Did Bernanke Join Buffett In the Bathtub?
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With Warren Buffett disclosing to the world that he thought up his $5 billion investment in Bank of America (NYSE: BAC) while "in the bathtub," there is chatter Fed Chairman Ben Bernanke may have been in there with him. Not literally of course...
It is quite possible, and likely, that Mr. Bernanke knew about Buffett's investment in the embattled bank before it was announced on Thursday. So, how did this change up today's Jackson Hole speech? HIGHLIGHT ---> "DELETE".
Just days ago the nation's largest bank was in absolute free fall with rumors of a $100-$200 billion capital shortfall swirling. Enter Buffett.
Buffett clearly gave Bernanke a gift. Maybe the Chairman should send the Oracle some bubble bath for Christmas this year... or better yet how about QE3 wrapped in a bow.
It is quite possible, and likely, that Mr. Bernanke knew about Buffett's investment in the embattled bank before it was announced on Thursday. So, how did this change up today's Jackson Hole speech? HIGHLIGHT ---> "DELETE".
Just days ago the nation's largest bank was in absolute free fall with rumors of a $100-$200 billion capital shortfall swirling. Enter Buffett.
Buffett clearly gave Bernanke a gift. Maybe the Chairman should send the Oracle some bubble bath for Christmas this year... or better yet how about QE3 wrapped in a bow.
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