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Buffett and Munger Support Regulation and Consequences – For Others
Berkshire Hathaway Chairman Warren Buffett and Vice-Chairman Charles Munger made some prepared and impromptu statements at last weekend’s annual meeting and press conference. Some of those comments give us an unexpected – and disappointing – look into their thinking. »
Banks to Congress: “Don’t Fence Us In” – $20 Billion Derivative Revenue at Stake, but Not Future of the Business
Congress’ derivative legislation work is stumbling about as the “big banks” press to avoid constraints on their money machine. $20 billion annual revenues is certainly worth fighting for, but it raises an important question: What are they doing with derivatives that is worth $20 billion? »
John Tobey on Seeking Alpha
