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Thursday
Aug252011

Warren Buffett: I Dreamt Up Bank Of America Deal In The Bathtub (VIDEO)

CNBC Video - Buffett explains the genesis of the BofA deal to Becky Quick - Aug. 25, 2011

Huffington Post

Warren Buffett is the third wealthiest man in the world. He also seems to like making market-shifting financial decisions while relaxing in the bath.

On Thursday, Buffett, the billionaire investor and CEO of Berkshire Hathaway, announced his company would buy $5 billion worth of shares in Bank Of America. Critics wondered if Buffett had been pressured to help the troubled bank. Not so, Buffett says.

"He says he just dreamt this idea up on Wednesday morning while he was in the bathtub," CNBC's Becky Quick said on Thursday after speaking with Buffett over the phone.

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Related video.

William Cohan thinks the Buffett deal will make it easier for BofA to raise additional capital.

 

 

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Reader Comments (5)

"A Wolf In Sheep's Clothing"

http://www.zerohedge.com/news/wolf-sheeps-clothing

On Warren buffett
Aug 25, 2011 at 11:49 PM | Registered CommenterDailyBail
Most felony acts are premeditated ......AB
Aug 26, 2011 at 9:12 AM | Unregistered Commenterain't bullshitt'n
"OMG"...........in the bath tub, way to much info.............Only thing Worser'est, is the thought of "Snortin-Nancy" or "Whitchen Bitchen Hillery......................!
Aug 26, 2011 at 9:23 PM | Unregistered CommenterTexas Dar
Bwahahahhahah !.......Five Billion is not enough to Bail-Out Skank of America they are Bankrupt end of story. The other shoe is about to drop and BofA will not survive.
Aug 27, 2011 at 5:10 AM | Unregistered Commentermofo
Dec 7, 2011 at 1:43 PM | Unregistered Commenterjohn

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