Warren Buffett tells CNBC's Becky Quick that Berkshire Hathaway has talked to five big financial firms about buying their tax credits.  Buffett says he can't name any names due to confidentiality agreements, but notes that Berkshire has been buying tax credits since 1990 and will continue to do so in the future.   Read More

If you live in Chicago, you’d better watch your back: The city is offering a reward to informants who turn in businesses cheating on their taxes.   Read More

Sources are telling me that there may be a compromise among Senators Dodd and Lieberman and Senate Finance folks, like Baucus and his staff. Here's how it would work, and again, this is just a source telling me this, not necessarily what will happen:    Read More

The recovery package that we passed later in January, under President Obama, has had positive results says House Speaker Nancy Pelosi in this interview with Maria Bartiromo.   Read More

Why not eliminate the capital-gains tax for everyone and all sectors, including investors and stocks and bonds? Why direct it only to housing? Let’s abolish the capital-gains tax altogether.   Read More

This is how you thrive if President Obama goes back on a campaign promise.   Read More

This week's agreement by Swiss bank UBS to name US account holders is being seen as a watershed, leaving many wealthy Americans scrambling to figure out what to do.    Read More

The House version of a Health Care overhaul bill will not stand up well in the August heat. It makes for scary reading and if the powers that be could have muscled it through it wouldn't be hanging in the wind for all of us to take shots at it. But there it is and it makes for head scratching moments. My friend, Sydney Williams, who writes one of the best investment letters I get to read, passed along some highlights that were extracted by a buddy of his, Peter Fleckenstein.    Read More

That’s just what Congress appears to be saying to the American people with its over the top $500 million for the purchase of eight new airplanes that will shuttle them – senators and representatives - back and forth around the world.    Read More

"But I've said nothing so far. And I can keep it up for as long as it takes And it don't matter who you are If I'm doing my job then its your resolve that breaks Because the hook brings you back" (Blues Traveler; "Hook").    Read More