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Tuesday, 05/12/2009 4:13:00 AM

Tuesday, May 12, 2009 4:13:00 AM

Post# of 303
Notes From Berkshire Hathaway’s Annual Meeting, 2009:

"Buffett highly recommended people interested in an overview of the mess, to read Jamie Diamond’s annual letter (JP Morgan Chase). I second his recommendation. It is a wonderful letter that I will highlight in a later article.

Wamu and other unnamed banks had many clear signs of trouble. They were hugely leveraged, doing business that they should not have been doing."

get the whole article here:
http://www.gurufocus.com/news.php?id=54571
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