Speaking of Warren Buffett..
According to the Reuter’s article “Buffett says Fed avoided chaos in Bear bailout”, WB is to have said:
“I think the Fed did the right thing in stepping in on Bear Stearns,” Buffett said at the annual meeting of his Berkshire Hathaway, Inc. insurance and investment company. “Just imagine the thousands of […]
Category Archives: Bond Market
Fed Bailout Consequences
Does History Repeat Itself?
As so poignantly written yesterday by Andrew Leonard on Salon.com:
The word of the day on Wall Street is “deleveraging.” The simplest way to explain the concept is with an old bromide: What goes up, must come down. If you borrow a lot of money to make big bets in the market when times are […]
Jim Dandy to the Rescue
If there was any really positive news today to justify the Dow and S&P 500 gains, it escaped me. It looks as though today’s gains were attributed to Warren Buffett’s “rebuffed” offer to bail out bond insurers Ambac Financial Group Inc., MBIA Inc. and Financial Guaranty Insurance Co. But, can this be considered good news […]