Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (78530)	8/25/2011 9:14:22 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 217740

No doubt about it.. Buffet was probably asked for his advice as to what to do about BAC.. He did the numbers, and realized that he could use his immense financial and personal clout to extort a deal with Moynihan that is to Buffett's financial advantage, while giving BAC some real credibility. Again, I concur with some of the pundits out there that BAC can probably drag out it's liabilities and settle for less. Few courts will accept a settlement that forces one of the parties into bankruptcy. Look how difficult it's been to get the Asbestos industry to "pay up" for the malfeasance of their former management? (this is a "pet peeve" of mine since my father died of Mesothelioma two years ago). Hawk