Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, August 21, 2007

Looking For Warren Buffett

Will Warren Buffett come to the rescue of beleagered Wall St.?  "I can spend money faster than Imelda Marcos when things are right," the Wall St. Journal quotes him as saying, and he has $50 billion in cash to back up those words.  Although Buffett won't talk about possible acquisitions, speculation is that he will find bargains aplenty to his liking, including assets of the mortgage Countrywide Financial Corp.  WSJ, After the Tumult, Is It Buffett Time?

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