In the Wrigley deal, he acted as banker. Did not buy the biz, he
made money on the
take out in the form of bankers fees. Another billion JPMorgan will
miss, lol.
Thru his bond assurance 'racket' you will increasingly see him
swinging such deals
while wall street is hamstrung.
I am a cynic supremem but would lend into a fund run by buffy at 6-8%
with my own
money. Because, he alone is prudent in a world of imprudent wall
streeters.
And no one dare say a word because he could run and win as prez in a
heartbeat.
Things are not well in creditland. Warren got cash the borkers could
not, collected
fees out from under them (he made big, he is not gratuitous, made
billions by shaft-
ing the victims of katrina and other disasters before!!!!)
And, if the company was so great, why was buffy not willing to buy it
himself???
Watch out guys, warren does not like US stocks and has most of his
cash offshore
as per his famous 'worthless US$ comment made in Toronto (yeah, i was
there and
heard it along with his shock to the reaction.
He said worthless. He meant worthless. He later stated he said worth
less.
Now, if credit concerns are over and the market is poised to rally to
18K ( it could,
not discounting a rally) we will see a flurry of firm deals made at
market lows in
the next few days. The will not bicker yahoo, they will raise into
the rally before it
costs a lot more.)
If you don't see 10 midsized deals announced in the next few days, the
crunch is
still on and the 13k level stock market is in the same shape as
chaney's heart.
We now see greed. Low VIX is not a good thing, its an alarm of hyper
greed,
greed always becomes fear.
I have an open $10 Euro bet with anyone that will take it.
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