Berkshire is broke as well.
It may be voluntary, but any money taken from 401-k and IRA accounts will cause mutual fund redemptions and stock sales which will result in a...
They need to sell 2.5T new Treasuries next year, much of it by March. If they can't sell them at auction they will make Americans buy them....
That isn't what the CDS market is telling us. BRKB beginning to look like AIG lite.
They will take the seized retirement money, use it to pay for the bailouts, and worry about how to pay out the retirement benefits later.
The classic description was "angry kitchen appliances" The SUVs were pretty good. The dumbest people on the road are driving Pontiac Grand Ams.
They prolong the inevitable but make the end result worse.
They are cutting back already. Next year we will have to sell 3x the number of Treasuries than we ever have before in a year. Wake up and...
The same way they make money by selling TIPS. They get to calculate what inflation is. This is a backdoor tax.
The USG has sold $700B in Treasuries this year and was aided by fear and a flight to safety to be able to do so without Asian buyers. It needs...
They are going to have to sell trillions in Treasury bonds to pay for the bailouts. The Asians aren't buying them any more. You figure it out.
So hide it well.
There are a lot of CDSs out there involving GM.
That is a heck of a lot of money for a college athletic program to owe.
I have long suspected that Buffett is CIA or other government, and that his competitive advantage resides at Langley or Ft. Meade. Now that he...
-What if McCain had associations with right-wing domestic terrorists? Would the press accuse Obama of racism for pointing it out? -Biden was...
Don't distract us with business fundamentals! The spoils go to the politically connected.
There should be a proportionate vote to taxes paid. If you pay nothing, you shouldn't be able to vote. Didn't Clinton promise a middle class...
http://www.opensecrets.org/pres08/sectorall.php?cycle=2008
If the plan is to use coordinated seignorage among the major currencies to manage the bailout, they are going to need to keep the price of PMs...
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