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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (342094)	8/28/2007 11:33:06 AM
From: Bid Buster	Read Replies (1) \| Respond to of 436258

Whats your take on warren buffett buying banks? makes no sense to me at this point.

To: Box-By-The-Riviera™ who wrote (342094)	8/28/2007 12:14:21 PM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

Which is precisely why the big banks wanted to get VISA to the IPO altar ASAP before the proverbial cat gets out of the bag -- biz.yahoo.com However, I'm not so sure they can put that plan together now unless the funds they were going to stuff overpriced VISA shares into are completely and truly stupid (which is still a possibility, I freely admit) If in the end the banks can't get get off at least some of their impending credit card loan loss exposure by flogging shares, they will have to eat the entire mess themselves on top of what they're eating now on the mortgage front -- and that's going to put a nice dent in the banking group's balance sheets and their ability to aggressively loan in the future