Buy American. I Am.
By WARREN E. BUFFETT
Omaha
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue […]

Is a bottom possible??? REALLY???
I think, yes …
Why?
Here my thoughts … as you know me … a list … not necessarily in order of importance
- The reason for the financial crisis is not the housing market, but the STUPID overleverage
- House prices are back on a reasonable level, pressure still put by […]

Berkshire Hathaway, Warren Buffett’s holding company, invests at least 5bln$ in Goldman Sachs.
Buffett buys 5bln$ of perpetual preferred stock issued by the investment bank. The securities pay a dividend of 10% and are callable anytime at a 10% premium, meaning Goldman can buy them back at the higher price.
He as well buys warrants to purchase […]

Joseph Brandon, Chairman and Chief Executive Officer of General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc., has decided to resign effective today. Franklin “Tad” Montross, President of General Re Corporation, will replace Mr. Brandon as Chairman and Chief Executive Officer of General Re Corporation.
It is a Buffett Company …
NO REASON GIVEN … […]

Warren Buffett at his BEST
Whatever one might think of him … some of his thoughts are worth the time to read!
I love his explanation on PAGE 19 … as he plays with numbers to give you a hint that one thing is for sure:
Past performance has nothing to do with future results […]

… and everybody cheers … close to being unbelievable …
Buffett offers to take on “all” Muni Bonds … the least risky and juciest of the bond insurers’ portfolios …
Good move for him … but bad move for the bond insurers … even he expects them to PAY UP for this favor to him …
But […]

Bond insurer ACA’s rating was slashed by S&P from A to CCC in December, but they gave them a lifeline, which expired Friday. If the CCC rating now becomes effective, it will create the next round of write offs at financials.
Friday now, Fitch cut Ambac’s rating from AAA to AA. Moody’s warned last Wednesday, that […]

Here we go …
- Bank of America buys Countrywide Financial in a stock deal for 4 bln$.
- JP Morgan is rumoured to snap up Washington Mutual or somebody else. CNBC says, they want to do something!
- Buffett is said to consider buying a troubled bond insurer.
Ok, we used to see Asian and Arab money buying […]