Bet? No, no bet. He was informed in advance.
I’ve never posted this word before: duh!
He gets a 6% dividend rate on his investment each year...BEFORE any of the common stockholders geta dividend.
He got warrants to buy several hundred shares at a price hat is NOW below the bank's share price. If he exercised them tomorrow,a nd then sold..he has a ONE BILLION+ dollar profit already..and it could be more if the stock goes up.
There is virtually NO downside, because if the bank tanks, Buffet can expect that Obama will prop-it up again..TOO BIG TO FAIL...
Buffett’s going to have a hard time spending all that money in hell.
Looks like the author discovered the allure of alliteration.
Boehner must stop this (and a lot of other things).
Here’s a snapshot of Bank of America as of March 31st: