banned from Kos
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:37 AM
Original message |
| Buffett invests $5 billion in Bank of America -"vote of confidence in the USA and BoA" |
|
Buffett is already up $1 billion in 10 minutes - BAC is up 23% and will earn 6% interest on his preferred shares.
Shorts "story" ends today.
|
| FSogol
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:38 AM
Response to Original message |
| 1. Wow, Jimmy Buffet has more money than I thought. n/t |
| dkf
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:39 AM
Response to Original message |
| 2. Warren Buffet is trying to fix the US. |
|
I'm not sure if it is good or bad that he needed to do this.
|
| PoliticAverse
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:40 AM
Response to Original message |
| 3. Warren Buffett invests in taxpayer bailout. Vote of confidence that BofA is too big to be let fail. |
|
Edited on Thu Aug-25-11 08:41 AM by PoliticAverse
|
| Brickbat
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:40 AM
Response to Original message |
| AbortiononDemand
(51 posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:44 AM
Response to Original message |
| 5. True and my brother has some calls on Bac for $10 Jan |
|
Lucky! Good for him though. Gotta say I love your name as I too was banned from KOS-after one post... LOL
|
| banned from Kos
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:51 AM
Response to Reply #5 |
| 6. thanks - It was fascinating to watch the vulture shorts attack BAC with |
|
wild made-up shit like they would be taken over by Morgan after the FDIC seized them or they would need a $100 bailout.
Well - that bullshit is over with now. Buffett reads a balance sheet better than any man who ever lived.
|
| dkf
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 08:57 AM
Response to Reply #6 |
| 7. It's funny that this gives you confidence in BACs balance sheet. |
|
It's making me wonder if the situation wasn't worse than we know. He didn't buy regular stock, he got a special issue preferred.
|
| dkf
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 09:01 AM
Response to Reply #7 |
| 9. Jim Cramer called for an angel investor like Buffett to do this for BAC yesterday. |
|
Cramer was sounding all panicky to me.
|
| banned from Kos
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 09:04 AM
Response to Reply #7 |
| 10. the common doesn't pay 6% - Buffett clipped Goldman for 10% |
|
and when the best in the world puts 5 billion of his company's chips in - yeah, the b/s has a clean bill of health.
I love it. This money will eventually go for vaccines and education for poor people worldwide.
|
| Ganja Ninja
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 09:01 AM
Response to Original message |
| 8. He's confident that the corporate owned government will ride to the rescue. |
| sarcasmo
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 09:22 AM
Response to Reply #8 |
| 12. Maybe he is confident Perry is going to win. |
| TreasonousBastard
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 09:17 AM
Response to Original message |
| 11. Yeah-- unlike people with no money who know everything, the guy who knows... |
|
money better tha most knows what a rathole we'd be in if BoA goes under for no good reason other than good short interest and rumor.
|
| ladjf
(1000+ posts)
Send PM |
Profile |
Ignore
|
Thu Aug-25-11 09:38 AM
Response to Original message |
| 13. Sounds like a shrewed "crap shoot". He won. nt |
DU
AdBot (1000+ posts)     |
Sun Feb 15th 2026, 01:46 PM
Response to Original message |
Printer-friendly format
Email this thread to a friend
Bookmark this thread
