Buffett is brilliant! |
Billionaire investor Warren Buffett announced he would "bailout" troubled Bank of America. However, people have blogged that they want to see Bank of America fail just like the troubled Lehman Brother's failed. Unfortunately, failure would be a catastrophe, and is not an option because we remember the AIG fiasco? Folks, Mr. Buffett is saving Bank of America to prevent a tsunami in the country and the global market, and the transaction will prove profitable in the end for him. Subsequently, the failure of (BOA) can have a domino effect, and cause other financial institutions harm.
Wow! This old man is riche, riche, riche (lol)
I'm just saying...
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