Thursday, October 02, 2008

Warren Buffet's Shopping Spree

Warren Buffett, the billionaire who says the U.S. economy suffered a heart attack, is betting General Electric Co. and Goldman Sachs Group Inc. are among companies that will thrive when the credit crunch eases.
Buffett, heralded as the world's preeminent stock picker, is striking while the biggest banks find themselves strapped with a shortage of capital. Buffett's Berkshire Hathaway Inc. spent $8 billion in the past week to buy stakes in Fairfield, Connecticut- based GE and New York-based Goldman.
more HERE

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