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Links: 2009-03-13
Buffett’s Berkshire Has AAA Debt Rating Cut by Fitch - Bloomberg.com This is HUGE! If Berkshire is not AAA, no financial services company is. Wow.
Business As Usual - Baseline Scenario (must read - the bankers have won)
When will…
Nighttime Video: Jon Stewart lets Jim Cramer have it
My video for tonight is this funny segment of Jon Stewart that is a follow-up to his famous takedown of CNBC and Rick Santelli. Enjoy.
Gillian Tett: Washington is talking to Swedes about banking crisis solutions
Gillian Tett has written in the Financial Times that the Obama Administration is no talking to the Swedes directly about their solution to the credit crisis, suggesting a openness to potential banking crisis solutions. Next week, Bo…
FSA: Gordon Brown complicit in credit bust
The FSA has been on the attack of late. First they warned bankers that heavy regulation was in the offing. Now they are directly accusing Gordon Brown, former Chancellor of the Exchequer and now Prime Minister, of aiding and abetting a…
Marc Faber makes bullish comments on Bloomberg
Marc Faber is a definite bull right now, despite his title as Dr. Doom. In the video below he makes his case for gold miners and for a general equity rally through April. His main points are:
The FSA signals a need for regulation-heavy
Back in December when the Bernard Madoff scandal first hit, I wrote a post, Madoff as a signal to go for “regulation heavy,” suggesting that Madoff was emblematic of a reckless period in the United States, symbolized by the lax oversight of…
Warren Buffett on Bloomberg Television
Warren Buffett seems to be making the rounds on television media appearances these days. Last week it was CNBC. This week it is Bloomberg. Below is the video from the first parts of his Bloomberg appearance. Well worth a look.…
Bernie Madoff goes to jail immediately
He as remanded to prison immediately. Now he awaits sentencing.
The Swiss get on the QE2
Apparently, the Swiss franc is too high -- or so says the Swiss central bank. As a result, they are selling francs in the foreign exchange market to get the franc to come down. There has been a lot of speculation about the Swiss and their…
General Electric is cut to AA+ by S&P
Read it at Alphaville:
Standard & Poor’s Ratings Services today lowered its long-term ratings on General Electric Co. (GE) and units, including General Electric Capital Corp. (GECC), by one notch to ‘AA+’ from ‘AAA’. We affirmed the…