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Lehman fate and cell Buffett |
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Is billionaire Warren Buffett if he could receive messages from voice mail, Lehman Brothers and avoided the credit crisis would not have space? Doubtful, but this can not be completely ruled out.
Buffett, whose Berkshire Hathaway holding company engaged in the investment side insurance, revealed that Britain's Barclays, which would, in September last year to buy the failing Lehman, contacted him on the assets of the New York insurance giant. But when Buffett asked to send more information by fax, they have never live to see. Guilty of ignorance of the technology. Because as it turned out, Barclays President Robert Diamond left a message on voicemail cells Buffett. Except that the billionaire did not know how it listens to. I do not Diamond. Could this matter Buffett revealed on the occasion of Tuesday's forum organized in Carlsbad, California, by the magazine "Fortune". Among American commentators once it has been suggested that if Buffett spoke with the Diamond, Lehman would not fall and the whole crisis would be much milder. As some observers have aptly points out, if an investor believed that the assets of Lehman can earn himself with Diamond. Likewise, Diamond had a chance to evaluate a contract with Buffett as a real, not a single recording to the post, just trying to catch the next time contact with the "oracle of Omaha". Especially since the ill-fated second weekend in September last year, phones rang incessantly. Lehman boss Richard Fuld tried hard to contact with Ken Lewis, president of Bank of America. By the U.S. financial authorities were heads of other banks and investment funds, which have the potential to buy back Lehman's assets. Hotlines have been between the U.S. and London, where decisions were whether Barclays has bid. Meanwhile, Buffett knows how to pick investments, and probably was very pleased with the fact that they do not need to speak with Diamond, and celebrate him empty-handed. It must be remembered that the other giants in trouble Buffett did not give aid. As mentioned in the Tuesday press conference asked about it, inter alia, insurer American Insurance Group, which received support from the government the day after the collapse of Lehman.
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