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Buffett is cleaning up after those nasty weapons of mass financial destruction; he's just bought a $3 billion chunk of General Electric at a knockdown price, and a very high dividend rate, as he did in Goldman Sachs.
GE are now praying that their $12 billion stock offering to lesser mortals, on considerably poorer terms, will sell as well.
What a shame he wasn't interested in Bradford and Bingley...
Drop him a letter with a few suggestions, Chenier ...
Well, if the ongoing proceedings in Congress are anything to go by he may end up as the lender of last resort after the Federal Reserve goes down; Dog only knows that I have spent 20 years pointing out that the Savings and Loans debacle was not only predictable but blindingly obvious, and that the same thing would happen all over again, with brass knobs on, if they didn't relocate the rocket scientists to someplace where they could do less damage, like weapons research.
They didn't, and it has...
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