Interbank Forex and the US Bailout

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July 3, 2009

Author : Anthony Wayne In a move reminiscent of J P Morgan’s attempt to salvage Wall Street in 1929, billionaire investor Warren Buffett invested five billion dollars in Goldman Sachs Group Inc Berkshire Hathaway Inc , owned by Buffet announced it was purchasing five billion in preferred stock and indicated a future purchase of five billion in common stock Stocks stabilized following Buffett’s investment but credit markets are still awaiting more news about the US government’s plan to bailou
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