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Daily Dispatches
Traders snicker as Barclays blames technical problems
Submitted by cpowell on Thu, 2007-08-30 23:36 Section: Daily DispatchesBarclays Borrows £1.6 Billion from Bank of England
By Edmund Conway and Philip Aldrick
The Telegraph, London
Friday, August 31, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/31/cnbank...
Barclays has been forced to tap the Bank of England's emergency lending fund after a major error in the City's trading systems wreaked havoc on the money markets.
Barclays annoyed to explain more emergency borrowing
Submitted by cpowell on Thu, 2007-08-30 23:21 Section: Daily DispatchesBarclays Reassures After
More Emergency Borrowing
By Peter Thal Larsen and Chris Giles
Financial Times, London
via Yahoo News
Thursday, Aug 30, 2007
http://news.yahoo.com/s/ft/20070830/bs_ft/fto083020071955571131;_ylt=Aiy...
Mark Gilbert: If the SEC ever gets real, everything blows up
Submitted by cpowell on Thu, 2007-08-30 22:12 Section: Daily DispatchesUnsafe at Any Rating:
CDO Speeds to CCC from AAA
By Mark Gilbert
Bloomberg News Service
Thursday, August 30, 2007
http://www.bloomberg.com/apps/news?pid=20601039&sid=aSEguZCZ9ZpY&refer=c...
David Bond remembers Aaron Russo
Submitted by cpowell on Thu, 2007-08-30 21:15 Section: Daily Dispatches9:15p ET Thursday, August 30, 2007
Dear Friend of GATA and Gold:
David Bond, editor of the Silver Valley Mining Journal, has written a wonderful remembrance of film maker and hard-money advocate Aaron Russo. You can find it at GoldSeek here:
http://news.goldseek.com/GoldSeek/1188509090.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Banks boost borrowing from Fed for second week
Submitted by cpowell on Thu, 2007-08-30 21:06 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
Thursday, August 30, 2007
http://news.yahoo.com/s/ap/20070830/ap_on_bi_ge/fed_borrowing;_ylt=AlmkO...
WASHINGTON -- Banks increased their borrowing from the Federal Reserve for a second straight week as the central bank worked to deal with a credit crunch that has roiled global financial markets.
GATA's Ed Steer contributes to new Casey Research letter
Submitted by cpowell on Thu, 2007-08-30 00:29 Section: Daily Dispatches12:27a ET Thursday, August 30, 2007
Dear Friend of GATA and Gold:
GATA is much obliged to Doug Casey and the Casey Research organization for publicizing our work.
Especially important to us have been the interview done with your secretary/treasurer by Doug Hornig of Casey's International Speculator in January:
Subprime inflicts new damage as banks seek cash
Submitted by cpowell on Wed, 2007-08-29 08:54 Section: Daily DispatchesBy Mike Peacock
Reuters
Wednesday, August 29, 2007
http://www.reuters.com/article/ousiv/idUSPEK14997020070829
LONDON -- New evidence of damage wrought by the U.S. mortgage sector surfaced in the United States and Europe on Wednesday while banks demanded a record amount of cash at a euro-zone money market auction.
Barrick, agent of the central banks, affects to denounce one of them
Submitted by cpowell on Tue, 2007-08-28 20:27 Section: Daily Dispatches8:26p ET Tuesday, August 28, 2007
Dear Friend of GATA and Gold:
John Crudele: What would happen if I got a crack at Hank
Submitted by cpowell on Tue, 2007-08-28 19:13 Section: Daily DispatchesBy John Crudele
New York Post
Tuesday, August 28, 2007
http://www.nypost.com/seven/08282007/business/what_would_happen_if_i_get...
Hank Paulson won't let me interview him about the Plunge Protection Team but "thanks for the request," says a spokeswoman for the Treasury Department.
Hey, I expected as much.
Ted Butler: The royal scam
Submitted by cpowell on Tue, 2007-08-28 16:40 Section: Daily Dispatches4:40p ET Tuesday, August 28, 2007
Dear Friend of GATA and Gold:
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