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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...
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...
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 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...
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...
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...
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...
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...
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...