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thecrashingisles

Warren Buffett Invests $5Bn In Bank Of America

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Looks like BAC are saved

http://www.ft.com/cms/s/0/f4a489d2-cf1c-11e0-86c5-00144feabdc0.html

Warren Buffett’s Berkshire Hathaway agreed to invest $5bn in Bank of America, delivering a lifeline aimed at restoring confidence in the beleaguered lender.

BofA’s shares have tumbled 35 per cent this year amid concerns the bank’s troubled mortgage business would overwhelm its balance sheet, forcing the lender’s executive to reverse course and raise additional equity. The stock surged nearly 19 per cent on Thursday to $8.31 in early trading on news of the investment.

Edited by thecrashingisles

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What was it bill Gross said? Buy now what the govt will buy later?

Buffett finally entering the game of raping US taxpayers, everyone else has afterall.

It's not investing anymore, it's warfare and the taxpayer will be the one left holding the bag each and every time...

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Well, we haven't had a "buffet saves the day" story for a good while and I don't recall any of them working out medium to long term.

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Just in time for QE3.

Buffet did say he was going to donate all of his money, looks like he's started early.

One might ask why he wasn't calling for higher taxation in the earlier years of his life?

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The news is managed by insiders. So Buffett wants everyone to believe XYZ, in this case that BOA is safe.

If Boa is safe, then there is no need to take your savings out.

Conclusion: empty your BOA savings accounts. Because insiders want you to stay in (or buy shares in) BOA.

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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