Before he sends more of his money to the US Treasury, billionaire and higher taxes advocate Warren Buffett will invest $5 billion in Bank of America Corp. Buffett's company, Berkshire Hathaway (NYSE: BRKa), announced the deal Thursday morning.
I asked my friend Tom Cahill to comment on the current discussion swirling through the blogosphere on Warren Buffett's call for higher taxes on the wealthy. Tom is a life long activist, the more unpopular the cause the better, as long as it is about
Behold the power of Buffett! With a $5 billion investment which will pay him $300 million per year in perpetuity, Warren Buffett has managed to boost the share value of Berkshire Hathaway by something north of $12
Just a week or so ago, Warren Buffett wrote a piece for the New York Times complaining that filthy-rich Americans such as himself were being coddled by a “billionaire-friendly Congress.” Billionaires don't really mind paying taxes, he said.
This morning, Bank of America announced that Warren Buffett is injecting $5 billion into the company in the form of preferred stock. This apparently much-needed injection has reassured Bank of America's clobbered
