Daily Dispatches

Fed rallies Wall Street to aid ailing Lehman Brothers


By Helen Power and James Quinn
The Telegraph, London
Tuesday, March 18, 2008


Wall street's leading investment banks have rallied around ailing rival Lehman Brothers after the Federal Reserve Bank of New York urged them to support the institution in order to try to preserve financial stability.

Gretchen Morgenson: Rescue me -- Fed bailout crosses a line


By Gretchen Morgenson
The New York Times
Sunday, March 16, 2008


Rescuing dollar raises potential policy tug-of-war


Rescuing Dollar Raises
Potential Policy Tug of War

Treasury Intervention
Would Reduce Supply,
Undermining Fed Boost

By Craig Karmin
The Wall Street Journal
Tuesday, March 18, 2008

Banks want five times the emergency cash offered by Bank of England


British Banks Hold Out Their Begging Bowls

By Siobhan Kennedy
The Times, London
Tuesday, March 18, 2008


High Street banks went with begging bowls to the Bank of England yesterday, seeking more than L23 billion in emergency loans as fears over the global credit crunch deepened.

Paulson wants 'strong dollar' but will world prop it up?


Paulson Declines Comment
on Dollar Intervention

By Veronica Smith
Agence France-Presse
via Yahoo News
Monday, March 17, 2008


Dollar's nosedive stirs joint intervention jitters


By Satomi Noguchi
Monday, March 17, 2008


TOKYO -- The dollar's sharp slide to 13-year lows against the yen and fresh all-time lows versus the euro today is stoking jitters about the possibility of joint central bank intervention to prop up the dollar.

James Turk: Counterparty risk is escalating


8:53a ET Monday, March 17, 2008

Dear Friend of GATA and Gold:

Murphy's Friday 'Midas' posted in the clear at GoldSeek


10:05p ET Sunday, March 16, 2008

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy's "Midas" commentary from Friday at LeMetropoleCafe.com has been posted in the clear at GoldSeek. It contains some encouragement to register for the conference GATA will hold from April 17-19, "GATA Goes to Washington -- Anybody Seen Our Gold?"

Ambrose Evans-Pritchard: Here comes the worldwide currency debasement


U.S. Losing Confidence Vote as Investors Flee

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 17, 2008


Fed ready to play pawnbroker to the Western world


If you're a 'non-bank,' can you get one of these loans to buy gold?

* * *

Fed Cuts Discount Rate,
Says Dealers May Borrow

By Scott Lanman
Bloomberg News Service
Sunday, March 16, 2008


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