Super Buffet to the Rescue

A few times we have spoken here of the "Oracle of Omaha" Warren Buffet. I admit that I admire him as a person (donating 99% of his fortune to charitable causes) and especially as a multimillionaire. And from very small, at 6, started with business, buying a pack of coca cola bottles and then sold loose with the consequent benefit. He bought his first shares at the tender age of 11 years (that little angel) and the 26 and founded his own investment company. Their strategy is very simple "with the Logout wallet full of dollars in settlements of the season."

And we must recognize that after the recent stock market movements, the market is on sale and that is how he sees Buffet. Yesterday it touched move with a plan to invest in "Monoline", the main function of a "Monoline" is to support their resources with a bond issue. In exchange for a premium, guaranteed payments and interest associated with a broadcast of paper. The truth is that this definition is infumable, but basically come to be the foundation on which underpin mortgage s high risk.

Since we are talking about a rather espabilado investor, it is clear who will stay with the most creditworthy of a business that is literally drowned and accept help is at a price they can. For the moment, what it has achieved is to lift the mood of investors has offered to say that "reinsure" $ 800 billion in tax-free bonds or municipal. We write in numbers, it seems more: 800,000,000,000 dollars.

This is the first reading we have, Buffet spoke bags and go up, but if we look in more detail, we are faced with the paradox that companies theoretically benefit from this investment, plummeted yesterday on the stock, how can this be?. We try to count in this article (in English) entitled "The kiss of death Buffet" I've discovered thanks to Cotizalia where we are trying to count the trick:

And is that the news contains three tricks.
One, any realization will not occur until within at least 30 days. Buy the rumour.
Two, Buffet wants to relieve the Monoline in its guarantees of emissions from municipal bonds, which theoretically have the backing of a public purse that was beginning to question their role. Leaves, by contrast, in the hands of the signatures existing coverage of those products are more toxic than those who actually are doing them harm (CDOs backed by mortgages garbage) tested yesterday as lower estimates of results that made AIG.
Three, the investor intends to pay a premium for the assets most miserable valid for these companies, whose acceptance would lead them to secure a recapitalization within a short period of time. ¿Discuss your performance? No. It is the market and its opportunity.

The interesting thing here is to see the amount of financial instruments that are scattered in the market who had heard of the Monoline? and quantity of opportunities that may have on the markets.

Another interesting news is that yesterday we were able to read the plan to help the debtors to be launched in the U.S..

The administration of President George W. Bush and six major mortgage lending institutions announced Tuesday the latest proposal to deal with the problems in the housing market, and offered to "pause" the process of implementation of the mortgages for troubled home owners.

On this side of the pond, now it's up to talk to our friend Trichet, we will be attentive to his speech as the markets begin to discount rate cuts, after the bad macroeconomic data that have been published.

Locally, we see that banks and funds seeking new avenues of financing by the liquidity crisis.

The latest discovery has been the mortgage ballots, which are fixed-income securities issued by an entity that has a double guarantee of the issuer and the buildings themselves. These ballots, regarded as one of the highest quality assets, have been an excellent means of funding until the crisis in August.

The article today has been a bit thick but occasionally it is appropriate to speak of "Monoline" and "mortgage cards" to better understand what is simmering in the market.

So to create a little controversy. What do you think the U.S. measure taken to help the mortgage? Do you see feasible in Spain?

Written by Carlos Lopez on February 13, 2008 with 186 points.
Read more articles on Euribor

[+] Reddit: This article stresses
[+] Del.icio.us: Add this article to Favorites
[+] Furl: Add this article to Favorites

Always negative, never positive (November 17, 2008)
Comment of the week (November 16, 2008)
The week in the markets (6-13 Nov) (Nov 14, 2008)
Real CPI (Nov. 13, 2008)
The economy of Homer (III) (November 12, 2008)

Pages: [1] 2 3 4 '

186 reviews

Read the comments left by other users below, or:

Leave your comment

Pages: [1] 2 3 4 '

# 1, Elisa

February 13, 2008, at 9:45.

Bajadita one of the Euribor 4.2% and not stop until it stabilizes at 3.5%.
ACUMBAWEEEEEEE!

-6

# 2, Enculator

February 13, 2008, at 9:48.

We're going to come down today!! ACUMBAWEEEEE!!

-4

# 3, MadRAM

February 13, 2008, at 9:53.

As of the last aid in the USA to my knowledge that is mortgaged to postpone by 30 days the process of freezing, right? As no other kind of aid they would provide recently.

Other news:
http://www.madridpress.com/noticia.asp?ref=70254
"The Spaniards take an average of seven years to pay for their new car"
"The selling price of an average vehicle in Spain rose to 21,634 euros in 2007 and most of the buyers needed to expand its mortgage financing or use to pay for it. On average, those same buyers will take seven years to finish restoring the credit "

http://www.madridpress.com/noticia.asp?ref=70252
"Consumption in Spain marking its lowest level in seven years"
"The psychosis by the economic crisis has reached consumers. Spaniards spent the past year a total of 64,200 million euros in basic consumer products for home, a 5.5% increase over the previous year. This growth is the lowest in the past seven years, according to Nielsen Yearbook, which ensures that the slowdown in consumption has occurred by psychosis among buyers with regard to the rise in some prices. "

http://www.madridpress.com/noticia.asp?ref=70246
"Valentino Rossi agrees to pay 35 million euros to finance in Italy"
"The former MotoGP champion Valentino Rossi has agreed to pay 35 million euros to the Italian tax authorities after reaching an agreement in a prolonged investigation.
In a release issued on Tuesday before a news conference in his hometown, the pilot of 28 years said it will pay 19 million euros for the period 2001-2004 and that payments in 2005 and 2006 mean that the total figure ronde 35 million. "

Greetings to all.

+10

# 4 Another anonymous

February 13, 2008, at 9:54.

The truth is that a month of little use. What you have not arranged in a life hardly what to do in a month.

+13

# 5, aléalé

February 13, 2008, at 9:56.

CARLOS LOPEZ
I will drop a little sheet.
I know that I step, and that's why I have to be willing to receive.
(I ask forgiveness to those who may have been annoying).
but yesterday was a bit heavy, I entered the forum of political will miss a few laughs and to the point of EURIBOR.com Forero and not to argue with people for national democracy, it is in my hand cut the conversation as well, I .
I spent yesterday ready for when I asked a little wide-sleeved, I ask that you now have a bit of restraint.
for me not to go further in the forum of politics, so if you continue learning from the rock in this forum that you currado

+29

# 6, Ano-mum

February 13, 2008, at 9:56.

What do you think the U.S. measure taken to help the mortgage?

-5

# 7, Max

February 13, 2008, at 9:59.

Speaking of Warren Buffet and apprentices, in the Hispanic world, we have to Carlos Slim, now in times scrambled behind the phone company Yoigo.

The Mexican plant Slim battle in Spain and is negotiating the purchase of Yoigo

These sources say that the first contacts have been established across the Mexican billionaire's son-in-law, Daniel Hajj, taking advantage of the fair telephone from Barcelona, Mobile World Congress. The Economist says that representatives of Slim will meet in Madrid with Spanish shareholders, ACS Construction Activities and Services SA, Fomento Construcciones y Contratas of SA and Abengoa SA.

MADRID (Thomson Financial) - Carlos Slim, owner of the Mexican Telmex, is negotiating its entry into the Spanish market through Yoigo, a subsidiary of Swedish mobile operator TeliaSonera to 76.5%, according to The Economist citing sources related to The Mexican group.

The chief executive of Yoigo, Johan Andsjö, denied the newspaper that TeliaSonera would sell the subsidiary as that to date "have been very clear in ratifying its long-term commitment 'with its Spanish investment.

http://www.eleconomista.es/empresas-finanzas/noticias/363380/02/08/El-mexicano-Slim-planta-batalla-en-Espana-y-negocia-la-compra-de-Yoigo-Prensa. html

# 8, MadRAM

February 13, 2008, at 9:59.

# 5, aléalé
True, you pasasteis a bit. The great moments of "photo with the cornet white" and "poop, ass, piss fart"
I as a spectator I laughed a little.

Greetings to all.

# 9, Ano-mum

February 13, 2008, at 10:02.

What do you think the U.S. measure taken to help the mortgage?

It seems to me wrong, if free market, free market for all, not when it suits us.

It is also very American, first you into debt until the eyebrows and then I helped a little. It's like saying an American military, first bombed them and then put the strips.

Is it not better to prevent people are much debt? Is it not better to control the root problem is that the price of flats?

+21

# 10, Font

February 13, 2008, at 10:04.

I do not understand the anger of my neighbors. I've conditioned my house for an amount of € 250000.00 because what is needed and "justice". I told my neighbors that this is an investment and upgrade housing. In addition I said that we can pay in installments and that all comes out. Sure complain that the bill comes out to "The Community of Owners."

# 11, Max

February 13, 2008, at 10:06.

Curious announcement of a real estate:
http://rinzewind.org/archives/2008/02/12/% C2% A1rapido-to-be-end /

# 12, CARLOS

February 13, 2008, at 10:09.

I do not understand ... if that's your own house paint neighbors ... and if it is the work of the community, that they have to accept the neighbors in a meeting before making them ...

# 13, Elisa

February 13, 2008, at 10:11.

Enculator Good morning!
I love you see more often in the forum, with the cry that you do so well. Today I read and I like it.
We had a little forgotten.
Salu2!

-9

# 14, Font

February 13, 2008, at 10:13.

To # 12, CARLOS
http://elmundo.es/elmundo/2008/02/13/espana/1202865985.html

# 15, Attila, King of the year

February 13, 2008, at 10:13.

Max, with heralding these increases, at this stage that floor and be worth at least triple. However, I play whatever you want to still be sold.
Is revalued, but not sold

I see pain, a lot of pain ...

# 16, ZP

February 13, 2008, at 10:14.

At the end of the year Euribor 5%

-33

# 17, Elisa

February 13, 2008, at 10:14.

Hey YO, 152 of the forum yesterday, OK. There are still people who do not have a veil on the geta. This government camufla us a lot, it gives us back and puts it to the bottom. Now we want to give much, why do not we gave it before? Because this will not be forced to govern.
Just ask the businessmen, who are the haves and the company that give us work if they want to quit the current government. Do not ask them to Ana Belen, Joan Manel Serrat ... so we pay all of Canon and they will ensure ... They favor a mediator called ZP that the whole world ... but if they said
Is that this comment is not very popular but we will do.
Salu2!

-24

# 18, pepipe

February 13, 2008, at 10:14.

It seems to me that the repair of Font only approves the administrator of the community (the bone on duty every four years)

# 19, CARLOS

February 13, 2008, at 10:15.

Vale font if I get it now, because di q is the news that ... I was q uncle. lol.

# 20, Elisa

February 13, 2008, at 10:17.

# 16.Tenías to get ZP. The name says it all to me. We also think that everything is going well and that there is no crisis, it lands.
At the end of the year to 3.5% Euribor ready.
Salu2!

-14

# 21, Carlos Lopez

February 13, 2008, at 10:18.

I really want to censor the words and ZP Rajoy ... I remember, in the political forum: http://www.euribor.com.es/foro/

+25

# 22, Sursuncorda

February 13, 2008, at 10:22.

I have no doubt that there are people who provide facilities or aid in exceptional cases. But in most cases, and seeing as more people into debt, clear example of the above on the expansion of mortgage to pay for the car, none of aid that each apechugue with their actions. In order here at my job there are people who earn half that and I have twice as expensive cars (by the way my car cost me 14.000e if you are interested), if tomorrow they had problems paying not give me the most Minimum hurt.
Greetings

+23

# 23, www.aedru.org

February 13, 2008, at 10:24.

A measure to revive the construction industry. Subsidized loans to fixed rate of interest, both in new purchases of housing usual, as in the refinancing of existing loans. These subsidies could be 2 or 3 points to the interest rate, and could automatically deduct the financial institution, or via tax through the income tax declaration http://www.aedru.org/index-a.htm

-18

# 24, aléalé

February 13, 2008, at 10:32.

Trichet spoke when you know?

# 25, Max

February 13, 2008, at 10:37.

Trichet spoke on the 11 at the seminar "Capital markets and financial integration in Europe."

# 26, Pratenc

February 13, 2008, at 10:40.

It is assumed that governments "capitalists" should not intervene, as it seems that the U.S. is going to do. The liberal economy has its risks and you risk when you can win or lose. But apparently seen, we are in the culture of if I win "everything to me" and if I lose "state pope to come to our aid," as claimed here those affected by the Philatelic Forum. And I wonder to the victims, if they had been lined with this investment it had spread to the rest of mortals? A no, because now that espabilen.

On the other hand, and turning to what the aid, it is clear that although I am not in favor, it seems inevitable that when you reach a limit situation is over intervening. But why did not intervene earlier? We could see this coming, it was a matter of time, why do governments look the other way and wait until the situation is very serious? The refranero Spanish is very wise and said "we have to prevent before cure", for that, gentlemen rulers, do not think so in large numbers and to remedy such situations before they explode in their hands, and above all in bosillos of workers.

+18

# 27, fjgobea

February 13, 2008, at 10:45.

I had a Deja-vu

# 23, http://www.aedru.org

-4

# 28, Question

February 13, 2008, at 10:46.

I think it also has a good point and a cut flexilizacion changes in mortgage payments and more.
A greeting

# 29, mercu3

February 13, 2008, at 10:49.

because if, even in my dream I would do much to see as those seized hundreds of Porsche, BMW, touregs, Q7 ... purchased at the expense of extending the mortgage 15 years or expand several tens of thousands of euros miserable ...

a little low today 4294

on the aid of the U.S., corregidme if I am wrong but to postpone the process for 30 days embargo is a help if, but when suicide ..

# 30, Carlos Lopez

February 13, 2008, at 10:51.

Changing some theme (but without leaving today). Very interesting article on the Yahoo-Microsoft saga:
http://www.cincodias.com/articulo/empresas/Yahoo/prepara/ampliacion/capital/medida/frenar/Gates/cdscdi/20080213cdscdiemp_3/Tes/

This is going to look long and be entertained.

"One of the options Yahoo going to implement the poison pill or poison pill, introduced in March 2001, at the height of the bubble technological explosion that caused a widespread collapse of the shares of Internet companies. According to Bloomberg, the measure allows investors to buy shares of the company's half-price if a third party acquires more than 15% of the capital without permission from the council. "

# 31, JavierML

February 13, 2008, at 10:51.

# 12 Carlos

Font ironic on the news by which the justice minister has reformed its new home at the expense of us all, worth 250,000 euros, with items such as 20,000 euros to reform the bathrooms or 5400 euros in the terraces for gardening.

Such housing is the same as it was seen recently and another minister who was made a few foxes.

# 32, JavierML

February 13, 2008, at 10:53.

# 14 Font,

He had not seen link ... there is better explained.

# 33, Anonymous

February 13, 2008, at 10:54.

http://www.elpais.com/articulo/economia/inmobiliaria/declara/suspension/pagos/deja/aire/ahorros/mil/accionistas/elpepueco/20080212elpepueco_13/Tes

In order to be prepared ... when you see the neighbor's beard cut ...
On protectionism made in the USA, truth, in a country where the cups of Starbucks coffee should indicate that care is taken because they could burn the contents, believing that they do not need help for something more complicated is outrageous.

# 34, exAlquilada

February 13, 2008, at 10:54.

it falls, it falls
I with an average with what's in February when, if things stagnate until my revision (alla by June) and would have a lower share of 4 Eurit.

# 35, t3res

February 13, 2008, at 10:56.

At the beginning of the twentieth century, Argentina was the richest country and most developed in Latin America, thanks to the actions of their politicians (Menen ect ...) ended up in the playpen. Therefore politics and economy go hand in hand.

# 36, irnegativo

February 13, 2008, at 10:56.

I have read that spoke to all four:

http://www.invertia.com/noticias/noticia.asp?idNoticia=1900215

Confirm the "DECONT by the markets' rate cuts?

# 37, Max

February 13, 2008, at 11:01.

irnegativo, you're right (in five days than to put 11):
http://www.estrategiasdeinversion.com/view.php?id=24916
-ECB conference on capital markets and financial integration. Trichet Speech (1540)

# 38, sopelmar

February 13, 2008, at 11:06.

there are family

Today I have the day off I will explore the concept my savings to the pendrive that if you gave me got 3000 euros to 3 months, whether it is a trinket, but it's free right? or will have to pay tax or SGA

as promoters seek to hear these outlets, in addition to the Monegros now we want to do more casinos in royal city

http://www.elmundo.es/elmundo/2008/02/12/suvivienda/1202840310.html

and that no longer are warning that the drought has portrayed to be the worst since records have been, amazing

another issue is knowing who is going to happen with our investments in brick in a few years (10 15 ...) on the new generation that will have 30 tacos at that time and is thinking about flying the nest, for both potential customers Do you know who are doing now? because in valencia where enculator is big business ladrillil we find this picture ... ... ...

http://es.youtube.com/watch?v=FGWMibtGOTM

but this will be within a half-decade, this goes live today with young people, here in the Basque country this happens

http://es.youtube.com/watch?v=E3DVuGkOt8g

had ended with a touch of humor, good passing day

# 39, Max

February 13, 2008, at 11:10.

We are going day and half to 4327%

# 40, mercu3

February 13, 2008, at 11:10.

worst of all this crisis are not the types, or Trichet, or Euribor, is going to be ... we are going to start seeing a multitude of news like this:

The halt in consumption multiplied by four the closure of small shops

That does not work in the construction does not mean that you are safe ..

# 41, Font

February 13, 2008, at 11:11.

Forgiven by the No. 10 post had been assumed that conocíais the news.

# 42, harryhaler

February 13, 2008, at 11:12.

Good morning,
Following the "aid" to axfisiados mortgaged for his loan, I think something like the famous contract to immigrants who now is in the center of Hurricane election, a peregruyada that solves nothing, a measure that media not invent anything new, who only appear to be doing something, I see no revolutionary step, finally, imagination to power, je, je, je.
It seems simply a refinancing of debt (must also be a reunion of debts because without doubt these people will have already done everything payable and avoid losing their homes) or by lengthening the repayment, (but take a more reasonable rate of interest such mortgages Why were most at risk as a bear greater interest). I doubt that those who are about to lose their houses have not done everything possible to withdraw money from the stones, finding such a solution.
But I wanted to raise three news of recent days of television news:
1) General Motors: loss of 70,000 million dollars, foresees the dismissal of 74,000 workers in the U.S..
2) 48% of workers Madrid takes less than 1000 euros a month (20% less than 600) and only 5% claim more than 3000 euros.
3) retired with pensions of less than 400 euros lengthen the pension looking in the garbage (frightening images in an advanced country?)
I guess this is the welfare of Spain.
Neoliberal theories of an expert on a TV breakfasts symposium discussing the topic:
"Spain goes into crisis because they have not undertaken the necessary reforms of a system of social protection and unsustainable without a labor market flexibility. Workers should have their salaries without inflation in order to absorb reractivar the economy and increase competitiveness. "
I think this recipe sounds to us all. The Neocons have a very strong media apparatus, there are good professors, experts, studies, foundations whose thesis and conclusion is always the same:
"The worker is to blame for all the ills it seeks a luxury power vivvir dignity of their effort," must therefore reduce their claims to see the capitalist attractive investment.
So we end up working from dawn to dusk for a plate of chickpeas and saying, if my master and lord ....
If the Spaniards who have to repay their mortgages are mileuristas, or pocomasquemileuristas, nobody thought what was happening to borrow exorbitant amounts for long-term, if the Euribor rose to a 5 %???? If that person does not lose the house, of course it will not consume because they spend everything they earn and what they earn back your partner in the mortgage going up and up. But that is not consumed does not sell to other companies and therefore have losses, and the first to cast templates whole, people who will have their mortgage ... ...
Anyway, I think we speak in Spanish welfare state where retirees have to eat garbage, when there is no public kindergartens, etc ... I find it amazing and ridiculous, but they were not dropped his face in shame ????.
So it is not the unlimited greed of a few (builders and bankers moneylenders) which has led to economic collapse, is the mileurista the culprit by claiming that if inflation is a theoretical 4%, something that no one believes when bought in a hypermarket, which last year with 1000 being the year 1040 !!!!!!
And river fishermen scrambled gain, of course, but to see who is able to float fish .... We find out

+56

# 43, mercu3

February 13, 2008, at 11:13.

MEETING 13/02/2008 11:01

Middle type
Euribor Week 4.117
1 Month Euribor 4.178
Euribor 2 Months 4.271
Euribor 3 Months 4.34
6 Month Euribor 4.332
12 Month Euribor 4.327

Eonia 12/02/2008 4.103

# 44, CARLOS

February 13, 2008, at 11:17.

Go bagpipes, Max q think you accidentally, has risen an average of 4320% to 4321%. Well, I with the average of today would have lowered from 84 € with the revision of March ... cross your fingers ...

# 45, nzu

February 13, 2008, at 11:19.

MEETING 13/02/2008 11:01

Middle type
Euribor Week 4.117
1 Month Euribor 4.178
Euribor 2 Months 4.271
Euribor 3 Months 4.34
6 Month Euribor 4.332
12 Month Euribor 4.327

Eonia 12/02/2008 4.103

# 46, Emilio

February 13, 2008, at 11:22.

# 41 font
You say that by Bermejo?

-2

# 47, moebius

February 13, 2008, at 11:26.

There are reports of the Euribor today?

-8

# 48, Chinese

February 13, 2008, at 11:33.

# 42, harryhaler
harryhaler very good!
makes me grace the Spanish social model (if it exists). when a citizen pays taxes is to receive a range of services in return. better part of the taxes go to the most unprotected people and opportunities. another thing is that taxes go to people who are not unprotected and that if you have had opportunities. I do not decide for anyone, so it will have to pay for mistakes of others?
desde hace tiempo estoy pensando en dejar de pagar el irpf. pago por servicios que no se cumplen y los que quedan cada vez son peores. asi que dejo de pagar pon incumplimiento de contrato. hasta que no restablezcas el servicio yo no pago.
Por otro lao, cada vez mas, se nota que la patronal tiene mas fuerza. El tema es claro, el gobierno debe de velar para que tanto empresas y trabajadores ganen mas (no uno a costa del otro, cosa que esta pasando).
bueno lo dejo, todo esto es utopico, no creo en esta democracia, por culpa, como siempre, de dirigentes corruptos y serviles de gente que precisamente no es el pueblo. y la democracia es eso, los ciudadanos establecen dirigentes para mejorar la situacion de todos los ciudadanos, no de cuatro a costa del resto.

# 49 , moebius

13 de Febrero de 2008, a las 11:34.

Porque este subidón de hoy?

Nos encaminamos lentamente hacia el 4,5%???

-5

# 50 , MadRAM

13 de Febrero de 2008, a las 11:37.

#38, sopelmar
“hoy tengo el dia libre me acercare a mi caja de ahorros a por el pendriver que me regalaban si metia 3000 euros a 3 meses , ya se que es una baratija pero es gratis ¿no?”

Haces bien!! a mi también me dieron uno por tener puntos por banca a distancia y allí me presenté yo a por él.

Saludos a todos.

Páginas: [1] 2 3 4 »

Deja tu comentario...

Recuerda: Nunca escribas en caliente, piensa, respira... y No alimentes a los "Trolls"

Puedes usar estas etiquetas XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> .