In 2008 the bailout in the U.S. continued slowly, with the Senate passing a revised “fix it” plan, which went back to Congress for their approval. This could have created some roller-coaster ups and downs as folks attempt to get things remedied or at least stabilized in the U.S. (and the rest of the financial world really). Luckily it was passed, but there were still tumultuous times in the Market.
Was I optimistic? Yes, but I was an optimistic guy. Was that the end of it? No, there were many more turns in the road. It did end up like Wile E. Coyote and suddenly realizing there was NO road underneath us.
Buffett Gives GE Cash
This one intrigues me because Warren Buffett seems to be “bargain hunting” right now while looking like he is a “saviour” for many companies. He has “given” GE $3B to help them with their cash flow issues. Mr. Buffett stated:
“I have been a friend and admirer of GE and its leaders for decades. They have strong global brands and businesses with which I am quite familiar. I am confident that GE will continue to be successful in the years to come.â€
He has put his money where his mouth is because Mr. Buffett receives a large amount of GE common shares for this cash infusion. Mr. Buffett will be coming out of this whole mess (in my opinion) with a lot more money in his pockets.
If Mr. Buffett wishes to give me a ca$h infusion, he is more than welcome.
Do Not Call the DNCL
I read stories about how the “No Call” registry to stop telemarketers crashed, but I had no problem, but don’t call them. Go to the website instead of at No Call Registry . Evidently, I have 31 days to wait for the calls to stop, which should be good (I registered my cell phone as well). However, my guess is the folks who call from 000-000-0000 will continue to call, and if I ever find out who it is, I will report them to the CRTC for having an illegal phone number.
Why is TD Diluting My Shares?
TD is going to be selling $5Bn of “mixed shelf” securities (i.e. shares, class A first preferred shares, warrants to purchase preferred securities and debt securities). This money will be going into their general fund and used throughout the company. More Class A shares mean dilution of the value of my shares by adding more to the pool. I’m not sure I like this idea, but the statement was unclear about how many Class A shares might be sold, so we shall have to wait and see.
