Money & Markets – Week of 10.26.08

Bailout Funds Being Spent in Ways Congress Never Foresaw
McClatchy (30 Oct 2008)

Bernanke Says the U.S. Needs to Maintain a Role in Mortgage Securities
Wall Street Journal (1 Nov 2008)

GMAC Aims to Become Bank, Tap U.S. Treasury for Cash
GATA (30 Oct 2008)

Fed Opens Up Another Pocket For AIG
Forbes (30 Oct 2008)

Upcoming Gold Default
Financial Sense (30 Oct 2008)

Goldman Turns Blind Eye to Chaos as New Partners Step Up to the Plate
The Telegraph (31 Oct 2008)

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A Rate of Zero Percent From the Fed? Some Analysts Say It Could Be Coming
NY Times (29 Oct 2008)

A Question for A.I.G.: Where Did the Cash Go?
NY Times (29 Oct 2008)

Post-Enron Crackdown Comes Up Woefully Short
Wall Street Journal (28 Oct 2008)

Markets Didn’t Think Much of Fed’s Rate Cut
NY Post (30 Oct 2008)

Fed interest rate cut may end up making matters worse
The Telegraph (30 Oct 2008)

Will inflation take care of your debts?
The Telegraph (30 Oct 2008)

Goldman Sachs ready to hand out £7bn salary and bonus package
The Daily Mail (30 Oct 2008)

Adjusted Monetary Base Now Going at 341%
Federal Reserve Bank of St. Louis (23 Oct 2008)

Adjusted Monetary Base

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Ryan Says Treasury to Need ‘Unprecedented’ Financing
Bloomberg (28 Oct 2008)

Dollar Dips Before Rate Decision
Wall Street Journal (29 Oct 2008)

U.S. Treasury Shuns Banks That Need Cash Most
Bloomberg (29 Oct 2008)

Oil’s Slide Threatens Future Supply
Wall Street Journal (29 Oct 2008)

Iceland Raises Key Rate by 6 Percentage Points
NY Times (28 Oct 2008)

US Consumers Stop Spending Amid Worries Over Jobs and Homes
TimesOnline (29 Oct 2008)

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Europe on the Brink of Currency Crisis Meltdown
The Telegraph (26 Oct 2008)

IMF May Need to ‘Print Money’ as Crisis Spreads
GATA / The Telegraph (27 Oct 2008)

GM Speeds Hat in Hand to Treasury
NY Times (28 Oct 2008)

GLG Chief Emmanuel Roman Warns Thousands of Hedge Funds on Brink of Failure
The Telegraph (24 Oct 2008)

Australian Dollar Sinks Towards $.60 Cents
Herald Sun (28 Oct 2008)

Downturn Clobbers Public Pension Funds
Washington Post (28 Oct 2008)

Goldman Chief Cought Citi Tie-Up Talks
Financial Times (26 Oct 2008)

The Debt Trap: How Banks Push Troubled Borrowers Deeper Into Debt
AlterNet.org (24 Oct 2008)

Tough Times: Congress Grew 13 Percent Richer in 2007
McClatchy (28 Oct 2008)

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So When Will Banks Give Loans?
NY Times (24 Oct 2008)

Morgan Stanley Propped Up Money-Market Funds With $23 Billion
Bloomberg (27 Oct 2008)

Goldman Called Citi for Merger in September
Reuters (27 Oct 2008)

U.S. Has Plundered World with Dollar, Chinese State Paper Rages
GATA / Reuters (24 Oct 2008)

Taiwan Dumps Fannie, Freddie. And Uncle Sam?
Barrons (24 Oct 2008)

G7 ‘Preparing to Drive Down the Yen’
The Times (27 Oct 2008)

Central Banks Poised to Act Against Market Panic
GATA (26 Oct 2008)

UK Pensions Slump by 28 Per Cent in a Year
The Telegraph (27 Oct 2008)

Broken Securities Industry Still Has $20 Billion to Pay Bonuses
Bloomberg (27 Oct 2008)

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