Canadian Personal Finance Blog

So the bail out in the U.S. continues slowly, with the Senate passing a revised “fix it” plan, which now must go back to the Congress for their approval, so we still could have some roller coaster ups and downs as folks attempt to get things remedied or at least stabilized in the U.S. (and the rest of the financial world really).

Am I optimistic? Yes, but I am an optimistic guy. Is this the end of it? Absolutely not, there is many more turns in the road, my hope is we are not like Wile E. Coyote and suddenly realize there actually is NO road underneath us.

Buffett Gives GE Cash

This one intrigues me, because Warren Buffett seems to be “bargain hunting” right now, while looking like he is a “savior” for a lot of companies. He has “given” GE $3B to help them with their cash flow issues. Evidently Mr. Buffett stated:

“I have been a friend and admirer of GE and its leaders for decades. They have strong global brands and businesses with which I am quite familiar. I am confident that GE will continue to be successful in the years to come.”

He has put his money where his mouth is, because for this cash infusion Mr. Buffett receives a large amount of GE common shares. Mr. Buffett will be coming out of this whole mess (in my opinion) with a lot more money in his pockets.

If Mr. Buffett wishes to give me a ca$h infusion, he is more than welcome. 

Do Not Call the DNCL

I read stories about how the “No Call” registry to stop tele-marketers crashed, but I had no problem, but don’t call them, go to the web site instead at No Call Registry . Evidently I have 31 days to wait for the calls to stop, which should be good (I registered my cell phone as well), however, my guess is the folks who call from 000-000-0000 will continue to call, and if I ever find out who it is, I will report them to the CRTC for having an illegal phone number.

Why is TD Diluting My Shares?

TD is evidently going to be selling $5Bn of “mixed shelf” securities (i.e. shares, class A first preferred shares, warrants to purchase preferred securities and debt securities), this money will be going into their general fund and will be used throughout the company. More Class A shares means dilution of my shares value, by adding more to the pool, not sure I like this idea, but the statement was unclear as to how many Class A shares might be sold, so we shall have to wait and see.