Buffett Purchases $2 Billion Solar Farm in California

By: Wednesday December 7, 2011 12:13 pm

Maybe Warren Buffett’s purchase of a California solar farm will finally force a recognition of the potential of solar energy from an economic standpoint. Since the dissolution of Solyndra, oil-besotted conservative lawmakers have dismissed this potential, saying that the industry was simply unprofitable. When Buffett makes an investment, that becomes a harder sell: Buffett’s MidAmerican [...]

Buffett: I’m Not That Partial to the Buffett Rule

By: Friday September 30, 2011 8:55 am

I don’t think Warren Buffett appreciates being used by the Administration as a human shield, at least judging from his appearance on Bloomberg this morning. Obama has called for higher tax rates on millionaires as part of his proposed deficit-reduction plan. Obama’s proposed tax increase, called the “Buffett rule” in a nod to Buffett’s call [...]

Obama Proposes Replacing AMT with Millionaire’s Minimum Tax

By: Sunday September 18, 2011 10:45 am

In tomorrow’s deficit speech, the President will propose a replacement structure for the alternative minimum tax, which would create what he will call “the Buffett rule.” It will set a minimum tax for individuals earning over $1 million a year. President Obama on Monday will call for a new minimum tax rate for individuals making [...]

Bank of America Trying Desperately to Get Small Enough to Fail

By: Wednesday August 31, 2011 10:54 am

In addition to blowing up the global settlement on foreclosure fraud and related issues, Nevada AG Catherine Cortez Masto’s complaint against Bank of America for reneging on their Countrywide settlement spells major trouble for the struggling bank. BofA stock is actually somewhat positive today, but this revelation on their mortgage servicing operations will eventually get [...]

Angel Investor Warren Buffett Dumps $5 Billion into BofA

By: Thursday August 25, 2011 7:40 am

Maybe this was what that phone call between the President and Warren Buffett the other day was all about: On Thursday, Berkshire Hathaway, run by Mr. Buffett, announced plans to invest $5 billion in Bank of America, a vote of confidence for the beleaguered financial firm. The conglomerate has agreed to buy 50,000 preferred shares [...]

Republicans Not Enamored of Buffett’s Progressive Taxation Plea

By: Wednesday August 17, 2011 8:10 am

You’ll be shocked to know that Republicans didn’t think much of Warren Buffett’s appeal for tax fairness and a more progressive system. Republicans blasted back at Warren Buffett after the billionaire investor argued in a newspaper opinion piece that the mega-rich in the U.S. are “coddled” by the tax code. “For tax-raising advocates like Warren [...]

Warren Buffett Makes the Case for Progressive Taxation

By: Monday August 15, 2011 8:15 am

As I mentioned earlier, even a policy of taxing the wealthy is sub-optimal at this point compared to borrowing cheaply to create jobs by expanding fiscal policy. That’s not to say it’s always and forever sub-optimal. First, the rich park their money rather than spending it, so if you’re going to pay for job-creating measures, [...]

Warren Buffett Asks Government to Raise His Taxes

By: Monday November 22, 2010 8:07 am

One reason why I think the new gambit on just extending the tax cuts for the first $250,000 of income won’t work is that there are enough wankers in the Democratic caucus like Joe Lieberman, who will consider a “sensible compromise” the position that gives Republicans everything they want, only to kick the can on [...]

Summers Meets Unions, Advocates On FinReg

By: Thursday June 3, 2010 8:26 am

Ryan Grim had the story last night: Larry Summers and his deputy, Diana Farrell, along with Eric Stein, Treasury’s guy for consumer affairs, met with progressive groups at the Eisenhower building to talk Wall Street reform. There were few surprises, meeting attendees tell HuffPost Hill, with Summers and the groups mostly in accord. The one [...]

In Enlightening FCIC Hearings, Rating Agencies and Derivatives Assailed

By: Wednesday June 2, 2010 3:09 pm

The Financial Crisis Inquiry Commission has been something of a disappointment, but today’s hearing on credit rating agencies yielded at least two nuggets of great information. First, there was this testimony from a former top director at Moody’s, one of the three big kahnuas in the rating agency world: Eric Kolchinsky, a managing director overseeing [...]

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