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Daily Dispatches
Rescuing AIG, U.S. saved Goldman Sachs $20 billion
Submitted by cpowell on Sun, 2008-09-28 09:26 Section: Daily DispatchesBehind Insurer's Crisis, Blind Eye to a Web of Risk
By Gretchen Morgenson
The New York Times
Sunday, September 28, 2008
http://www.nytimes.com/2008/09/28/business/28melt.html?_r=1&hp&o
"It is hard for us, without being flippant, to even see a scenario within any kind of realm of reason that would see us losing one dollar in any of those transactions."
David Morgan: How to get real metal from commodities exchanges
Submitted by cpowell on Thu, 2008-09-25 22:38 Section: Daily Dispatches10:32p ET Thursday, September 25, 2008
Dear Friend of GATA and Gold:
Bank borrowing from Fed reaches record $188 billion a day
Submitted by cpowell on Thu, 2008-09-25 22:20 Section: Daily DispatchesFed Keeps Banks Afloat as Money Market Crisis Deepens
By John Parry and Jamie McGeeever
Reuters
Thursday, September 25, 2008
Largest bank failure in history couldn't wait for Friday night
Submitted by cpowell on Thu, 2008-09-25 21:56 Section: Daily DispatchesGovernment Seizes Wa-Mu and Sells Some Assets
By Eric Dash and Andrew Ross Sorkin
The New York Times
Friday, September 26, 2008
http://www.nytimes.com/2008/09/26/business/26wamu.html?_r=1&hp&o
Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night in the largest bank failure in American history.
U.S. Mint runs out of 1-ounce gold buffaloes
Submitted by cpowell on Thu, 2008-09-25 18:15 Section: Daily DispatchesBy Frank Tang
Reuters
Thursday, September 25, 2008
NEW YORK -- The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory.
U.S. financial dominance is over -- and it's Germany saying so, not just Iran
Submitted by cpowell on Thu, 2008-09-25 18:03 Section: Daily DispatchesBy Noah Barkin
Reuters
Thursday, September 25, 2008
http://www.reuters.com/article/newsOne/idUSTRE48O2L020080925
BERLIN -- Germany blamed the United States on Thursday for spawning the global financial crisis with a blind drive for higher profits and said it would now have to accept greater market regulation and a loss of its financial superpower status.
John Crudele: Paulson facilitates insider trading
Submitted by cpowell on Thu, 2008-09-25 11:14 Section: Daily DispatchesBy John Crudele
New York Post
Thursday, September 25, 2008
http://www.nypost.com/seven/09252008/business/bailout_plays_into_bernank...
... It has been fairly well documented (and not by me) that [Treasury Secretary Henry] Paulson was on the phone last week to Wall Street firms telling them that the federal government was riding to the rescue
Bailout can't hide it; the country is busted
Submitted by cpowell on Thu, 2008-09-25 10:22 Section: Daily DispatchesBy Chris Powell
Journal Inquirer, Manchester, Connecticut
Thursday, September 25, 2008
http://www.journalinquirer.com/articles/2008/09/25/chris_powell/doc48db9...
Asia fears panic selling of U.S. debt, Chinese adviser says
Submitted by cpowell on Thu, 2008-09-25 09:01 Section: Daily DispatchesBy Kevin Hamlin
Bloomberg News
Thursday, September 25, 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=anZHfo6tQi60
BEIJING -- Japan, China, and other holders of U.S. government debt must quickly reach an agreement to prevent panic sales leading to a global financial collapse, said Yu Yongding, a former adviser to the Chinese central bank.
CFTC relents and probes silver market
Submitted by cpowell on Thu, 2008-09-25 08:51 Section: Daily DispatchesPersistent Complaints of Foul Play Draw the Still-Skeptical Agency to Investigate
By Carolyn Cui
The Wall Street Journal
Thursday, September 25, 2008
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