Wall Street Roundup: Warren Buffett’s successor. A Greenspan’s revenge.

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Home prices fall again. After a few months of gains, home prices fell in August, according to a national index.

Two take on Basel. At a conference in New York, the head of the Bank of England said the recent Basel III accords will not be enough to prevent future crises, while the head of Citigroup said the rules are too strict and may exacerbate future crises.

Buffett’s successor. The world is being introduced to an unknown Connecticut hedge fund manager who has been chosen by Warren Buffett as his leading heir apparent.

A Greenspan’s revenge. After being fired by a hedge fund firm, Alan Greenspan’s niece sent out a letter to clients explaining how troubled the company was.

-- Nathaniel Popper in New York