The Buffett

11/9/2009

• Warren Buffett's Berkshire Hathaway plans to sell its stakes in Union Pacific [UNP 62.38 0.02 (+0.03%) ] and Norfolk Southern [NSC 51.95 -0.12 (-0.23%) ], now that it plans to buy their competitor, Burlington Northern.

  In an SEC filing today (Monday), BNSF publishes the transcript of a conference call held by "certain officers" of the railroad for "certain BNSF employees" on November 3, the day Burlington and Berkshire announced their merger plans.
  
  

---

11/7/2009

The Buffett financial reporting is a good evidence of how corrupted the financial system is as the financial statement shows that the real operating income fell while net income is tripled using, obviously, colluded investments. As we know that he was making dubious deals in the middle of night using Goldman.

SEC/FBI is barking on small defrauds such as Galleon, however, the big frauds such as the Fed, Goldman, Buffett insider trading schemes are not touched while the fraudulent activities bankrupting the nation and millions of Americans. Only God can rescue us from such grand and egregious injustices.

• • Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
  • 
    
  • Third-quarter net income for Omaha, Nebraska-based Berkshire rose to $3.24 billion, or $2,087 per Class A share, from $1.06 billion, or $682, a year earlier. http://www.cnbc.com/id/33731952

    Excluding investments, operating profit fell less than 1 percent to $2.06 billion, or $1,325 per share, from $2.07 billion, or $1,335. On that basis, analysts expected profit of $1,308.25 per share, according to Thomson Reuters I/B/E/S.

---

11/5/2009

Berkshire Hathaway May Lose AAA Credit Rating

Buffett made irrational and deceptive investment decisions with colluded fund power with the Fed and Goldman etc., obviously, he had done so always just same as Goldman using colluded fund. But of course SEC, FBI, etc never brings a case against the FED or any other firms as auditing the Fed is never done.

http://trend-signals.blogspot.com/2009/11/buffett-blindedness.html

• • Fitch Ratings said Thursday it may cut its ratings on Warren Buffett's Berkshire Hathaway on concerns about the effect its planned acquisition of Burlington Northern Santa Fe will have on its asset profile and capitalization.

    Fitch said it may cut Berkshire from AA-plus, the second-highest investment grade. The move comes a day after Standard & Poor's said it may cut Berkshire from its top AAA rating.

    The acquisition of Burlington and other utilities, energy and finance company subsidiaries would shift Berkshire's asset profile to have a higher concentration in companies that have more leverage, Fitch said.

---

11/4/2009

It is a rational call to strip Buffett credit rating for making the irrational investment decision in a spur of the moment in the middle of the night as cnbc reported yesterday. The possibility of strip off the Berkshire credit rating is adding more reasons to an overdue market correction for many different reasons including commercial loan problems, as noted before and as Whitney and Roubini reported 'Mother of All Carry Trades' Will Lead to 'Asset Bust'.

• 
  
  Warren Buffett's Berkshire Hathaway could be stripped of its one remaining top-grade AAA credit rating.

  Standard & Poor's Ratings Services says in a news release today that it has put Berkshire on "CreditWatch with negative implications" in the wake of its announced deal to buy all of Burlington Northern Santa Fe.

  Last March, S&P kept its AAA rating on Berkshire, but lowered its outlook to "negative" from "stable" because lower equity prices were hurting the capital holdings of Berkshire's insurance operations.

  Fitch took away Berkshire's AAA rating in mid-March, and Moody's did the same in early April.