Archive - Feb 28, 2009
Buffett Profit Plummets, Gives Bleak Outlook For 2009
Submitted by Tyler Durden on 02/28/2009 15:08 -0500
The Tarrot Card Reader Of Omaha (and Charlie)'s Q4 net income fell 96% to $117 million, from $2.95 billion, for a fifth consecutive drop. Book value fell 9.1% of more than generally expected on declines in equity and fixed-income portfolios and writedowns in derivatives. Scary was the increase in liabilities on equity derivatives which increased 49% to $10 billion.
Weekend Reading: The Social Dynamics Of The Trading Desk
Submitted by Tyler Durden on 02/28/2009 02:27 -0500
Weekend Reading: The Social Dynamics Of The Trading Desk
Submitted by Tyler Durden on 02/28/2009 02:27 -0500
Two New Friday FDIC Bank Failures
Submitted by Tyler Durden on 02/28/2009 02:26 -0500The Friday FDIC bank bailout is becoming like clockwork. Two more banks went under this week, bringing the year's total to 16. The latest victims are Security Savings Bank of Henderson, NV and Heritage Community Bank of Glenwood, IL.
