1. QUOTE from:
    rycK's Rationalizations: Buffy the Bozo Buffett Blows his Baloney Wad in Rails? He must have Another Sweetheart Done Deal in the Bag.
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    On top of that, Berkshire gets the option to buy $3 billion of GE common stock at $22.25 per share, well under the current trading price of around $25 a share.” [4] "Wells Fargo (WFC) said early Friday that it would pay 0.1991 of a share of common stock in exchange for each common share of Wachovia Bank (WB) in a deal worth $15B. Berkshire Hathaway is the largest shareholder of WFC. That's a whopping potential for over $30B in deals with up to $16B in cash." A quickie 100% deal falling something short of Hillary Clinton’s 1000X cattle futures deal.[17] Isn’t Wachovia a TARPie? Full Article at Town Hall
    Wells Fargo (WFC) said early Friday that it would pay 0.1991 of a share of common stock in exchange for each common share of Wachovia Bank (WB) in a deal worth $15B. Berkshire Hathaway is the largest shareholder of WFC. That's a whopping potential for over $30B in deals with up to $16B in cash.
    SOURCE: Town Hall 3 weeks ago
All quotes from:
rycK's Rationalizations: Buffy the Bozo Buffett Blows his Baloney Wad in Rails? He must have Another Sweetheart Done Deal in the Bag.
  1. She predicted that World War III would start in 1958 over some offshore Chinese Islands and that labor leader Walter Reuther would run for president in 1964 and that the Russians would land the first man on the moon.
    SOURCE: Town Hall 3 weeks ago
  2. Garzarelli is advising investors to buy some of the most beaten-down stocks, including those of giant financial institutions such as Lehman Brothers, Bear Stearns, and Merrill Lynch. What would cause her to turn bearish? Not much. ‘Our indicators are extremely bullish.'
    SOURCE: Town Hall 3 weeks ago
  3. Buffett's decision to conduct a 50-for-1 split of Class B shares of his Berkshire Hathaway Inc lowers the price of entry for ordinary investors who long found it prohibitively costly to buy the stock
    SOURCE: Town Hall 3 weeks ago
  4. Many Congressmen and Senators [read Democats here too ed.] questioned whether the Government ought to come to the aid of any private company—large or small—with a record of sloppy management.
    SOURCE: Town Hall 3 weeks ago
  5. We think that taxpayers should expect a decent return on their investment and look forward to being able to provide just that when we are permitted to return the TARP money.
    SOURCE: Town Hall 3 weeks ago
  6. THE nation's largest railroad succumbed last week to a lethal combination of politics [Time blames Nixon here--ed], tight money, mismanagement and fumbled Government rescue efforts. A federal court ordered the tottering Penn Central Transportation Co. into a bankruptcy reorganization.
    SOURCE: Town Hall 3 weeks ago
  7. The credits are virtually worthless to Fannie Mae and require the company to take losses each quarter as their value declines. Companies such as Berkshire Hathaway and Goldman Sachs could use them to offset federal tax expenses.
    SOURCE: Town Hall 3 weeks ago
  8. agreed to buy $3 billion of preferred General Electric (GE) stock. This stock pays a generous dividend of 10%. On top of that, Berkshire gets the option to buy $3 billion of GE common stock at $22.25 per share, well under the current trading price of around $25 a share.
    SOURCE: Town Hall 3 weeks ago

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