Ge Capital Commercial Mortgage

Posted on December 27, 2011 by Admin
Ge Capital Commercial Mortgage

Ge Capital Commercial Mortgage

After having consulted on the phone this week with Warren Buffett and hearing how job lay-offs and little access to credit was beginning to affect Mr. and Mrs John Q. Public, on Friday enough Republicans and Democrats in the U.S. House agreed to vote yes for the up to $700 billion bailout deal which had been overwhelmingly passed by lawmakers in the U.S. Senate and was hurriedly signed into law by President George W. Bush. But at this point, for most Americans the ultimate waiting game begins now. Will this bailout plan calling for the U.S. Treasury to buy up to $700 billion worth of toxic mortgage backed securities work and stabilize the U.S. economy, or is this just a temporary stop on a long downward spiraling road to recession?

Warren Buffett's Advice to Lawmakers

Buffett's consummate advice to lawmakers as he talked to a Fox News Business reporter, was said to be for Congress to pass the bailout deal as he warned that markets were in a "dangerous situation and on the verge of breaking down." Having recently made a significant investment with a substantial infusion of capital to the tune of $5 billion to Goldman Sachs and a similar deal that he worked out with GE might have played a role in the advice he gave. But according to Buffett his first investment was a bet on Goldman Sachs and not on the market as a whole, as he commented in phone interview on Fox Business, "We have been approached by a lot of financial firms and Goldman Sachs is one I have a lot of confidence in. I like the people and I like the economics of their business and I like the deal that was offered to us." When asked if Goldman Sachs would have failed without the investment of Buffett's company Berkshire Hathaway Inc., Buffett said, "it is helpful to them to have this investment but I am really not interested in putting my money into businesses that are going to fail."