Osama bin Laden

“I was eating souffle at Rise Restaurant with Laura and two buddies,” Bush said on Wednesday at the SALT Conference in Vegas, when asked what he was doing when he received the call from President Obama. “I excused myself and went home to take the call,” Bush said. “Obama simply said ‘Osama Bin Laden is dead.'” [ABC]

From the mailbag:

“I think I have a solution for the housing problem. All we need to do is hire the people who appraised Bin Laden’s hideout at $1 million. Seriously, it’s an odd shaped lot, with uneven fences, no phone lines or internet connection, crumbling walls, cheap plastic garden furniture, in a country with a per capita GDP of $2,700. Unless the place comes with a cone of silence or room of invisibility, I don’t see how that could be worth $1 million.

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Earlier this morning, Jim Paulsen popped by the Squawk Box set (via phone) for a chat about the death of Osama bin Laden. What does it all mean? According to Paulsen, what the US did told the world, “Hey world, we’ve got balls.” Killing OBL should do more to get the confidence back in the markets that was obliterated during the financial crisis than things like “repairing our balance sheets.” Read more »

Howard Lutnick told The Early Show: “I was afraid at first that maybe he died of cancer, which sort of would have left a big open sore there. But at least we got him.” Read more »

Last Friday, the Federal Reserve gave Goldman Sachs the greenlight to buy back the $5 billion of preferred stock Berkshire Hathaway bought when things got dicey in 2008. Though he knew the day was coming, Buffett was not looking forward to the news, as the terms of the investment were highly favorable for the Oracle of O, netting him more than $15 dollars a second. Over the weekend Buffett confirmed his displeasure and sent a message to Lloyd and Co that if they want their preferred shares back they’re gonna have to find him first, which will prove difficult, as he’s decided to take a page from from Osama bin Laden’s playbook. Read more »