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July 15, 2008 |
Dollar Falls to Record Versus Euro
Bloomberg
The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth. |
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July 15, 2008 |
US faces global funding crisis, warns Merrill Lynch
Telegraph (UK)
Merrill Lynch has warned that the United States could face a foreign "financing crisis" within months as the full consequences of the Fannie Mae and Freddie Mac mortgage debacle spread through the world. |
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July 15, 2008 |
Global banks are still bleeding heavily
Telegraph (UK)
The speed with which negotiations were concluded reflects a certain urgency. And rightly so. Last week was the scariest British banks have come through since the Northern Rock fiasco. |
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July 14, 2008 |
Paulson Puts Treasury's Weight Behind Fannie, Freddie
Bloomberg
Treasury Secretary Henry Paulson put the weight of the federal government behind Fannie Mae and Freddie Mac, the beleaguered companies that buy or finance almost half of the $12 trillion of U.S. mortgages. |
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July 14, 2008 |
Bank fears: WaMu, National City
CNNMoney
Shares of Washington Mutual and National City both plunged Monday as fears grew about the credit crisis plaguing big banks.
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July 14, 2008 |
Bank stocks collapse on liquidity fears
Bloomberg
U.S. stocks fell, sending financial shares to their biggest drop in eight years, on heightened concern that bank failures will spread. |
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July 14, 2008 |
Big investors starting to predict end to euro rally
Int'l Herald Tribune
For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more. |
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July 14, 2008 |
Jim Rogers attacks Fannie Mae and Freddie Mac bail-out
Telegraph (UK)
Renowned currency trader Jim Rogers has blasted the US government's planned bail-out of Fannie Mae and Freddie Mac as an "unmitigated disaster". |
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July 14, 2008 |
Heavyweights say Euro grossly overvalued
Bloomberg
For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more. |
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July 14, 2008 |
Mundell: "I applaud all efforts to get support for a global currency."
Washington Times
He is known as the "father of the euro" because of his work on optimum currency areas. |
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