Grenville

Thanks! I didn't see the article about merging it with Heinz. It will be interesting to see the deal structure.

"Fiat Chrysler CEO Says Combination With GM, Ford ‘Feasible’" http://www.bloomberg.com/news/articles/2015-03-12/fiat-chrysler-ceo-says-combination-with-gm-ford-feasible-

Thanks for the heads up!

"BofA's $8.5 billion mortgage bond settlement wins approval" http://finance.yahoo.com/news/bofas-8-5-billion-mortgage-180808241.html

wow. I haven't seen Buffett rail on a guy like that….

Q4 Media Call recording and transcript: http://www.fanniemae.com/portal/about-us/media/commentary/022015-mayopoulos.html

+1 Awesome!

I think the below answers some questions: http://www.bloomberg.com/news/articles/2015-02-20/watsa-s-fairfax-sells-shares-for-brit-deal-to-guard-credit-grade

Good catch. Apparently they had a media call last quarter and based on your above they had another one today. I haven't been able to find a link on the website. Here is the one from Q3. There is a .mp3 link and the transcript: http://www.fanniemae.com/portal/about-us/media/commentary/110614-mayopoulos.html

~4bln position last qtr. That's a large stake sale. Surprised CNBC isn't all over this.

Nice article. I like the detail around the privilege logs. Also they point to the document Doughishere found that has the 153.3bln figure.

Interesting. Thanks for posting!

Awesome! Thanks for posting the location and details.

Thanks for that. I haven't been able to find the 191.2bln number in the Budget main document. I did find this in the Appendix link from here: http://www.whitehouse.gov/omb/budget If you download the Dept. of Treasury Report, they expect 23.3bln and 19.8bln in 2015 and 2016 from "Proceeds, GSE Equity Related Transactions: Enacted/requested" http://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/tre.pdf

Thanks for posting!

Nice article by Matt Levine. Thanks!

I like this type of opportunistic investing by JEF than trying to grow the asset management business. Just me….

To be fair, the discussion on this thread is about Bank of America and all its equity instruments: Leaps, common, warrants, conv. pref...

Haha the audio cut out right when the guy asked him to pronounce his last name... now we'll never know :) We do know here : Thanks for the video on the correct way to pronounce his name. It's funny that FCA's own IR team pronounce it differently. Just listen to the start of any of their earning calls.

I definitely agree that you should get to the bottom of what happened. I'm a bit paranoid with all this stuff and with computerized trading, a small error can cause a whole firm to go under. Hopefully that will never be the case, but better to be cautious.

Great stuff! Can't wait to hear both of their views on BRK in the next 50 years. Thanks for posting.

hmm…. http://www.fcagroup.com/en-US/media_center/fca_press_release/FiatDocuments/2014/december/FCA_prices_offering_of_common_shares_and_offering_of_mandatory_convertible_securities.pdf I'm a bit disappointed at the share sale @ $11/share and the converts at a range from $11 to 13/share given where the common has been trading the last month, the solid November numbers and the Ferrari IPO. Any positive spin to this?

Happy Thanksgiving guys!!! I'm thankful for the internet…not sure if I'd be here doing what I do and reading the board. I'm thankful for my family's and my health. I appreciate the humor and keeping things light from everyone who posts on the msg board. I'm thankful that the craziness of ebola slowed down and seems more under control. I'm happy it's been a relatively calm year from my perspective. Thanks for starting the thread, enjoy reading everyone's posts.

There is a press release on Fairfax's website regarding Fairfax India. Also the prospectus for the new entity is on Sedar. Looks interesting!

In the old LUK days, I would say that could be a real possibility, but the current team has telegraphed that they wouldn't do anything above a certain % of book (~20%, from what I remember). They stated some rules/metrics when they took over from Steinberg & Cumming.