Free Republic

Gasparino actually said in plain English: 1. The 2008 Real Estate Bubble was caused in large part by the three ratings agencies 2. That Warren Buffet had ownership of Moody's and made millions at the time. 3. That the Lubrizol purchase was a continuation of a trend that Buffet has shown toward these sorts of ethical lapses in very large, economy moving transactions. So far, this is the very first time that anyone in the MSM has uttered such things, and the last place I thought I'd see it was on a Fox channel. Kudos to Gasparino for actually reporting...

Billionaire investor Warren Buffett has agreed to pay $9bn (£5.6bn) in cash for US chemicals maker Lubrizol, making good on a pledge that he was on the hunt for big acquisitions. Mr Buffett's Berkshire Hathaway company offered $135 a share for Lubrizol, which is based in Ohio but has factories in almost 20 countries. The company expanded into Britain in the 1930s in its first venture outside the US. The deal follows Mr Buffett's near-$30bn acquisition in late 2009 of Burlington Northern Santa Fe, one of America's biggest railroad companies. The decision also underlines the billionaire's appetite for buying American...