Infinite Unknown

Aug. 22 (Bloomberg) — Fannie Mae and Freddie Mac, the two largest mortgage finance companies, “don’t have any net worth,” billionaire investor Warren Buffett said.

“The game is over” as independent companies said Buffett, the 77-year-old chairman of Berkshire Hathaway Inc., in an interview on CNBC today. “They were able to borrow without any of the normal restraints. They had a blank check from the federal government.”

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Tags: Alan Greenspan, bailout, Bank, bank failure, Bear Stearns, Bill Gates, China, Economy, Fannie Mae, Fed, Federal Reserve, Franklin Delano Roosevelt, Freddie Mac, Government, Henry Paulson, Inflation, JPMorgan, mortgage crisis, Mortgages, Treasury, U.S., Warren Buffet

SEOUL, South Korea (AP) - Microsoft Chairman Bill Gates said there will be a vast shift in Internet technology over the next decade as he met Tuesday with South Korean President Lee Myung-bak.”We’re approaching the second decade of (the) digital age,” the software mogul and philanthropist told Lee at the start of their meeting at the presidential Blue House, according to a media pool report.

“The Internet has been operating now for 10 years,” Gates said. “The second 10 years will be very different.” Continue reading »

Tags: Bill Gates, Internet, Microsoft