From the Wall St Journal: When Warren Buffett starts extracting payday-loan returns from beaten-down Wall Street hardship cases, as he did last week with a $5 billion investment in Bank of America Corp., it makes me nervous. You should be, too. After all, shortly after Mr. Buffett and his company, Berkshire Hathaway Inc., went on a financial-industry spending spree in 2008, the banks and brokers teetered on the edge of collapse. . So, here are five of the most pressing questions:
1. Do the banks have enough capital? No one seems to know,….
2. Why aren't we getting more disclosure? Despite all the changes in the 2,000-page Dodd-Frank law…
3. What is the exposure?
4. Are the ratings fixed?.
5. Has "too big to fail" been made worse…
Find out more at http://online.wsj.com/article/SB10001424053111904583204576542900217467160.html
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