tag:blogger.com,1999:blog-3758330678390419129.post8021591565966175769..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: What Did Warren Buffett Know about Bank of America and When Did He Know It?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-38280730221008576962011-09-11T19:37:42.512-04:002011-09-11T19:37:42.512-04:00A close friend of mine works for Canada's larg...A close friend of mine works for Canada's largest bank. He told me insider trading is part of the game. Us peons are lucky if we end up with a portfolio enough to help with our retirement. Them the facts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47382849567114441952011-09-11T18:26:05.037-04:002011-09-11T18:26:05.037-04:00So there's no proof, no evidence, and no parti...So there's no proof, no evidence, and no particular reason to even think this happened. But boy, it sure sounds shocking! Hold the presses!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48539120850890126182011-09-11T07:56:51.545-04:002011-09-11T07:56:51.545-04:00The bigger question about insider trading, as I po...The bigger question about insider trading, as I pointed out in my initial post, was that just days after Buffet put $5 billion into Bank of America, B of A announced it would raise an additional $8 billion by selling its stake in China Construction Bank. B of A was up nearly 4% on the news.Robert Wenzelhttp://www.blogger.com/profile/12653378186315529211noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-71803216179407750892011-09-11T07:48:31.482-04:002011-09-11T07:48:31.482-04:00Regardless of whether he was tipped off or not, BA...Regardless of whether he was tipped off or not, BAC's plans were not a secret. I work at Bank of America and the talk of 30k+ employees (formerly Associates) being let go was on people's lips for over a month prior to the announcement. Add to that the business redesign efforts in the "New BAC" initiative and you can see that many more than just the few at the top of the BAC Anonymousnoreply@blogger.com