youtube.com — Buffett predicts "financial catastrophe" eh? Uh, for Berkshire maybe. Anyone remember the fact that he wrote a buttload of PUTs (over the counter; you know, "financial weapons of mass destruction"?) from Berkshire? If the market tanks, he takes mark-to-market losses - big ones - and potentially big enough to severely impair (or wose) Berkshir...
Sep 28, 2008 View in Crawl 4
Closed AccountSep 28, 2008
Hey... this guy is becoming a digg rock star.
brad3378Sep 28, 2008
Every day the stench from this mess keeps getting worse. Today is no exception.
ezlaSep 29, 2008
Tuesday of this week Buffet was quoted by the Financial Times as saying he didn't know what was going on in the market or what to do about it, Wednesday he was buying up 15 otherwise healthy financial companies that shares price had took a beating. Then he gets a sweetheart deal ( guaranteed10% interest rate on 5bill) with Goldman Sac, Next, The MSM reported the Democratic leadership was on the phone with Buffet crafting the bailout?Whats wrong with this picture?