PARIS, Oct 1 (Reuters) - France could finance its share of a
rescue of Dexia (DEXI.BR:
,
,
,
) (DEXI.PA:
,
,
,
) by borrowing the one billion
euros ($1.42 billion) it will invest in the Franco-Belgian bank,
government spokesman Luc Chatel said on Wednesday.
On Tuesday, France, the Belgian government and other
stakeholders said they would invest a total of 6.4 billion euros
($9.2 billion) in Dexia. The French state said it would invest
one (more...)

A week ago, Buffett invested $5 billion in Wall Street bellwether Goldman Sachs Group Inc. Scores of other companies have unsuccessfully sought his assistance as the banking system has come under stress.
"It's a shocking comment on today's environment that GE and Goldman would need the reputational shots in the arm that Buffett can provide," said Scott Kolbrenner, an investment banker at Houlihan Lokey in Century City. "In any sane environment, (more...)