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Daily Dispatches
European Union drawing cross-border bank-bailout plans
Submitted by cpowell on Sat, 2007-09-15 23:54 Section: Daily DispatchesBy Huw Jones
Reuters
Saturday, September 15, 2007
http://www.reuters.com/article/ousiv/idUSL1529380120070915
PORTO, Portugal -- European Union finance ministers and central bankers agreed on Saturday to step up co-operation among themselves to improve their handling of cross-border financial crises.
Michael Kosares: Northern Rock hints at years of bailouts ahead
Submitted by cpowell on Sat, 2007-09-15 14:13 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Saturday, September 15, 2007
The bailout of Northern Rock by the Bank of England shows once again the depth of the crisis now prowling the world financial system.
Europe surprised at Bank of England's rescue of Northern Rock
Submitted by cpowell on Fri, 2007-09-14 20:21 Section: Daily DispatchesBy Tony Barber and Gillian Tett
Financial Times, London
via Yahoo News
Friday, September 14, 2007
http://news.yahoo.com/s/ft/20070914/bs_ft/fto091420071829453431;_ylt=AgB...
Britain sees a bank run
Submitted by cpowell on Fri, 2007-09-14 11:55 Section: Daily DispatchesNorthern Rock Customers Queue for Cash
By Emma Thelwell
The Telegraph, London
Friday, September 14, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQ...
The credit crisis spilled onto Britain's high streets today as worried Northern Rock customers queued up to withdraw their savings.
John Embry: Lending crisis sets U.S. dollar on fatal course
Submitted by cpowell on Fri, 2007-09-14 09:07 Section: Daily Dispatches9a ET Friday, September 14, 2007
Dear Friend of GATA and Gold:
Mint suspends gold coin sales pending price increase
Submitted by cpowell on Fri, 2007-09-14 08:50 Section: Daily DispatchesGold American Eagle Sales Suspended
From Numismatic News, Cincinnati, Ohio
Thursday, September 13, 2007
http://www.numismaticnews.net/Default.aspx?tabid=459&articleid=7914&arti...
Sales of some 2007 gold American Eagles were suspended by the U.S. Mint late Thursday, Sept. 13, due to the rising price of gold bullion on international markets.
Andy Mukherjee: Rising euro is just what China needs to dump dollar
Submitted by cpowell on Thu, 2007-09-13 23:41 Section: Daily DispatchesBy Andy Mukherjee
Bloomberg News Service
Friday, September 14, 2007
http://quote.bloomberg.com/apps/news?pid=20601039&refer=columnist_mukher...
SINGAPORE -- Juxtapose China's latest trade statistics with a strengthening euro and you get a very real possibility of significantly quicker appreciation in the yuan against the U.S. dollar.
Bank of England plans unprecedented bailout of mortgage lender
Submitted by cpowell on Thu, 2007-09-13 18:42 Section: Daily DispatchesBy Peter Thal Larsen and Neil Hume
Financial Times, London
Thursday, September 13, 2007
http://www.ft.com/cms/s/0/6cdb3a98-6236-11dc-bdf6-0000779fd2ac.html
The Bank of England will on Friday bail out Northern Rock by providing emergency funding to the beleaguered mortgage lender, which has fallen victim to the liquidity squeeze in the banking sector.
GATA board member Catherine Austin Fitts opens investment advisory firm
Submitted by cpowell on Thu, 2007-09-13 17:43 Section: Daily Dispatches5:45p ET Thursday, September 13, 2007
Dear Friend of GATA and Gold:
GATA Board of Directors member Catherine Austin Fitts, former assistant secretary of the U.S. Department of Housing and Urban Development, has opened an investment advisory firm in Tennessee whose announcement is appended. Let's wish her the best.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
David Bond: Silver goodies part of Silver Summit 2007
Submitted by cpowell on Thu, 2007-09-13 17:31 Section: Daily Dispatches5:30p ET Thursday, September 13, 2007
Dear Friend of GATA and Gold (and Silver):
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