Saturday, April 30, 2011

40) $38B of cash where is it?

Not banks not money markets, the only thing I feel safe with is UST

CM - I have seen people struggle to earn 10 bps, I think it is stupid,
you don't want to fool around searching for yield with short term
money it is never worth it

WB - company was going to bankrupt, over the weekend, but FTC needed
time so they closed early but they had real cash and made amazing
deals, it can happen at any time, if ben bernanke runs off to south
america with paris hilton or something haha leave that off the
transcribed part, when someone comes to us and says we need a deal
right now

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