained by Reuters.

A mining speculator fights a gold Goliath high in the Andes

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Rick Westhead
Toronto Star
Saturday, March 10, 2007

http://www.thestar.com/article/190390

COPIAPO, Chile -- When mining speculator Rodolfo Villar discovered Canada's Barrick Gold Corp. wanted to buy his claim to a remote, rugged tract of land in the Andes mountains, he anticipated a million-dollar payday.

China forms company to spend FX reserves

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By Joe McDonald
Associated Press
via Yahoo News
Friday, March 9, 2007

http://news.yahoo.com/s/ap/20070309/ap_on_bi_ge/china_foreign_reserves;_...

Paulson tells China: Let Goldman Sachs, Morgan Chase take over your banks

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Paulson Urges China
to Deepen Reforms

By Geoff Dyer
Financial Times, London
Thursday, March 8, 2007

http://www.ft.com/cms/s/9f4f846e-cd0a-11db-a938-000b5df10621.html

Martin Armstrong: The white-collar defendant time forgot

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8p ET Wednesday, March 7, 2007

Dear Friend of GATA and Gold:

Assuming government bailout protection, Moody's upgrades Morgan Chase

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By Joseph N. DiStefano and Steven Bodzin
Bloomberg News Service
Saturday, March 3, 2007

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abohn9cD2fIw

JPMorgan Chase & Co., Bank of New York Co., and State Street Bank & Trust Co. gained higher credit ratings from Moody's Investors Service Inc., which said the U.S. government would back the banks if they faced default.

Hugo Salinas Price: A fairy-tale world

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9:46p ET Tuesday, March 6, 2007

Dear Friend of GATA and Gold:

James Turk: $720 gold in two months

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3:35p ET Tuesday, March 6, 2007

Dear Friend of GATA and Gold:

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