Posts Tagged ‘invests

25
Aug
11

buffett gives up on obama! oh, wait…..

NY Post: Following reports that President Obama phoned Warren Buffett from vacation in Martha’s Vineyard to discuss the economy, The “Oracle of Omaha” is hosting a fund-raiser for Obama’s re-election, billed as an “economic forum”.

Tickets for the event at New York’s Four Seasons restaurant on Sept. 30 start at $10,000 a head, with VIP tickets a budget-boosting $35,800.

Meanwhile:

Reuters: Warren Buffett will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs and General Electric during the financial crisis.

Bank of America shares rose 15 percent to $8.03 in early trading, erasing a large part of the stock’s August losses.

****

The President and First Lady’s fundraising schedule for New York next month:

September 20

Dinner with the President – Hosted by Roger Altman, Andi and Tom Bernstein, Michael Granoff, Jane Hartley and Ralph Schlosstein, Charles Myers, Pilar Crespi and Stephen Robert

Gala Dinner with the President and First Lady – with a special performance by Alicia Keys

Lunch with First Lady Michelle Obama and Congresswoman Debbie Wasserman Schultz

September 30

Economic Forum Dinner with Warren Buffett and moderator Austan Goolsbee




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