Bank Of America’s 5 Billion Dollar Man – Warren Buffett
It’s no secret that BoA has been having some liquidity problems of late. So, like a dashing Steve Austin, and one can almost hear the “dunh nuh nuh nuh” of his entrance, along comes Warren Buffett.
From NYT:
On Thursday, Berkshire Hathaway, run by Mr. Buffett, announced plans to invest $5 billion in Bank of America, a vote of confidence for the beleaguered financial firm.
Dunh nuh nuh. “We can rebuild it. We can make it stronger, faster, better. But if not, we’re pretty sure that Bernanke is going to print LOTS more and bailout BoA, so I win again,” so sayeth the Buffett. (not really, I made that quote up)
Posted on August 25, 2011