Daily Dispatches

Jason Hommel: Why don't the miners do something?

Section:

10:30p ET Friday, September 12, 2008

Dear Friend of GATA and Gold:

John Embry: When gold is gone, market will go nuts

Section:

10:20p ET Friday, September 12, 2008

Dear Friend of GATA and Gold:

Morgan Chase aiming to acquire Washington Mutual

Section:

By John Poirier
Reuters
Friday, September 12, 2008

http://www.reuters.com/article/ousiv/idUSWAT01003820080912

WASHINGTON -- JPMorgan Chase & Co. is in advanced discussions to acquire Washington Mutual Inc., a source familiar with the discussions said on Friday. "They are in advanced talks," the source told Reuters.

* * *

Join GATA here:

Silver Summit

Mortgage mess seen pushing China away from dollars

Section:

China May Cut Its Dollar Holdings: CICC

From China Daily, Beijing
Friday, September 12, 2008

http://www.chinadaily.com.cn/china/2008-09/12/content_7020656.htm

China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp. (CICC), one of the nation's biggest investment banks.

Fed, Treasury brokering deal to rescue Lehman Brothers

Section:

Lehman Races to Find a Buyer

Bank of America Is Said
To Be in Preliminary Talks;
U.S. Plays Matchmaking Role

By Matthew Karnitschnig, Carrick Mollenkampf,
Susanne Craig, and Annelena Lobb
The Wall Street Journal
Friday, September 12, 2008

http://online.wsj.com/article/SB122116292232524671.html?mod=hpp_us_whats...

Fed's next move could be to cut, not raise interest rates

Section:

By Chris Isidore
CNNMoney.com
Thursday, September 11, 2008

http://money.cnn.com/2008/09/10/news/economy/fed_outlook/index.htm

NEW YORK -- While the Federal Reserve is widely expected to once again hold a key interest rate at 2% when it meets on Tuesday, there is a growing sense that the Fed may have to cut rates by the end of the year.

Central banks may be destroying their own tool, the futures markets

Section:

9:41p ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

Bank of England refuses permanent support to mortgage lenders

Section:

Bank of England Cannot Save Mortgage Market, Its Governor Says

By Edmund Conway
The Telegraph, London
Thursday, September 11, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/12/cnking...

Britain's stricken mortgage lenders cannot rely on the Bank of England to support them through the credit crisis, Mervyn King has warned.

CFTC acknowledges possible off-market commodity price manipulation

Section:

CFTC Moves to Curb Commodity Speculation

By Javier Blas
Financial Times, London
Thursday, September 11, 2008

http://www.ft.com/cms/s/0/25869288-8025-11dd-99a9-000077b07658.html?ncli...

New steps to curb speculation in commodity markets have been launched by US regulators in response to growing pressure from Washington lawmakers.

Gold price suppression makes CNBC thanks to Tyche analyst

Section:

2p ET Thursday, September 11, 2008

Dear Friend of GATA and Gold:

Syndicate content