Berkshire Buys Burlington Northern In Buffett’s Biggest Deal

| November 3, 2009

Berkshire Buys Burlington Northern Santa Fe Railway By Andrew Frye Nov. 3 (Bloomberg) — Warren Buffett’sBerkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in what he described as an “all-in wager on the economic future of the United States.” The purchase, the largest ever for Berkshire, will cost the company $26 billion, or […]

Gene Inger Gives Us His Opinions On Where Things Stand

| November 2, 2009

Gene Inger’s Daily Briefing . . . for Tuesday November 3, 2009:    A waterfall decline . . .   Possibly the prospect of a heavier decline looming (irrespective of this technical fight, as well as psychological holding action purportedly merely awaiting the Fed decisions on Wednesday, which is actually what this is not primarily […]

Are There Clear Blue Sky’s Ahead…….Yes, Just A Matter Of A Little Fire And Ice First

| November 2, 2009

Isn’t The Horse Already Out Of The Barn……Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors On Compensation Issues

| November 1, 2009

Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors By Craig Torres and Ian Katz Oct. 31 (Bloomberg) — The chief executive officers of 28 of the largest U.S. banks have been summoned to meet with supervisors at Federal Reserve banks to discuss new rules on compensation, said a person familiar with […]

Ok….. Now We’ll See if The Stimulus Works Longer Term, If It Does, Things Should Start Rolling Soon In The United States!

| November 1, 2009

China’s Recovery Strengthens, Adding Room for Stimulus Cuts By Bloomberg News Nov. 2 (Bloomberg) — Chinese manufacturing data for October showed the nation’s economic recovery is strengthening, giving policy makers more room to pare stimulus measures in coming months. The Purchasing Managers’ Index rose to a seasonally adjusted 55.2, the highest level in 18 months, […]

Sounds Good, But Do Any Of Us Need More Debt At This Time? Geithner Urges Banks to Resume Lending

| November 1, 2009

Geithner Urges Banks to Resume Lending, Help Recovery By Alison Fitzgerald Nov. 1 (Bloomberg) — U.S. Treasury Secretary Timothy Geithner said the country’s economic recovery and job creation hinge on banks taking more risk and restoring the flow of credit to businesses. “The big risk we face now is that banks are going to overcorrect […]

Commercial Lender CIT Group Seeks Bankruptcy Protection After Bailout

| November 1, 2009

CIT Group Seeks Bankruptcy Protection After Bailout By Tiffany Kary, Dawn McCarty and Lester Pimentel Nov. 1 (Bloomberg) — CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a U.S. bailout failed. New York-based CIT listed $71 billion in […]

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