harold’s blog…a work in progress

buffett invests $5MMM in banking as tpg loses $2MMM (not getting into complexities, they are similar animals. if you dont believe that, look how the shorts drove down one company and moved to the next and the amount of damage goldman sustained before government intervention). some were saying financials have a lot farther to fall; […]

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watch this while you can and make sure you check out the extended features. remember this was from 2004 though.

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greenberg has been saying core businesses are strong, just a liquidity crunch.
since they have stopped backing condos here (as rmic has also done) pmi is the only game in town.

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barclays is paying $250 million in cash for the lehman businesses and $1.5 billion for the securities firm’s new york headquarters and two data centers…the purchase includes the equities and fixed-income sales, trading and research businesses, commodities and foreign exchange, merger advisory and prime brokerage units…
that’s gotta hurt.

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was thinking about how stan o’neal was lambasted for talking about a deal last october. stock was at about $60 then.
but i am oversimplifying.
cheers.

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