Did Bernanke Join Buffett In the Bathtub?
Get Alerts BAC Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bank of America grants $50,000 to NJ youth mentoring program
- Bank of America Expands Partnership With Big Brothers Big Sisters of Essex, Hudson & Union Counties to Grow Mentoring and Workforce Development Programming
- Berkshire Hathaway (BRK-A) PT Lowered to $695,000 at Keefe, Bruyette & Woods
Create E-mail Alert Related Categories
Fed, Insiders' BlogRelated Entities
Warren Buffett, Ben S. BernankeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share