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Star analyst touts three stocks

Some would argue that you'd be a fool to buy bank stocks these days, but then again Meredith Whitney is no fool and she recommends the preferred shares of JPMorgan Chase, Bank of America and Wells... Read more...

Soros offers an alternative rescue plan

George Soros, once known as the Man Who Broke the Bank of England, was in Washington to make clear that he doesn't think much of the bailout plan that Congress just rejected. Rather than an RTC-like... Read more...

Bailout rejection a wrench for Buffett and Pandit

Warren Buffett made it known that his $5 billion wager on Goldman Sachs assumed that the government would take some sort of bailout action. Likewise, Citigroup's deal for Wachovia would have looked a... Read more...

Goldman wants to buy up to $50 billion in bank assets

Goldman Sachs loves playing the role of white knight. It now say it is willing to commit up to $50 billion to buy bank assets. Goldman plans to talk to regulators to identify appropriate... Read more...

Warren Buffett rides to Goldman Sachs' rescue

Calling Goldman Sachs an "exceptional institution," Warren Buffett announced he had bought $5 billion in Goldman preferred shares (which pay a whopping 10 percent) and warrants to buy potentially... Read more...

Buffett bets market will beat hedge funds

Warren Buffett has placed a wager that the Standard & Poor's 500 will beat hedge funds over the next ten years, reports Fortune. In what amounts to a proposition bet, Buffet placed his wager... Read more...

Buffett on hell and the subprime crisis

Shareholders of Berkshire Hathaway gathered in typically worshipful fashion at their annual meeting. The press loves the event, along with the company's annual report, as a chance to to glean some... Read more...

ALSO NOTED: Bear Stearns shareholders to vote on JP Morgan offer May 29; UBS to lay off 8,000?; and much more...

Company News: > BNY Mellon buys rest of BNY Trust Australia. Article > UBS to lay off 8,000? Read more...

Buffett raps Wall Street in latest letter

Warren Buffet's latest letter to shareholders is heavy with criticism of Wall Street. The Sage of Omaha once derided derivatives as financial weapons of mass destruction. The Financial Times notes... Read more...

Buffett senses opportunity in bond insurance crunch

Warren Buffett, always looking for a good deal, has thrown the bond insurers a lifeline. On CNBC no less. He says Berkshire Hathaway will reinsure the bond insurers--Ambac, MBIA and Financial... Read more...