Presenting Warren "Archimedes" Buffett's Amazing 24 Hour Monster Bank of America Due Diligence Session

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wang's picture
wang (not verified) malikai Aug 25, 2011 9:10 PM

Oracle

or did you say Oral?

 

Obama fundraiser sponsored by Warren Buffett

http://www.cnbc.com/id/44280513

 

not sure if Scores will be the venue but no doubt some serious table dancing @ $35,800 an hour

 

The top-dollar donation "includes VIP" room access

wang's picture

When: Friday, September 30th at 6:00PM

Where: Scores NY (536 West 28th St. (between 10th & 11th Ave) New York, NY 1000)

Ask: $10,000 – Guest

$35,800 – Host: VIP room with Warren Buffett + dinner

$100,000 raise – Chair (Table of 10) - VIP room with Warren Buffett + dinner

 

http://www.scoresny.com/en/#contact

http://www.politico.com/news/stories/0811/62055.html

 
nope-1004's picture

If QE3 was coming tomorrow, why did Obummer need Buffet today for the BAC life line?

I get the feeling BAC knows no QE3 tomorrow, and was in need of some cash NOW.

Just my $0.02

 

AldousHuxley's picture

Buffett branding is just a first line of defense in the rescue plan.

 

Goldman Sachs Case Study

9/15/2008   | GS=$131 | Lehman Bros files for Ch. 11

9/16/2008 | GS=$129 | AIG bailed out

9/23/2008 | GS=$121 | Buffett buys $5B of GS @ $115/share (under market)

10/3/2008 | GS=$124 | TARP made into law 

10/28/2008  | GS=$91 | US Treasury buys $10B of GS @ $122.9/share (over market)

11/21/2008 | GS=$47.41 | low

11/24/2008 | GS=$65 | QE 1 begins; Fed buys MBS

 

For Banksters of America, we can expect same order of bailouts about a month apart with BAC falling 20-30% each interval:

8/25/2011 Buffett (private deal)

9/23/2011 US Treasury (federal)

10/28/2011 QE 3 (international overlord)

 

cocoablini's picture

Buffet thought he could clean up again on a Goldman type bailout- and maybe a Wells typeottom fish. Plus he frontran his own " idea" and cleaned up there.
Unfortunately for Buffet, this time the bank collapse will be faster and harder. Its only August, and it looks like a die off already. The aristocracy, Fed and political class will try to keep the ponzi machine chugging. This time its different ( shortterrm) and longterm its the same( depressionary credit collapse.)

antaresteleko's picture

Hi folks, this is my very first comment at ZH, and I have to say that by no means I am an expert in finance... so please be gentle with me...;-)

Just wondering: that preferred stock 6% dividend per annum, couldn't it be that 6% dividend comming from the equity share BAC owns from the FED? Could it be possible that there is some private agreement for Berkshire Hathaway to own the dividend rights that in turn BAC has on their share of the FED? In that case, if finally BAC crashes Warren Buffet would have secured a very good damm deal... 

I know I came a bit late into the conversation but... any thoughts?

Cursive's picture

@antaresteleko

You are over thinking the situation.  As long as there is a FRB, Warren will be OK.  But once they are gone, he's in big trouble.

Bring the Gold's picture

Doesn't the 100 year charter of the FED expire in 2013?

indygo55's picture

If that is true, and there is any threat of the charter not being renewed, there will be war. Rothschild has been doing that for a while. It reminds me of the Tsars and the Bolchevics.

Thomas's picture

It would certainly send a chill up the spine of the Buffettologists if WB blew up Berkshire with one of these wild trades.

HCSKnight's picture

WB has already blown out once. If it weren't for the bailouts he would have been wiped out.

The fact is his wealth, as well as all the bond holders who did not take a haircut, comes from $ taken directly from US taxpayers.

That is a fact.

IMHO, it is simply too much for college educated middle American people to face.

One should not be surprised. Take a USD to the owner, the US Fed, a private company, and hand it to them and tell them you want what it is worth. They will hand you back a piece of paper that looks exactly the same.

The intrinsic, actual value of the US$ is a piece of paper that guarantees you a pice of paper that looks the same. That's it.

Your job is to take that piece of paper out into the world and see what someone is willing to give to you for that piece of paper.

Good luck.

FEDbuster's picture

"If that is true, and there is any threat of the charter not being renewed,"

It's true, and the threat's name is Ron Paul.

RealitiveMind's picture

December 21, 2012.  So they have almost a year and a half to come up with the new world order digital slave currency.

Bob's picture

Some would view it as fatalism, but I just can't imagine they don't have this shit already worked out and waiting on the shelf for that moment when it all breaks down. 

RealitiveMind's picture

My goodness it is warm this evening. 

Say there Antarestelekoooo, it would appear that you have somehow confused your acronyms with your anagrams . . . or is it monograms?  As a semi-professional anarammatistical consultant, please allow me to shed some diffused light on this situation.

I think you have simply gotten some letters in the wrong order.  I noticed the ABC has some how become BAC.  I see you also have FED, is it not, ABCDEF?  So let's go back to basics. 

If per chance you were a well connected crony, you would likely negotiate a deal through the miracle of modern finance, (casa blanca), that would insure a return of 6% with no down side.  This in itself does not make you an evil person, well maybe.

Mr. Ben B, also known as the lender of last resort, serves as a stopgap to protect the primary dealers, which in turn protects the House of Fiat. I had a Fiat in the 70's, it worked about the same.

So to summerize, in a way that clears everything up completely, you can either have the WBB (Warren Buffet Bank) or the BBB (Ben Bernake Bank), but in the end it still eat porridge if you are lucky.

antaresteleko's picture

Thank you guys for sharing your thoughts with me; it looks clear to me now that there is still very much for me to underderstand...

You were gentle with me nevertheless.

Everyman's picture

Gives new meaning to the name "BathTub Boy".

 

I think that Keith Olberman loser is now replaced with Warren as BATHTUB BOY!!!!!!!!!!!!!!!!

Thomas's picture

Put him in Matt Simmons' hot tub and see how he does.

JLee2027's picture

The bath thing is just too much detail. Ugh! Apparently he's an old pervert. I knew scummy Warren was a young pervert when he moved that woman into his house with his wife and had 2 at once. I guess some things never change.

gman16-16's picture

Maybe Warren is getting nervous that if B OF A goes down for the count(and it will) everything will go down taking Berkshire to the woodshed because all those riskey bets Buffet wrote on the index's would get "in the money" very quickly.

Prepared's picture

Warren, you're a complete asswipe!!  More money than brainz, that's for damn sure!

DosZap's picture

Prepared,

He made 280 Million on this deal in ONE day.

If we knew ALL the details(which we will never know), we would crap.

I see him as an American version of Soro's.

toady's picture

I just KNOW there is some sweetheart, never-pay-taxes deal in the background of this one...

Cursive's picture

@toady

He's already got that deal.  He has everything he ever wanted.  His only problem is keeping it all.  Odds are that it'll all slip away....

Thomas's picture

It was only a couple of hours ago that I explained my disdain for WB to a colleague by equating him to Soros. At least you can see the stripes on Soros (and Madoff).

JLee2027's picture

Madoff is a patron saint compared to unrepentant Warren. Remember, Madoff admitted his guilt...

Reese Bobby's picture

He's really good at reading Q's and K's!

rmsnickers's picture

Spiffy...NAILED IT.

Tater Salad's picture

I have<------------------senioritis!

 

Fukin' pig!

Tater Salad's picture

Not to mention he's a lover of the "O"bummer!  Can it get any worse?

Fish Gone Bad's picture

Problems, by definition, can always get worse.

disabledvet's picture

and just like this TPTB have added this "Current Buffet" video feed:
http://www.youtube.com/watch?v=dCAqnW_iNhg&feature=player_detailpage
who said bubbles are a problem? they're GREAT too!

Downtoolong's picture

Once again, the world of finance claims ability to defy the laws of physics. It's impossible that Buffett could have accomplished all of this in one day with his professional support staff and cronies, even if they were all in the tub with him (eeeeew).

Mactheknife's picture

With the deal he got the only thing he needed to read was were it said "signature".

Bob's picture

A suspicious observer might wonder if his tete a tete with Barry the day before produced an assurance of another bailout if needed. 

rubearish10's picture

Yeah, I've thrown $20 or $30 bucks at things without thinkin' (if you know what I mean).

Irwin Fletcher's picture

Ha! I assume you mean big macs in Zurich?

pods's picture

The best "deals" are the two for ones.

pods

Moneyswirth's picture

Corrupt bastard. 

Tater Salad's picture

Hang on, wait a minute, Austin Ghouls-bee is speaking on Fox news, he said high gasoline is killing economy.  Listen up people...

SteveNYC's picture

Surprised it took him 24hrs to do this deal, a guaranteed-no-loss-guranteed-high-return-taxpayer-bailout-backstopped-funded etc. etc. investment, shit, I could say yes to that in 24mins.

YesWeKahn's picture

He must know what Bernanke will do tomorrow!

Belrev's picture

All you can eat Buffet.

Tuco Benedicto Pacifico Juan Maria Ramirez's picture

"Dude Sin"  Real men don't take baths!

The Shootist's picture

I seem to remember Tuco taking a nice bath in the Good Bad and Ugly. With his peacemaker...

ThirdCoastSurfer's picture

He bathes in the tears of mermaids. 

Word is he was under for more than 2 minutes when he decided to give it one last long shot to save it all.

 Mr Bubbles meets Mr McGoo in Rubba-Dub-Bunga-Bunga