Warren Buffett backs Goldman

By now, you have probably heard that Warren Buffett has made his bet and invested billions of dollars in Goldman Sachs. The market reacted positively and Goldman is now trading at near $133 a share (up 6% on the day). While I do see…

Canadian housing crisis warning

Canada, along with Australia, ranks as one of the two last major bubble markets to remain relatively immune to the types of house price falls we have seen in the UK, Ireland, the U.S. and Spain. Yes, there has been some damage in Alberta,…

Writedown news: 23 Sep 2008

Below are the latest major credit crisis stories from the web that I have seen. Most of these stories have more to do with raising capital, merging, and bankruptcy than writedowns. Quite honestly, I have been caught up in the bailouts so I…

News round-up: 23 Sep 2008

Right now, it is all bailout all the time Everyone is talking about the Paulson mortgage bailout proposal. This is the news that dominates the headlines.My opinion about the proposal is that the proposed measures do not require the urgency…

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