Warren Buffett boosts confidents amid the financial crisis

Warren Buffett the world’s richest man has been high end shopping lately, investing $5 billion into Goldman Sachs and on Wednesday pumped $3 billion into GE. The billionaire has been pushing for confidents in companies at critical time in the financial markets, with Buffet bolstering for the Bush $700 billion bailout.

Although Buffett is already facing problems over his $4.7 billion (£2.7 billion) buyout bid for Constellation Energy as EDF the French electricity giant have said that they will consider all options, it’s been rumoured that it will make its own bid for Constellation. EDF have already secured a deal with the board of British Energy to but the UK atomic generator for £12.5 billion.

EFF already own 9.5 percent share in Constellation with the state owning 85 percent; the French group also has a 50:50 joint plan and deal with it to build four new reactors.

Read the full article: Guardian