Reading Time: < 1 minute I sold my remaining BRK.B share last week, and got some US bank (NYSE: USB) shares instead. The main reason I sold BRK.B is: 1) I don’t really understand the valuation of the business, which is 50% insurance + 50% manufacturing, housing, retailing etc. I have no idea for insurance and the whole thing is

Reading Time: < 1 minute (update) CNNMoney appears to agree with me. When did I sound like MSM (main stream media)? Obviously, that’s how the US goverment thinks. When bailing out the AIG, they were saying AIG is a systematic important institution, and they just could not let it fail. And here is the bailout (handout details).

Reading Time: < 1 minute The promotion ends Monday March 30, for new customer only. $25 will appear in acct shortly after opening. Need to use the Check Card once to get the remaining $50. As I understand US bank does business mostly in Midwest and Northwest. Check out bank branch locations from their web site. No additional conditions such

Reading Time: < 1 minute Also collected here. 1. Why invest in Utilities? Does not Utilities need a lot of capital, what’s the difference between Utilities and the original Berkshire (BRK.A, BRK.B) textile business? You did explained in your letter that utilities can deploy capital for a decent return. And I read this old article “Why Buffett is buying utilities”

Reading Time: < 1 minute Unbelievable shot at the end of 1st half. Link here. Actually coach Anderson did ask players do those long range shoots in practice. It surely paid off.

Reading Time: < 1 minute Time to do some homework, amid all these AIG bonus (Yahoo Tech-ticker; NY Times op ed), and toxic asset plan (Krugman vs. Geithner craziness). I decided to calm down and took a look at US Bank (bancorp) (NYSE: USB; company IR page). Articles I read from seekingalpha Amit Kumar: Bank stocks: invest or trade? Martin

Reading Time: < 1 minute Toxic asset plan, or Public Private Investment Partnership (PPIP). Charile Rose Hedge fund manager’s perspective: Daniel Alpert is a managing director of Westwood Captial and Thomas F Steyer is Co-Managing Partner of Farallon Capital Management (total about 22 mins)

Reading Time: < 1 minute The plan Tim Geithner (WSJ): My Plan for Bad Bank Assets (aka Public Private Investment Partnership, PPIP); Treasury dept press release. Notice the PPIP will leverage the TALF program launched by Fed recently. Here is a picture explains how PPIP works with TALF. (click to enlarge) I think it’s important to read those before reading

Reading Time: < 1 minute Link here. See the video below. Watch CBS Videos Online The only thing I want to add is: what a game.

Reading Time: < 1 minute AIG bonus. 90% tax. Clawback (that’s new word for me). Goldman Sachs. The bank rescue (aka toxic assets) plan Tim Geithner (WSJ op ed March 23) My Plan for Bad Bank Assets; NY Times article; WSJ article. Paul Krugman (the recent Nobel Economics winner) comments (one, two) Meet the press, Face the Nation and ABC