Dear Mr. Buffett_ What an Investor Learns 1,269 Miles From Wall Street - Janet M. Tavakoli [138]
10 Josh P. Hamilton and Erik Holm, “Buffett Castigates Wall Street, Bankers on Blunders,” Bloomberg News, 5 May 2008.
11 Kara Scannell, “SEC Role Is Scrutinized in Light of Bear Woes” Wall Street Journal, 27 March 2008.
12 Jonathan Stempel, Buffett Backs Fed Over Bear Stearns,” Reuters.com, 4 May 2008.
13 “Testimony, Ben S. Bernanke, Developments in the financial markets, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, April 3, 2008.
14 Jeremy Grantham, “Immoral Hazard,” GMO Quarterly Letter, April 2008.
15 Bloomberg News, “Two Fed Bank Presidents Warn About Lending to Securities Firms,” NewYork Times, 6 June, 2008.
16 Jeffrey M. Lacker “Financial Stability and Central Banks,” speech presented by the president of the Federal Reserve Bank of Richmond, London, June 5, 2008.
17 Craig Torres, “Fed ‘Rogue Operation’ Spurs Further Bailout Calls,” Bloomberg News, 2 May 2008.
18 Krishna Guha, Saskia Scholtes and James Politi, “Saviours of the Suburbs,” Financial Times, 4 June 2008.
19 Warren Buffett during a televised CNBC interview with Becky Quick, Squawk Box, 22 August, 2008.
20 Dawn Kopecki, “Fannie, Freddie ‘Insolvent’ After Losses, Poole Says,” Bloomberg News, 10 July 2008.
21 Jody Shenn and James Tyson, “Fannie Mae, Freddie Mac Portfolio Caps Will Be Lifted,” Bloomberg News, 27 February 2008.
22 Nick Timiraos, “U.S.-Backed Mortgage Program Fuels Risks: FHA Struggles to Eliminate Loans for Zero Down,” Wall Street Journal, 24 June 2008.
23 Sannon D. Harrinton and Abigail Moses, “Company Bond Risk Rises as Bank Concerns Offset Fannie Rally,” Bloomberg News, 14 July 2008.
24 David M. Walker, Saving Our Future Requires Tough Choices Today, a presentation given by the former Comptroller General as part of the Fiscal Wake-Up Tour at Haas School of Business, University of California-Berkeley, Berkeley, California, March 5, 2008, U.S. Government Accountability Office document GAO-08-583CG.
25 Creadon, Patrick, dir. I.O.U.S.A. Documentary. Agora Entertainment, 2008. After the August 21, 2008 debut, Warren Buffett, CEO of Berkshire Hathaway; William Niskanen, Chairman of the CATO Institute; Bill Novelli, CEO of AARP; Pete Peterson, Senior Chairman of The Blackstone Group and Chairman of the Peter G. Peterson Foundation; and Dave Walker, President & CEO of the Peter G. Peterson Foundation and former U.S. Comptroller General participated in a live discussion broadcast to the movie viewers.
26 Stephen Labaton, “Paulson, at Talks on Regulation, Suggests Pendulum Has Swung Too Far,” NewYork Times, 13 March 2007.
27 Laurel Brubaker Calkins, “Enron’s Skilling Asks Appeals Court for Reversals,” Bloomberg News, April 2, 2008.
28 Bob Ivy, “John Rigas’s ‘Taj Mahal’ Sold to Illinois Firm for $3.5 Million,” Bloomberg News, 7 April 2008.
29 Christopher Bowe,“Kozlowski’s Wife Begins Divorce Action,” Financial Times, 16 August 2006.
30 Warren Buffett to Liz Clayman, CNBC interview at Georgetown, March 13, 2007.
31 Lucian Kim, “Rosneft Profit Rises Fivefold on Yukos Acquisitions,” Blomberg .com, 8 April 2008.
32 Deborah Solomon, “A Summit on U.S. Rules: ‘Too Gosh-Darn Complex,’” Wall Street Journal, 14 March 2007.
33 Wall Street Journal Research, “Subpar Earnings: Companies Blame Housing, Credit Problems for Weakness,” Wall Street Journal, 5 October 2007.
34 Warren Buffett to Liz Clayman.
35 Janet Tavakoli, “Subprime Lending Excesses Have Damaged US’s Standing as Global Leader in Finance,” Financial Times, 19 March 2007.
36 Francesco Guerrera, “Citigroup Takes $9bn Assets in Old Lane Move,” Financial Times, 13 June 2008.
37 Paul J. Davies and Jennifer Hughes, “US Banks Fear Being Forced to Take $5,000bn Back on Balance Sheets,” Financial Times, 4 June 2008.
38 U.S. Department of Treasury, The Department of the Treasury Blueprint for a Modernized Financial Regulatory Structure, March 2008, http://treas.gov/press/releases/reports/Blueprint.pdf.
39 Benjamin Graham, The Intelligent