Daily Dispatches

Fed considers plan to fund short-term business loans

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By Jeannine Aversa
Associated Press
via Yahoo News
Tuesday, October 7, 2008

http://news.yahoo.com/s/ap/20081007/ap_on_bi_ge/fed_credit_crisis;_ylt=A...

WASHINGTON -- The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.

An Asian bond could save us from the dollar

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10:11p ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

Treasury already has power to buy into failing companies

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Regulators Outline Steps to Quell Crisis

By Deborah Solomon
The Wall Street Journal
Tuesday, October 7, 2008

http://online.wsj.com/article/SB122334263094210175.html?

WASHINGTON -- Worsening market turmoil prompted U.S. financial regulators to outline steps they are using to boost the balance sheets of institutions reeling from the crisis.

Fed engineers 'stealth' cut in interest rate

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Fed Sets Floor Below Rate Target, Engineering 'Stealth' Cut

By Scott Lanman
Bloomberg News
Monday, October 6, 2008

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

NEW YORK -- The Federal Reserve may have cut borrowing costs today without actually saying so.

Michael Kosares: The big bailout of 2008

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7:09p ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its Internet site's invaluable bulletin board, the USAGold Forum, counts the chickens coming home to roost in the international financial system. His analysis is headlined "The Big Bailout of 2008" and you can find it at USAGold here:

Ted Butler: An exceptional opportunity

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6:21p ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler writes tonight in "An Exceptional Opportunity":

"We are currently positioned the best I have ever witnessed for risk and reward in silver. The downside looks extremely limited and the upside looks explosive. Yes, volatility is great, but everything is lined up perfectly."

Grandich Letter migrates to Agoracom

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'Paper Newsletter' Migrates Online

Subscription Base Key

By Grant Surridge
Financial Post / National Post, Toronto
Monday, October 06, 2008

http://www.financialpost.com/story.html?id=862395

It has scrambled the business model for print publications of all kinds, so it's hardly a surprise that the Internet is changing the game for investing newsletters too.

Another henhouse, another fox

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Paulson Picks Interim Head for Rescue Effort

By Martin Crutsinger
Associated Press
via Yahoo News
Monday, October 6, 2008

http://news.yahoo.com/s/ap/20081006/ap_on_bi_ge/meltdown_kashkari;_ylt=A...

WASHINGTON -- The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion rescue effort for financial institutions.

It's not just the government and banks but the people too

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3:38a ET Monday, October 6, 2008

Dear Friend of GATA and Gold:

NBC Television's "Saturday Night Live" program satirized the other night not only the U.S. government's response to the collapse of the banking system but also one of its causes, the venality of much of the citizenry. You can watch it here:

http://www.nbc.com/Saturday_Night_Live/video/clips/c-span-bailout/727521...

Lending to companies, states may be Fed's next crisis

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By Scott Lanman and John Brinsley
Bloomberg News
Monday, October 6, 2008

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

WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke may find the next fronts of the financial crisis to be just as chilling as last month's downfall of Wall Street titans: its spread to corporate America and state and local governments.

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