Finding:

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   Warren Buffett

   Buffett favors the inheritance tax, saying that repealing it would be like "choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics". ... From a NY Times article: "I don't believe in dynastic wealth," [Warren Buffett] said, calling those who grow up in wealthy circumstances "members of the lucky sperm club."
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   Undervalued stock

   Buffett stated that he is interested in predicable businesses and he uses the interest rate on the 10-year treasury bond in his calculations. ... ↑ Warren Buffett's 1989 letter to Berkshire Hathaway shareholders
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   Paulson financial rescue plan

   Consultations by the Secretary of the Treasury Henry Paulson, the Chairman of the Federal Reserve Ben Bernanke, and the Chairman of the U.S. Securities and Exchange Commission Christopher Cox with Congressional leaders and President George W. Bush, moved forward efforts to draft a proposal for a comprehensive solution to the problems created by illiquid assets, and other measures, resulted in some stock, bond, and currency markets stability on September 19, 2008. ... Warren Buffett said he wholehearedly supported the plan.
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   Freddie Mac

   Moody's gave Freddie Mac's preferred stock an investment grade rating of A1 until August 22, 2008 when Warren Buffett said publicly that both Freddie Mac and Fannie Mae had tried to attract him and others. ... Shares of Freddie Mac stock, however, on September 8, 2008 were worth about one U.S. dollar.
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   Berkshire Hathaway

   As Buffett said in his 1995 shareholder letter: ... ↑ Berkshire Hathaway to buy reinsurer, start bond insurer - MarketWatch
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   Emergency Economic Stabilization Act of 2008

   News of the coming plan resulted in some stock, bond, and currency markets stability on September 19, 2008. ... Investor Warren Buffett says he could put in $10B plus $90B nonrecourse debt; that is, without having to repay beyond $10B if mortgages did not repay.
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   History of private equity and venture capital

   Warren Buffett, who is typically described as a stock market investor rather than a private equity investor, employed many of the same techniques in the creation on his Berkshire Hathaway conglomerate as Posner's DWG Corporation and in later years by more traditional private equity investors. ... At that time, many market observers were pronouncing the junk bond market “finished.”
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   Credit default swap

   In Berkshire Hathaway's annual report to shareholders in 2002, he said, "Unless derivatives contracts are collateralized or guaranteed, their ultimate value also depends on the creditworthiness of the counterparties to them. ... ↑ Warren Buffett (2003-02-21).
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   The Superinvestors of Graham-and-Doddsville

   Buffett then proceeds to present nine successful investment funds. ... Buffett, Warren (2004).
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    Barack Obama presidential primary campaign, 2008

    Obama's economic advisors include chief Austan Goolsbee, who has worked with him since his U.S. Senate campaign, Paul Volcker, Warren Buffett, health economist David Cutler and Jeffrey Leibman. ... Noting he had not chosen his words well, Obama subsequently explained his remarks, "Lately there has been a little typical sort of political flare-up, because I said something that everybody knows is true, which is that there are a whole bunch of folks in small towns in Pennsylvania, in towns right here in Indiana, in my hometown in Illinois, who are bitter."

Explore the following pages on Powerset:

• Warren Buffett,
• Undervalued stock,
• Paulson financial rescue plan,
• Freddie Mac,
• Berkshire Hathaway,
• Emergency Economic Stabilization Act of 2008,
• History of private equity and venture capital,
• Credit default swap,
• The Superinvestors of Graham-and-Doddsville,
• Barack Obama presidential primary campaign, 2008