• Home
  • What is Value Investing
  • Value Investing Notes
  • Download Value Investing Notes
  • Contact Us
  • Site Map

Value Investor Remeinder:

"Value investing is at its core the marriage of a contrarian streak and a calculator." - Seth Klarman

Your Bookmark

Facebook MySpace Twitter Digg Delicious Stumbleupon Google Bookmarks RSS Feed 

Investing Ebooks

All Resources(303)
- - - - - - -
Applied Value Investing Series (8)
Value Investment (3)
Value Investing (15)
Investment Training (25)
Warren Buffett Series (10)
Equities & Stocks (123)
Personal Finance (15)
Real Estate (12)
Foreign Exchange (53)
Economics (10)
Derivatives (0)
Debt (0)
Commodities (21)
Investment Software (8)

Login Form



  • Forgot your password?
  • Forgot your username?
  • Create an account

Berkshire confirms Buffett subpoenaed to testify

Posted in warren buffet News on May 30, 2010 by Administrator

(Reuters) - Berkshire Hathaway Inc (BRKa.N)(BRKb.N) confirmed on Friday that Warren Buffett will testify under subpoena before a U.S. panel examining the causes of the 2008 financial crisis.

 

Buffett, 79, rebuffed earlier requests by the Financial Crisis Inquiry Commission to submit to voluntary questioning, resulting in Tuesday's subpoena, Berkshire said.

 

Carrie Kizer, an assistant to Buffett, confirmed the accuracy of a Fortune magazine article on Thursday that revealed the subpoena and Buffett's resistance to testifying.

 

Buffett, Moody's Corp (MCO.N) Chief Executive Raymond McDaniel, and five other current and former Moody's officials will testify on June 2, as the commission examines credit ratings and how investors use them.

 

The Congressionally appointed commission is examining the causes of the worst financial crisis since the 1930s and is trying to find flaws that could be remedied through reforms. It is slated to issue a report by December 15.

 

Moody's is the parent of credit rating agency Moody's Investors Service. Berkshire had a 13 percent stake in Moody's as of March 31, regulatory filings show.

 

Buffett is the world's third-richest person, with most of his fortune coming from Berkshire. He has since 1965 run the Omaha, Nebraska-based conglomerate, which now has roughly 80 companies and tens of billions of dollars of investments.

 

(Reporting by Jonathan Stempel; editing by Andre Grenon)

Article From: http://www.reuters.com/article/idUSTRE64R4I720100528

AddThis Social Bookmark Button

Tags: None

Leave a Comment • Trackback • Edit
Please login to comment

Value Investing Guide

Home
Value Investing Notes Outline
Philosopy of Value Investing
Security Analysis Method
Value Investing theory
Detail Security Selection
Set Investments Goals
Download Value Investing Ebook

Investment Update

Investment News
Berkshire Update
Warren Buffet News
Value Investing News
World Funny News

Key Concepts

  • Investment Video
  • Free Investment Ebook
  • Free Investment Training

Get Free Ebooks

Value Investing & investment for you, Powered by Joomla! and designed by malykay graphics affiliate partner

Valid XHTML and CSS.