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Keyword: warrenbuffett

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  • The Race to Save Lehman Brothers ("Too Big to Fail")

    10/21/2009 12:31:38 AM PDT · by CutePuppy · 3 replies · 566+ views
    CNBC / NYTimes ^ | October 20, 2009 | Andrew Ross Sorkin
    In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.Adapted from "Too Big to Fail: How Wall Street and Washington Fought to Save the Financial System — And Themselves." The book, being published Tuesday by...
  • Thank the Heavens for Hank Paulson's Wonderful Memory

    02/07/2010 8:19:18 AM PST · by FromLori · 18 replies · 648+ views
    Economic Policy Journal ^ | 2/7/10 | Robert Wenzel
    Former Treasury Secretary Henry Paulson Jr. is out with his new book, On the Brink, where he details his version of events that occurred on Wall Street and Washington D.C.during the financial crisis while he was Treasury Secretary. All that you really need to know about this fairy tale can be found in the front of the book in what is labeled as "Author's Notes". In this preface, Paulson tells us that he doesn't take notes and doesn't use email and his staff was frustrated because he didn't send out memos, but fortunately, he tells us, he has a very...
  • Warren Buffett sees $11 billion boom on Donald Trump win

    11/22/2016 6:58:44 PM PST · by Olog-hai · 12 replies
    CNBC ^ | 11/22/2016 | Jeff Cox
    For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory. The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8. Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street. Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the...
  • Warren Buffett responds to Donald Trump's tax comments

    10/10/2016 5:55:05 PM PDT · by Olog-hai · 70 replies
    Associated Press ^ | Oct 10, 2016 1:58 PM EDT | Josh Funk
    Investor Warren Buffett says he’s never used the kind of tax deduction that Republican presidential candidate Donald Trump did, and Buffett says he’s paid taxes every year for 72 years. […] Buffett released details of his own taxes and reiterated his call for Trump to release his tax returns. The investor is a longtime supporter of Democratic candidate Hillary Clinton. …
  • Senators Call For ... Wells Fargo As Warren Buffett Vows To Keep Silent Until After Election

    09/22/2016 4:48:03 PM PDT · by Rusty0604 · 11 replies
    Zerohedge ^ | 09/22/2016 | Tyler Durden
    That did not take long. Just hours after a CNN report suggested that Wells Fargo was retaliating, and firing, company whistleblowers who had spoken out against the company's illegal "account creation" practices (while blaming them of being "tardy"), moments ago Reuters reported that Senators have asked the Labor Department to investigate Wells Fargo for potential violations of Fair Labor Standards Act. To be sure, now would be a perfect time for Wells Fargo's biggest shareholder, Warren Buffett - who owns a 10% stake in WFC - to speak up in defense of his favorite US bank, alas that won't happen....
  • Berkshire is accused in NY lawsuit of workers' comp 'siphoning'

    09/12/2016 2:22:11 PM PDT · by george76 · 4 replies
    Reuters ^ | Sep 12, 2016 | Jonathan Stempel
    Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of "siphoning" premiums through a web of illegal shell companies, with diverted premiums going to unlicensed out-of-state insurers. The plan amounted to a "reverse Ponzi scheme" where unsuspecting employers expecting to buy affordable...
  • Twin Falls Newspaper Financed by Globalist Warren Buffett Attacks Breitbart

    08/25/2016 4:39:44 PM PDT · by george76 · 9 replies
    Breitbart ^ | 25 Aug 2016 | Michael Patrick Leahy
    The daily paper, which operates as, in effect, a local monopoly in the small southern Idaho city at the center of a sexual assault of a 5 -year-old American-born girl involving three Muslim refugee boys, is owned by Lee Enterprises, which received a $2.1 million loan in 2012 and another $9 million loan in 2013 from a subsidiary of Berkshire Hathaway, the conglomerate controlled by globalist billionaire Warren Buffett, an ardent supporter who endorsed Hillary Clinton in December. ... The Twin Falls Times-News op-ed generated a number of comments from local readers, some backing the paper’s reporting as “objective,” but...
  • The Warren Buffet Economy: How Central Bank Enabled Financialization Divided America

    08/05/2016 9:03:38 PM PDT · by ameribbean expat · 16 replies
    During the 29 years after Alan Greenspan became Fed chairman in August 1987, the balance sheet of the Fed exploded from $200 billion to $4.5 trillion. Call that a 23X gain. That’s a pretty massive increase—so let’s see what else happened over that three-decade span. Well, according to Forbes, Warren Buffett’s net worth was $2.1 billion back in 1987 and it is now about $73 billion. Call that 35X. *** Further down the Greenspan era rabbit hole, we have the average weekly wage of full-time workers in inflation adjusted dollars. In constant 1982 dollars that was $330 per week in...
  • Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 4:47:03 PM PDT · by Cheerio · 105 replies
    The Daily Wire ^ | August 3, 2016 | Robert Kraychik
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • WATCH: Crowd Cheers Clinton's Call To 'Raise Taxes On The Middle Class'

    08/03/2016 5:17:44 PM PDT · by Beave Meister · 16 replies
    Daily Wire ^ | 5/3/2016 | ROBERT KRAYCHIK
    Hillary Clinton called for raising taxes on the “middle class” while campaigning on Monday in Omaha, NE. Joined by left-wing Democrat billionaire Warren Buffett, she received applause from those in attendance. “Because while Warren is standing up for a fairer tax code, Trump wants to cut taxes for the super-rich,” said Clinton. “Well, we’re not going there, my friends. I’m telling you, right now - we’re going to write fairer rules for the middle class and we are going to raise taxes on the middle class!”
  • Media Outlet Claims Big, Boisterous Crowd At Clinton Rally (pictures are classic!!

    08/02/2016 6:22:32 PM PDT · by cotton1706 · 82 replies
    dailycaller.com ^ | 8/2/16 | Amber Randall
    A reporter from The Washington Post tweeted Monday afternoon a “big, boisterous crowd” attended Democratic presidential nominee Hillary Clinton’s rally, but an Imgur post reveals far fewer people actually attended.
  • God's Love Abounds [Charismatic Caucus]

    08/01/2016 7:52:15 AM PDT · by Jedediah · 2 replies
    My love abounds in the riches of the fruit from My Tree. So come and partake of Me in Mercy and Grace. Bathe yourself in My humility and find Peace in all you do for I AM a Wellspring of knowledge and as you seek MY Face I will adorn you in My manifold Spirit so you to may walk in the fullness of My ways and not lack anymore. Philippians 4:19 19 And my God will liberally supply (fill until full) your every need according to His riches in glory in Christ Jesus.
  • Hillary Clinton Loads Up Omaha Rally With High School Kids – Still Can’t Fill It Up!

    08/01/2016 10:28:55 PM PDT · by Ray76 · 62 replies
    Gateway Pundit ^ | Aug 1, 2016 | Jim Hoft
    Hillary Clinton held a rally today at North High School in Omaha. The gym was half empty when the rally started. She packed the high school gym with high school kids who are too young to vote.
  • AR-15 assault rifle used in Orlando nightclub massacre, other mass shootings [Lie still on web]

    07/05/2016 2:21:43 PM PDT · by SoFloFreeper · 29 replies
    WPLG-TV, owned by Warren Buffett ^ | 6/13/16 | Bob Norman - Investigative Reporter ("investigative" ha ha ha)
    What do the mass shootings at Pulse Orlando, Sandy Hook Elementary, San Bernardino and Aurora have in common? The shooters all chose an AR-15 assault rifle....
  • The Latest: Berkshire investors reject climate change report

    05/01/2016 7:44:23 AM PDT · by rktman · 18 replies
    washingtonpost.com ^ | 4/30/2016 | unknown
    Berkshire Hathaway shareholders have overwhelmingly rejected a resolution calling for the company to write a report about the risks climate change creates for its insurance companies. CEO Warren Buffett says he agrees that dealing with climate change is important for society, but he doesn’t think climate change creates serious risks for Berkshire’s insurance businesses. Buffett says the fact that Berkshire generally writes insurance policies for one-year periods allows it to regularly re-evaluate risks, such as climate change. The activists who proposed the motion tried to urge Buffett to take a public stance in favor of measures to reduce consumption of...
  • Bill Gates calls for higher capital gains taxes

    05/02/2016 8:29:17 AM PDT · by DCBryan1 · 75 replies
    CNBC ^ | 02 MAY 16 | Robert Frank | @robtfrank
    Bill Gates said investment gains should be taxed at the same level as ordinary income — a bold call for one of the world's largest investors. Speaking Monday on CNBC's "Squawk Box," Gates said that he's "pleased" that there is more discussion around changing the tax code. When asked what he would alter, Gates sided with his pal Warren Buffett and said he supports raising the earned income tax credit. But Gates also said he would raise the tax rate for capital gains — the largest source of income for the richest Americans. The current top tax rate on capital...
  • Warren Buffett says climate change no risk to Berkshire Hathaway

    02/29/2016 7:45:35 AM PST · by rktman · 9 replies
    ft.com ^ | 2/27/2016 | Stephen Foley
    Warren Buffett has dismissed the possibility that climate change could prove a big risk to Berkshire Hathaway’s insurance business, in a combative annual letter to shareholders. In the letter, released on Saturday, Mr Buffett took on a dissident shareholder who plans to raise global warming at Berkshire’s annual meeting next month, as well as critics of the company’s Clayton Homes mobile homes subsidiary and politicians who paint a gloomy picture of the US economy.
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • Buffett Uses Selective Data on Tax Stance

    12/29/2015 6:17:18 AM PST · by george76 · 16 replies
    WSJ ^ | Dec. 28, 2015
    By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates and away from itemized deduction and tax-avoidance regulations. It is interesting to see Warren Buffett using selective data to steer the Hillary Clinton tax plan away from tax reform that would truly unhinge the superwealthy .. By suggesting the richest 400 Americans have seen their effective tax rate drop by one-third and thus they should back a 30% minimum tax rate, Mr. Buffett is deflecting attention toward rates...
  • Warren Buffett Said to Join Tony James for Clinton Fundraiser

    12/04/2015 3:54:54 PM PST · by Kid Shelleen · 5 replies
    Bloomberg via Yahoo Finance ^ | 12/03/2015 | Sonali Basak, Devin Banerjee
    Berkshire Hathaway Inc.'s Warren Buffett and Blackstone Group LP's Tony James, two of Hillary Clinton's most high-profile supporters in the world of finance, will gather at a fundraiser in New York this month to support the Democratic Party, according to people familiar with the event. Attendees will pay $33,400 to the Hillary Victory Fund, ---SNIP-- Clinton "has a vision for America that's very similar to mine, in terms of everybody being included in the prosperity we enjoy," Buffett told Bloomberg's David Westin