Comments for Money GaGa http://www.moneygaga.com Wed, 10 Mar 2010 12:14:56 +0000 http://wordpress.org/?v=2.7.1 hourly 1 Comment on Investing in times of economic recession-A Warren Buffet story by AL http://www.moneygaga.com/2009/03/investing-in-times-of-economic-recession-a-warren-buffet-story/comment-page-1/#comment-52 AL Mon, 23 Mar 2009 22:59:41 +0000 http://www.moneygaga.com/?p=2644#comment-52 Add this article to a very long list that provide incorrect information about Berkshire Hathaway. Regarding the recently invested $11.5B, their is NO loss. He didn't buy the common stock, and the declines listed will cause no loss to Berkshire. Berkshire will only lose if the companies go bankrupt and fail to pay on preferred stock. Not only that, but it may get a HUGE bonus, because Berkshire was give warrants to purchase common (at its choice) on some of these issues, and is close to being in the money on the Goldman Sachs investment. This could mean BILLIONS of profits in addition to the 10% dividend. Buffett has explained the derivatives quite a bit. These will only bring losses to Berkshire if the markets continue poor performance for the next dozen or so years, a historically unlikely event. Both the drop in Berkshire's price and 3rd quarter loss are due to market conditions. Check other insurance or investment companies and you'll see worse. Berkshire is operated in a manner where quarter to quarter and year to year income/loss often fluctuates. The operating earnings are holding up fine given the difficult environment. Add this article to a very long list that provide incorrect information about Berkshire Hathaway.

Regarding the recently invested $11.5B, their is NO loss. He didn’t buy the common stock, and the declines listed will cause no loss to Berkshire. Berkshire will only lose if the companies go bankrupt and fail to pay on preferred stock. Not only that, but it may get a HUGE bonus, because Berkshire was give warrants to purchase common (at its choice) on some of these issues, and is close to being in the money on the Goldman Sachs investment. This could mean BILLIONS of profits in addition to the 10% dividend.

Buffett has explained the derivatives quite a bit. These will only bring losses to Berkshire if the markets continue poor performance for the next dozen or so years, a historically unlikely event.

Both the drop in Berkshire’s price and 3rd quarter loss are due to market conditions. Check other insurance or investment companies and you’ll see worse. Berkshire is operated in a manner where quarter to quarter and year to year income/loss often fluctuates. The operating earnings are holding up fine given the difficult environment.

]]> Comment on Apple Shares Cut to $70? by Will Apple out Apple Netflix http://www.moneygaga.com/2009/01/apple-shares-cut-to-70/comment-page-1/#comment-30 Will Apple out Apple Netflix Wed, 21 Jan 2009 02:37:43 +0000 http://www.moneygaga.com/?p=48#comment-30 [...] ten years ago you didn’t count out Microsoft, you don’t count out Apple. Remember, they are the owners of the ever popular iTunes, and have positioned themselves in the [...] [...] ten years ago you didn’t count out Microsoft, you don’t count out Apple. Remember, they are the owners of the ever popular iTunes, and have positioned themselves in the [...]

]]> Comment on Apple Shares Cut to $70? by Apple Shares Cut To $70? http://www.moneygaga.com/2009/01/apple-shares-cut-to-70/comment-page-1/#comment-29 Apple Shares Cut To $70? Tue, 20 Jan 2009 15:26:16 +0000 http://www.moneygaga.com/?p=48#comment-29 [...] So the news on Steve Jobs hasn’t been very good for shares of Apple , which has seen it’s shares drop recently However, the Royal Bank of Canada today downgraded the Apple stock price and slash its target of $125 per share down to $70. …[Continue Reading] [...] [...] So the news on Steve Jobs hasn’t been very good for shares of Apple , which has seen it’s shares drop recently However, the Royal Bank of Canada today downgraded the Apple stock price and slash its target of $125 per share down to $70. …[Continue Reading] [...]

]]> Comment on Dr. Doom Predicts Market Stop by Jim Spence http://www.moneygaga.com/2008/10/dr-doom-predicts-market-stop/comment-page-1/#comment-28 Jim Spence Tue, 20 Jan 2009 05:01:11 +0000 http://www.moneygaga.com/?p=16#comment-28 Monday I was searching for sites related to Marketing and specifically in investing market stock tip and I found your site. Monday I was searching for sites related to Marketing and specifically in investing market stock tip and I found your site.

]]> Comment on Apple Shares Cut to $70? by Paul Fraser http://www.moneygaga.com/2009/01/apple-shares-cut-to-70/comment-page-1/#comment-27 Paul Fraser Tue, 20 Jan 2009 02:16:11 +0000 http://www.moneygaga.com/?p=48#comment-27 RBC Bank President Gordon Nixon - Salary $11.73 Million $100,000 - MISTAKE (FISHERMEN'S LOAN) I'm a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account. There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract. Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC. Only problem is the loans officer was a replacement who wasn't familiar with these type of loans. She never informed me verbally or in writing about this new criteria. Phone or e-mail: RBC President, Gordon Nixon, Toronto (416)974-6415 RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821 RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600 RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca http://www.pfraser.blogspot.com http://www.corporatebully.ca http://www.youtube.com/CORPORATEBULLY http://www.p2pnet.net/story/17877 "Fighting the Royal Bank of Canada (RBC Bank) one customer at a time" RBC Bank President Gordon Nixon - Salary $11.73 Million

$100,000 - MISTAKE (FISHERMEN’S LOAN)

I’m a commercial fisherman fighting the Royal Bank of Canada (RBC Bank) over a $100,000 loan mistake. I lost my home, fishing vessel and equipment. Help me fight this corporate bully by closing your RBC Bank account.

There was no monthly interest payment date or amount of interest payable per month on my loan agreement. Date of first installment payment (Principal + interest) is approximately 1 year from the signing of my contract.
Demand loan agreements signed by other fishermen around the same time disclosed monthly interest payment dates and interest amounts payable per month.The lending policy for fishermen did change at RBC from one payment (principal + interest) per year for fishing loans to principal paid yearly with interest paid monthly. This lending practice was in place when I approached RBC.
Only problem is the loans officer was a replacement who wasn’t familiar with these type of loans. She never informed me verbally or in writing about this new criteria.

Phone or e-mail:
RBC President, Gordon Nixon, Toronto (416)974-6415
RBC Vice President, Sales, Anne Lockie, Toronto (416)974-6821
RBC President, Atlantic Provinces, Greg Grice (902)421-8112 mail to:greg.grice@rbc.com
RBC Manager, Cape Breton/Eastern Nova Scotia, Jerry Rankin (902)567-8600
RBC Vice President, Atlantic Provinces, Brian Conway (902)491-4302 mail to:brian.conway@rbc.com
RBC Vice President, Halifax Region, Tammy Holland (902)421-8112 mail to:tammy.holland@rbc.com
RBC Senior Manager, Media & Public Relations, Beja Rodeck (416)974-5506 mail to:beja.rodeck@rbc.com
RBC Ombudsman, Wendy Knight, Toronto, Ontario 1-800-769-2542 mail to:ombudsman@rbc.com
Ombudsman for Banking Services & Investments, JoAnne Olafson, Toronto, 1-888-451-4519 mail to:ombudsman@obsi.ca

http://www.pfraser.blogspot.com

http://www.corporatebully.ca

http://www.youtube.com/CORPORATEBULLY

http://www.p2pnet.net/story/17877

“Fighting the Royal Bank of Canada (RBC Bank) one customer at a time”

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