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.

Comments

[DailyBail]

"A Wolf In Sheep's Clothing"

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

On Warren buffett

[ain't bullshitt'n]

Most felony acts are premeditated ......AB

[Texas Dar]

"OMG"...........in the bath tub, way to much info.............Only thing Worser'est, is the thought of "Snortin-Nancy" or "Whitchen Bitchen Hillery......................!

[mofo]

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.

[john]

Interesting events over the last 2 days.....


Schwarzenegger to GOP 2012 field: Move green-energy debate past Solyndra
http://thehill.com/blogs/e2-wire/e2-wire/197115-schwarzenegger-to-gop-2012-field-move-green-energy-debate-past-solyndra

Berkshire Buys $2 Billion Power Project in Buffett Solar Bet
http://news.businessweek.com/article.asp?documentKey=1376-LVTXLI6KLVRB01-7GR2GKJ41M22OSLLJAANOMEGT9


Photo of the day:

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