Readings

From Economist:

I. Goldman and Morgan back to "normal" banking.

Goldman, Morgan Become Bank Holding Companies, Ending Era
By Steven Sloan
Sunday, September 21, 2008
http://jessescrossroadscafe.blogspot.com/2008/09/goldmans-sachs-and-morgan-stanley-to.html

Last major investment banks change status
Monday September 22, 6:16 am ET
By Martin Crutsinger, AP Economics Writer
Federal Reserve changes status of Goldman Sachs and Morgan Stanley to bank holding companies
http://biz.yahoo.com/ap/080922/bank_change.html

Goldman Sachs, Morgan Stanley to Become Bank Holding Companies
from Mish's Global Economic Trend Analysis by Michael Shedlock
http://feeds.feedburner.com/~r/MishsGlobalEconomicTrendAnalysis/~3/399387209/goldman-sachs-morgan-stanley-to-become.html

Fed: Goldman Sachs, Morgan Stanley to be Bank Holding Companies
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/399379618/fed-goldman-sachs-morgan-stanley-to-be.html

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II. Misc news

Lehman and that $8 billion
from Bearwatch by noreply@blogger.com (SACKERSON)
http://feeds.feedburner.com/~r/Bearwatch/~3/399526349/lehman-and-that-8-billion.html

Lehman administrators have filed a court order for the return of $8bn that was transferred from the UK to the US just before the firm's failure. The radio news this weekend said (my phrasing) that it was Lehman's practice to park the money in the US overnight to earn interest.

Another prophet foresees market panic
from Bearwatch by noreply@blogger.com (SACKERSON)
Thus Jim in San Marcos
http://feeds.feedburner.com/~r/Bearwatch/~3/399051383/another-prophet-foresees-market-panic.html

This week, look for a serious drop in the DJIA of 4,000 to 6,000 points and the close of the stock market for a week or two.

Charts in the Babson Style for Week Ending 19 September 2008
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/charts-in-babson-style-for-week-ending_19.html

US Dollar Weekly Charts
from Jesse's Cafe Americain by Jesse
http://jessescrossroadscafe.blogspot.com/2008/09/us-dollar-weekly-charts_19.html

Washington declares war on debt crisis!
Urgent Q & A
by Martin D. Weiss, Ph.D.
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2283

The Moral Hazards of This Week's Events
by Jack Crooks
http://www.moneyandmarkets.com/Issues.aspx?NewsletterEntryId=2287
Last week "things" in review.

Traders Say: "the Dollar Will Get Crushed"
http://jessescrossroadscafe.blogspot.com/2008/09/traders-say-dollar-may-get-crushed.html

Welcome To The USSA
http://market-ticker.denninger.net/archives/586-Welcome-To-The-USSA.html
article is too messy to understand.

What Credit Crisis?
http://chrispycrunch.blogspot.com/2008/09/what-credit-crisis-business-reports.html

"You're so far past the line that you can't even see the line! The line is a dot to you!"
from Reality Lenses by pej
http://feeds.feedburner.com/~r/RealityLenses/~3/398824510/youre-so-far-past-line-that-you-cant.html

What's Up With Oil
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/oil-got-big-boost-today-thanks-to.html

Nice Finish to Gold ... ARGH!
from Red-Hot Resources by Sean Brodrick
http://redhotresources.blogspot.com/2008/09/nice-finish-to-gold-argh.html

An act of desperation? (UPDATED ... again)
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/act-of-desperation.html

Higher bills for the U.S., higher prices for gold
from The Mess That Greenspan Made by noreply@blogger.com (Tim)
http://themessthatgreenspanmade.blogspot.com/2008/09/higher-bills-for-us-higher-prices-for.html

WaMu: Talks Continuing
from Calculated Risk by CalculatedRisk
http://feeds.feedburner.com/~r/CalculatedRisk/~3/399450705/wamu-talks-continuing.html

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III. Safe haven

Paulson Goes All In
by Peter Schiff
http://www.safehaven.com/article-11292.htm

Gold/Silver/USD Market Update
by Clive Maund
http://www.safehaven.com/article-11311.htm
...and...
http://www.safehaven.com/article-11310.htm

Nightmare On Wall Street
by David Chapman
http://www.safehaven.com/article-11317.htm

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IV. In Bulgarian:

Барак Обама - социализъм с усмивка
Barak Obama - wrapping socialism in a smile
http://kaka-cuuka.com/561