Posted on 08/26/2011 9:25:43 AM PDT by blog.Eyeblast.tv
Amid questions about Bank of America's credibility, Warren Buffett's Berkshire Hathaway Inc. has invested $5 billion dollars into the nations biggest bank. The bank's stock has fallen 52% over the past year over concerns of it's mortgage problems and worries that it would have to sell large amounts of its stock.
Bill O' Reilly and Laura Ingraham discuss the possible motives behind this investment.
(Excerpt) Read more at mrctv.org ...
yes.
Did Warren Buffett try to help Obama? YES!
Does the Pope crap in the woods?
Answer: Yes.
Comment: The true interest being what was the quid pro quo?
He sold his BP stock pre spill. What, no insider trading? Since he is a dem and has a sinister giggle he is not to be trusted.
First question what kick beck will Buffett receive and when?.
BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court
David Grais, attorney for Walnut Place, which as we have repeatedly observed represents those interests who claim the $8.5 billion settlement is massively insufficient and are engaged in litigation seeking far greater recoveries, filed a request to transfer the lawsuit from State Court to Federal Court where everything basically begins a new. More than anything, this latest development may explain why Bank of America has been scrambling to raise tens of billions in the open market as an adverse court decision, one granting Grais’ request, means the bank is suddenly open to unlimited downside capital risk. In the meantime, add major litigation headline risk to everything else that BAC has going for it...
Manal Mehta explains why this could be a gamechanger:
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