Markets

Warren Buffett joked he would be ‘eating Thanksgiving dinner at McDonald’s’ if the US government hadn’t bailed out the banks in 2008

Warren Buffett faced a fast-food Thanksgiving in 2008 if US authorities didn’t save the financial system, he joked in a CNBC interview in 2010. “If the government hadn’t acted, I would be eating Thanksgiving dinner at McDonald’s,” he said. The famed investor and Berkshire Hathaway CEO wouldn’t mind too much, […]
Warren Buffett joked he would be ‘eating Thanksgiving dinner at McDonald’s’ if the US government hadn’t bailed out the banks in 2008
Markets

Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Warren Buffett invested $US5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash cushion to the struggling lender. The famed investor and Berkshire Hathaway CEO had the idea to invest while taking a bath, and was initially blocked by a call-centre worker before […]
Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.
Markets

Warren Buffett loaned $300 million to Harley-Davidson during the financial crisis. Here’s the story of how he helped the motorcycle maker.

Warren Buffett loaned about $US300 million to Harley-Davidson during the financial crisis. “It was the bridge we needed to get us through a rough time,” the motorcycle maker’s finance chief said in 2014. Buffett’s Berkshire Hathaway probably netted about $US150 million in profit from the five-year loan, but could have […]
Warren Buffett loaned $300 million to Harley-Davidson during the financial crisis. Here’s the story of how he helped the motorcycle maker.
Markets

Here are Warren Buffett’s 25 best quotes from Berkshire Hathaway’s annual meeting, where he discussed airlines, coronavirus, and bailouts

Warren Buffett talked about airlines, coronavirus, bailouts, and other subjects during Berkshire Hathaway’s annual meeting on Saturday. The famed investor and Berkshire CEO cohosted the virtual event and answered several questions. Buffett disclosed that Berkshire sold its stakes in the “big four” US airlines in April, revealed that he has […]
Here are Warren Buffett’s 25 best quotes from Berkshire Hathaway’s annual meeting, where he discussed airlines, coronavirus, and bailouts
News

Mitch McConnell wants to prevent a ‘blue state bailout’ of stimulus money. But Kentucky takes more from the federal government than almost any other state.

Senate Majority Leader Mitch McConnell suggested last week that federal aid amounted to a “blue state bailout,” adding that states should file for bankruptcy instead of receiving emergency cash. His home state of Kentucky netted more federal cash than 47 other states, according to the Rockefeller Institute of Government. McConnell’s […]
Mitch McConnell wants to prevent a ‘blue state bailout’ of stimulus money. But Kentucky takes more from the federal government than almost any other state.
Markets

‘Bond King’ Jeff Gundlach is ‘frustrated’ by government bailouts of companies that piled on debt to fund share buybacks

Billionaire “bond king” Jeff Gundlach slammed government relief for public companies on Monday night. “I doubt I am the only person frustrated by National-Debt-financed bailouts of companies that leveraged up large to buy back stock to levitate share prices to enrich shareholders and company executives,” he tweeted. The DoubleLine Capital […]
‘Bond King’ Jeff Gundlach is ‘frustrated’ by government bailouts of companies that piled on debt to fund share buybacks
Markets

‘They’re not calling Warren’: Berkshire Hathaway’s Charlie Munger says ‘frozen’ bosses aren’t seeking Buffett bailouts

Warren Buffett’s Berkshire Hathaway spent billions on corporate bailouts during the financial crisis, but it isn’t fielding many calls for help this time around. “Everybody’s just frozen,” Charlie Munger, Buffett’s longtime partner, told The Wall Street Journal this week. “The phone is not ringing off the hook.” “Take the airlines,” […]
‘They’re not calling Warren’: Berkshire Hathaway’s Charlie Munger says ‘frozen’ bosses aren’t seeking Buffett bailouts