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; however, no one could predict the magnitude of the currently proposed bailout package.

let’s see if it passes today.