Warren Buffett: I'm 100% For Jamie Dimon

BAILOUT KING BACKS DIMON

Buffett poaches AIG executives for new venture.

May 3 (Bloomberg) -- Betty Liu talks with Warren Buffett about Berkshire Hathaway, his replacement, JPMorgan, and his outlook for the markets.

Comments

[DailyBail]

Buffett vs. Gross vs. Blankfein

http://blogs.marketwatch.com/thetell/2013/05/06/buffett-vs-gross-vs-blankfein-for-every-bond-bear-theres-a-bull/

[DailyBail]

Lance Armstrong’s mutual-fund career is over

http://www.marketwatch.com/story/lance-armstrongs-mutual-fund-career-is-over-2013-05-06

[DailyBail]

3 stocks to buy with 5% dividend yield

http://www.marketwatch.com/Story/story/print?guid=077587F2-B40C-11E2-AED8-002128040CF6

[DailyBail]

LONDON (MarketWatch) -- Berkshire Hathaway chairman Warren Buffett has come out in support of Jamie Dimon holding onto his dual roles at J.P. Morgan. In interviews, Buffett responded to recent calls for the bank's shareholders to split the chief executive and chairman roles held by Dimon. "I'm 100 percent for Jamie," he told Bloomberg Television on Sunday. "I couldn't think of a better chairman." On May 21, J.P. Morgan JPM +1.95% shareholders will vote on a non-binding proposal to separate the positions. If the split goes ahead, it will make it easier for the bank to change CEO, Buffett noted in an interview Monday on CNBC.

http://www.marketwatch.com/story/buffett-backs-dimon-as-ceo-chairman-at-jp-morgan-2013-05-06

[DailyBail]

Tsunami boat washes up on Californian shore

http://www.abc.net.au/news/2013-04-27/tsunami-boat-washes-up-on-californian-shore/4655210

Check out the photo

[DailyBail]

Jamie Dimon, received $18.7 million in total compensation for 2012

http://ca.news.yahoo.com/ceo-jpmorgan-chase-jamie-dimon-received-18-7-221115531--finance.html

[DailyBail]

The Other Thing JPMorgan Was Doing in Its Chief Investment Office: Profiting On the Death of Employees

http://wallstreetonparade.com/2013/03/the-other-thing-jpmorgan-was-doing-in-its-chief-investment-office-profiting-on-the-death-of-employees/

[DailyBail]

Jim DeMint: Immigration Reform Will Cost U.S. Trillions

http://abcnews.go.com/blogs/politics/2013/05/jim-demint-immigration-reform-will-cost-u-s-trillions/

[Ralph Jolly]

Jamie Dimon, can I please have my money back? I know that you are a sociopath, like Jon Corzine, but me and another 38,000 people would be really grateful. & you never know it might be good for public relations...
BTW, you will rot in hell you criminals, nothing personal...

[SKINFLINT]

Good piece. http://takimag.com/article/the_orifice_of_omaha/print#axzz2SdUfac5a

[SKINFLINT]

What DB. More Friday humour. The man could use a bath in a vat of vaseline though.

[john]

Warren Buffett's Berkshire eying Unipol insurance assets: report

http://www.reuters.com/article/2013/06/08/us-unipol-berkshire-idUSBRE95705L20130608

[snip]

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is interested in buying assets that Italian insurer Unipol (UNPI.MI) must sell as part of a merger with peer Fondiaria-SAI (FOSA.MI), business daily Il Sole 24 Ore said on Saturday.

The paper said Berkshire was eying commercial assets belonging to Milano Assicurazioni (ADMI.MI), a unit controlled by Fondiaria.

Unipol has been forced by Italy's anti-trust authority to sell portfolio assets with premiums totaling around 1.7 billion euros ($2.2 billion) as part of its rescue of the Fondiaria-SAI group.

The merger, which will create Italy's No. 2 insurer, is expected to close by the end of the year.

[john]

This is something that is going on the record. I will not elaborate now, but one major fucking doozy is about to pop.

http://www.fondiaria-sai.it/fondiaria-sai/fs/showpdf.do?name=/root/Area%20Corporate/it/02%20FonSai/c%20Investor/07_FON-SAI_Consolid.pdf&version=1.0

[Sagebrush]

John,
My beer drinkin buddies and I can't heads or tails out of this, but we really like f*cking Doozies so were looking forward to your elaboration.

[john]

Sage, I have written about his (Buffet's) energy efforts especially the wind side of it. Now go back to what I wrote about how the Mafia involved in the wind business in Italy (and here too). It only took a few minutes to look at the board of directors of the Italian Insurance firm Buffett wants to buy and VOILA! a name surfaced that is involved with the wind firms I have written about.

[john]

Buffett’s Smart-Grid Idea Takes Over Your Washing Machine

http://www.bloomberg.com/news/2014-12-17/buffett-s-smart-grid-idea-takes-over-your-washing-machine.html


Warren Buffett wants to tell you the best time to wash your clothes.

Or at least his energy company in the U.K does. Buffett’s Northern Powergrid Holdings Co. is working with Siemens AG (SIE) to test a so-called smart grid that has the ability to control when consumer appliances will be used in the home.

Being able to better manage when electricity flows allows utilities to lower consumer costs by reducing the need for new equipment, and to better handle surges and gaps from intermittent sources such as wind and solar. The pilot program, known as the Customer-Led Network Revolution, involves just 12,000 households in the U.K. and is one of only a few such projects being tested worldwide.
“This sort of technology is really important to the future of energy,” said Vincent Thornley, head of Siemens’s U.K. smart-grid research, in an interview. “Rather than building new cable networks and putting in new transformers, we can make better use of” existing systems by using automation.

A four-year trial for the system ends this month in northeast England. It complements the $15 billion investment Buffett has already made in wind and solar power in the U.S. that he said in June he’s ready to double. His MidAmerican Energy Co. is the largest U.S. owner of wind capacity among rate-regulated utilities.

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[skinflint]

And of course at the expense of the US taxpayer. For the love of God.