Buffett sinks $5 billion into BofA

posted by
August 25, 2011
Fox Business News    
Posted in News, PND News

"Scoring one of the strongest votes of confidence it could have dreamed of landing, Bank of America said Thursday that billionaire investor Warren Buffett has agreed to invest $5 billion into the struggling banking giant at very favorable terms. The news sent shares of BofA rocketing as high as 25% at Thursday’s opening bell before retreating." [editor's note: let's review ... the guy pushing for a "soak the rich" tax-increase has once again tossed billions into the hands of yet another bankster venture, instead of just handing it over to the Treasury? - SAT] (08/25/11)

 

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