Forty of America's billionaires and their families pledged Wednesday to give more than half of their fortune to charity in a drive organized by Bill Gates and Warren Buffett. The group includes CNN founder Ted Turner, New York Mayor Michael Bloomberg, Oracle co-founder Larry Ellison and Hollywo... Read more...
The Dow plunged Thursday amid buzz in the market that European banks have halted lending. One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity — basically European banks are halting lending right now. "This i... Read more...
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28/02/2010,
by IAmNotARapperiSpit.com in News,
Stranger than fiction,
Technology,
Video,
World News
Warren Buffett has an elegant solution for the thorny problem of too-big-to-fail banks: Put the bankers' bank accounts on the line. Buffett, the chairman of Berkshire Hathaway (BRKA, Fortune 500), lashed out at the damage wrought by overpaid, unaccountable finance-industry bigwigs in his annual l... Read more...