2008-09-28 - bankimplode.com

Am I the only one who finds this just a tad bit odious?

Readers might recall that on Sept. 23rd, the Sage of Omaha single-handedly rallied the market by plunking $5 billion down on swooning Goldman Sachs, at rather stiff terms. Nevertheless, the usual predominating breezy analysis proclaimed this to be a "show of ( Read more... )

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Bail out: Banks' toxic assets would be bought for TWICE their market value

The Nation.

Show Us the Money
By William Greider

September 24, 2008

Taxpayers should wake up the politicians and ask them to tell Wall Street: "We want the same deal Warren Buffett got." The Omaha billionaire announced he is playing White Knight to Goldman Sachs by ( Read more... )

http://www.moonofalabama.org/

Henry Paulson wants the taxpayers to pay some $700+ billion for trash paper currently held by his old company Goldman Sachs and others. The deal will likely bring a 50% or bigger loss for the taxpayers.

At the same time Warren Buffet buys a $5 billion stake of Goldman Sachs that practically guarantees him a return of ( Read more... )

Wednesday, September 24, 2008
You can hear it in Warren Buffet's voice this morning on the interview. He's lying. I thought he was lying on Maria's interview a couple of weeks ago. He's lying again.

Look at it this way.

1 - He says he invested in Goldman because they are the best, and he has done business with them for a long time. Oops . . . ( Read more... )

"Someone needs to question that Sunday conversation. Someone needs to question this Sunday's move to bring Goldman under the Fed's wings as a commercial bank. Someone needs to question the very deal struck with Buffet. But no one will."

Tuesday, September 23, 2008

Very sad times. Remember the Maria Bartiromo interview with Buffet, when he ( Read more... )

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Buffett's "time bomb" goes off on Wall Street

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By Liam Halligan
Last Updated: 11:48am BST 21/09/2008

So, here we are - the start of a new world order. After the tumultuous events of the last fortnight, the global economic landscape will never look the same again.

The front page of the Brooklyn Daily Eagle newspaper on the day of the initial ( Read more... )

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Posted by Declan McCullagh
The Senate housing bill approved by a committee this week was already drawing fire from fiscal conservatives and financially responsible homeowners opposed ( Read more... )

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