Buffett reaps $10 billion from crisis-era investments

Buffett reaps $10 billion from crisis-era investments

Published: Monday, 7 Oct 2013 | 10:26 AM ET

http://www.cnbc.com/id/101091077

When most panicked during the financial crisis, Warren Buffett invested, reaping more than $10 billion, The Wall Street Journal reported Monday.

Tightening credit markets in 2008 caused six major companies to take about $26 billion in loans from Buffett and his conglomerate Berkshire Hathaway, the Journal said.

These investments began with a deal with candy maker Mars, which just repaid Berkshire for a $4.4 billion loan its subsidiary Wrigley took in 2008, the newspaper said, giving Berkshire $680 million in profits. Berkshire's big crisis-era investments also included Goldman Sachs and Bank of America, the newspaper said.

Berkshire Hathaway Inc.

Berkshire Hathaway Inc. was an investor in Mars acquisition for the Wm. Wrigley Jr. Company.

Note: Mars, Inc. acquired the Wm. Wrigley Jr. Company.

William Wrigley Jr. II was the chairman for the Wm. Wrigley Jr. Company, and is a member of the Commercial Club of Chicago.

Commercial Club of Chicago, Members Directory

http://commercialclubchicago.org/members/e.html

Please note: This link for the members of the Commercial Club of Chicago can no longer be found.

Byron D. Trott is a member of the Commercial Club of Chicago, and a friend of Warren E. Buffett.

Warren E. Buffett is a friend of Byron D. Trott, the chairman & CEO for Berkshire Hathaway Inc., an adviser for the Nuclear Threat Initiative (think tank), and a life trustee at the Urban Institute (think tank), and was a director at the Coca-Cola Company.

Carnegie Endowment for International Peace (think tank) was a funder for the Nuclear Threat Initiative (think tank).

Richard M. Daley is a director at the Coca-Cola Company, a member of the Commercial Club of Chicago, Valerie B. Jarrett was his deputy chief of staff, and Michelle Obama was his staffer.

Valerie B. Jarrett was Mayor Richard M. Daley’s deputy chief of staff, is a member of the Commercial Club of Chicago, the senior adviser for the Barack Obama administration, her great uncle is Vernon E. Jordan Jr., and a friend of Michelle Obama.

Vernon E. Jordan Jr. is Valerie B. Jarrett’s great uncle, a life trustee at the Urban Institute (think tank), an honorary trustee at the Brookings Institution (think tank), a director at the American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference participant (think tank).

Foundation to Promote Open Society was a funder for the Carnegie Endowment for International Peace (think tank), the Urban Institute (think tank), and the Brookings Institution (think tank).

George Soros is the chairman for the Foundation to Promote Open Society.

Cyrus F. Freidheim Jr. is an honorary trustee at the Brookings Institution (think tank), and a member of the Commercial Club of Chicago.

R. Eden Martin is the president of the Commercial Club of Chicago, and counsel at Sidley Austin LLP.

Michelle Obama was a lawyer at Sidley Austin LLP, Mayor Richard M. Daley’s staffer, is a friend of Valerie B. Jarrett, and married to Barack Obama.  

Barack Obama is married to Michelle Obama, and was an intern at Sidley Austin LLP.