tag:blogger.com,1999:blog-2335748440449035592.post4205362669201489504..comments2008-09-24T10:56:04.943-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-60228502077077083542008-09-24T10:56:00.000-04:002008-09-24T10:56:00.000-04:00interesting that Buffett stated he wouldn't have bought into GS without being confident thatt he govt will approve the Rescue Plan. Maybe hes getting news just from CNBC, but I'd guess he also has the inside advantage of direct contacts with politicians. Also wonder how much influence his statements will have on congress.Stonefoxcapitalhttp://www.blogger.com/profile/00583540825602471042noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-53921570999625960752008-09-24T00:46:00.000-04:002008-09-24T00:46:00.000-04:00Also came across this which could mean that whatever we do won't stop the global problems and might negate our own efforts:<BR/><BR/>(http://www.finfacts.ie/irishfinancenews/article_1014796.shtml)<BR/><BR/>Europe's biggest banks face greater capital shortages than US counterparts; Deutsche Bank has liabilities of €2 trillion - over 80% of the German economy. <BR/><BR/>Europe's biggest banks face greater capital shortages than their US counterparts, but have become too big for any one European country to save, according to a commentary by European economists Daniel Gros and Stefano Micossi of the Brussels-based Centre for European Policy Studies.<BR/><BR/>The “overall leverage ratio” - a measure of total assets to shareholder equity - of the average European bank is 35, compared with less than 20 for the largest US banks, the economists say, and relatively small writedowns on their assets could have a devastating impact on a bank's capital.<BR/><BR/>“If ever they were forced into a firesale, they could go very quickly into insolvency,” said Gros, who is director of the Centre for European Policy Studies. <BR/><BR/>Nice chart there too.. jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-48941341127637740452008-09-24T00:42:00.000-04:002008-09-24T00:42:00.000-04:00Finerman from Fast Money stated that she was going to jump on the bandwagon as well... I can see a quick bump up based just on Buffet, and suspect the new issue won't dilute the value of the stock when the **Bailout** makes it through congress.. So, I'll probably dip my toe as well.. <BR/><BR/>jeganjeganhttp://www.blogger.com/profile/05850061548373752817noreply@blogger.com