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Buffett says US in 'economic Pearl Harbor'

Discussion in 'Wall St. News' started by dividend, Jan 18, 2009.

gbos
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http://www.expertclick.com/NewsReleaseWire/default.cfm?Action=ReleaseDetail&ID=24797

DEAR MR. BUFFETT begins in the summer of 2005, on the eve of the greatest financial meltdown in world history, when Chicago-based derivatives expert, Janet Tavakoli, received an invitation to lunch from Warren Buffett. In this entertaining, gossipy, funny, enlightening and very educational book, Tavakoli bares Wall StreetÂ¢s “malicious mischief” and the tongue-twisting products that both she and Warren Buffett knew would bring the global financial market to its knees. Through personal anecdotes and her 3-year correspondence with Warren Buffett, Tavakoli shows how they foresaw in advance how bad lending, CDOs, hedge funds, lax oversight, cheap money, leverage, and overrated financial products would lead to financial disaster.
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#51 Jan 19, 2009

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