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That satisfies my skepticism. My apologies.
BruceB wrote:
> Just for the record, it was the WSJ which reported that Buffet made an offer
> for 100% of LTC for about $250 million. This normally wouldn't make it
> absolutely true, but they did publish an actual copy of the 1 page contract
> Buffet sent to Meriwhether! I don't think the WSJ is in the forgery
> business, and I think it's safe to say Buffet would have made a public
> announcement denouncing them after they did so...
>
> Bruce
>
> >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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