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BIGGER THE SIZE, GREATER THE FALL
Are you one of those who are wondering how the woes of a handful of companies can create a global
financial crisis? Perhaps you should for starters consider just how huge they are. The total revenue of Freddie Mac, Fannie Mae, AIG, Lehman Brothers and Merrill Lynch added up to nearly $322 billion in 2007. There [...]
Buffett TO BUY Goldman Sachs
The world richest man Mr. Warren Buffett has come to save the world from the financial turmoil. His company Berkshire Hathaway Inc said on Tuesday that they would be investing at least $5 billion in Goldman Sachs Group Inc. In addition to buying $5 billion in preferred stock, Warren Buffett’s company also got warrants [...]