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Washington’s Shrewd Investment

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Today the headlines read something like:  Government Stands to Reap $7.5 Billion Profit from Sale of Citi Stock.  This was reported in both the Wall Street Journal and our local rag, the Des Moines Register, and while estimates vary as to the extent of this...

AIG and the Miracle of Economic Stimulus

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Like everyone else in America, I’ve been watching the AIG saga unfold with eager anticipation.  At first, I was in the “too big to fail” camp.  The sheer size of AIG, added to the complexity of its product offerings and coupled with the magnitude of...
Warren Buffett: Smarter Than Treasury

Warren Buffett: Smarter Than Treasury

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In an interview on CNBC television today, Warren Buffett disclosed that he wants to pursue buying some of AIG’s units.  This could reduce the impact of the AIG bailout on taxpayers since Berkshire Hathaway can help shore up some of the weaknesses in AIG as those...
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