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Howard,
Thanks for clearing that up. When I read that my first thought was that you have
brokers and banks losing millions then suddenly, out of nowhere, unsubstantiated
and on the net, the ol' Warren Buffet rumor. Coincidence? I think not. Reminded
me of Bre-X.
A.M.
HBernst963@xxxxxxx wrote:
> Warren Buffett did not offer to buy 100% of Long Term Capital. He was asked to
> buy in to it and he, being the smart investor that he is, refused. That's why
> the Fed had to strong arm the banks to buy LTC.
>
> As for sales, retail sales are now tanking. Many companies have announced
> layoffs in the last few days. Banks are cutting back on credit rapidly.
> Caution is warranted.
>
> Howard
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