Monday, September 29, 2008

$3.5 BILLION IN 2 DAYS


"Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N), which has avoided major acquisitions in the financial sector in recent months, may have had a $3.5 billion two-day paper profit on six major banking and financial services investments. The two-day rally in financial shares, which drove the broad S&P Financials Index (.GSPF) up 24 percent, came as the government announced sweeping measures to rescue the financial system and restore confidence in shaky markets." (Yahoo News, 19 September) RD

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