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Old    Ron T (Laker1234)      Join Date: Mar 2010       11-17-2010, 7:43 PM Reply   
Good to know that the taxpayers' money went to a good cause http://finance.yahoo.com/tech-ticker/warren-buffett-thanks-the-government-for-all-those-bailouts-535622.html?tickers=brk-a,brk-b,wfc,xlf,^dji,^gspc,gs
Old    Ron T (Laker1234)      Join Date: Mar 2010       11-17-2010, 7:45 PM Reply   
My apologies for the misspelling--Buffett
Old    Paul (psudy)      Join Date: Dec 2003       11-18-2010, 7:41 AM Reply   
You posted it. Show me how Buffet profited from government intervention. He was the one pumping 10 of billions in capital into companies. Usually at a 10% return. So I guess you could say he benefited because the economy didn't hit complete meltdown due to the intervention, but I don't buy the spin the article is trying to throw..
Old    GD (diamonddad)      Join Date: Mar 2010       11-18-2010, 10:30 AM Reply   
Wrong. Deficit spending is spending our CHILDREN's money not our money. It's like stealing from a baby.

Last edited by diamonddad; 11-18-2010 at 10:30 AM. Reason: typo
Old    Ron T (Laker1234)      Join Date: Mar 2010       11-18-2010, 12:20 PM Reply   
Does this count as profit http://www.huffingtonpost.com/2010/1...medium=twitter
Old    Jeremy (wake77)      Join Date: Jan 2009       11-18-2010, 12:29 PM Reply   
What exactly are you trying to say Ron? If Buffet was a conservative, would you have even posted this?
Old    Ron T (Laker1234)      Join Date: Mar 2010       11-18-2010, 12:38 PM Reply   
It all depends if he had prior knowledge of the bailout http://www.examiner.com/finance-exam...66e04c1860%2C0
Old    Paul (psudy)      Join Date: Dec 2003       11-18-2010, 12:53 PM Reply   
Don't believe everything you read from some douchbag at the examiner. Buffet pumped 10B of his own money into GS to try and keep it afloat. When this transpired, TARP was already being talked about, but it was not clear how it would be rolled out.
Old    Ron T (Laker1234)      Join Date: Mar 2010       11-18-2010, 1:28 PM Reply   
Fair enough http://www.chron.com/disp/story.mpl/front/6358451.html
Old    Jeremy (wake77)      Join Date: Jan 2009       11-18-2010, 5:11 PM Reply   
Was Buffett not a multi-billionaire before all of this transpired? The guy knows what he is doing when it comes to investments, but since he is not a conservative then he draws the criticism. If he was some Joe Schmo before TARP then call foul, but do you honestly think that TARP (which was implemented under Bush) was approved to make Buffett more money?
Old    Ron T (Laker1234)      Join Date: Mar 2010       11-19-2010, 6:29 AM Reply   
Yes, he is rich, so are the majority of Congress. No, it's ridiculous to think TARP was created to make Buffet money. However, I am happy to read that he appreciates the opportunity to have been a part of such a fair distribution of money among businesses and states.
Old    Stanfield (stanfield)      Join Date: Mar 2004       11-19-2010, 11:20 AM Reply   
To try and paint Warren Buffet as some greedy slimeball with the likes of politicians is just assinine. I'm honestly wondering if you're even serious with this thread? Do you know how much good that guy does for the world? He doesn't care about money, hell, he gives it all away to charity and will do so with like 99% of his total worth when he kicks it. The freakin guy lives in Nebraska of all places, and voluntarily at that.
Old    Ron T (Laker1234)      Join Date: Mar 2010       11-19-2010, 11:40 AM Reply   
I'm just answering questions. To me, the bailout money and stimulus monies were earmaked and a letter of this nature was just like rubbing "salt in a cut."
Old    Someone Else (deltahoosier)      Join Date: Jun 2002       11-19-2010, 12:40 PM Reply   
I thought only republicans were rich anyway?
Old    Paul (psudy)      Join Date: Dec 2003       11-19-2010, 12:43 PM Reply   
I think the letter was just saying thanks for not letting complete disaster happen. Buffet makes money in his sleep.

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