Uncle Warren has never been accused of being stupid. He goes in and buys the stock when it is cheap, the stock goes up and he makes a cool $3bil. This bank received billions in TARP funds and still was tanking and laying off 10,000 employees. Now, with the infusion of Uncle Warren’s money, they can start hiring again and receiving tax credits for “creating” jobs. Pretty good scam if I do say so.
And just to add to Longtime’s brilliant analysis, a 6% virtually guaranteed rate of return is not bad either. (although Slim was able to get 14% from NYT)
Mr. Buffet is the master of profits.
Yes, I am jealous.
You have to have money to make money and Uncle Warren has plenty of it. I am still puzzled by his love affair with the Pretender in Chief and wanting the rich to pay more taxes. If he feels so guilty about making money, why doesn’t he just cut a check for a few billion and send it in instead of hosting fund raisers for the greatest fraud in history.
Two words:
“Liberal Guilt”
A liberal has feelings of guilt,
but not so much so that they would give away their own money,
when it is much easier to give away OPM(other peoples money).
Everytime I hear some Hollywood type or other rich liberal type say they should be paying more taxes and then not volunteering to pay, it is nauseating. These people have more tax loopholes than you can shake a stick at. John Kerry dodged paying taxes in Massachusetts on his yacht by berthing it in Rhode Island. His brain has been pickled by his wife. These people are elitist Progressives who want to rule the working class, keep the society dumbed down so they can retain their power. Their days are numbered.
Funny how Jeffrey Immelt the Jobs Csar moves jobs over to China, While Buffet bails out another bank for Obama, but in the end will make a tremendous amount of money. My point is they are all hypocrits and wolfes in sheeps clothing. Leave these liberal billionaires around money and they will take it. How about a real patriot who does the right thing, just because its the right thing. Buffet will just take over BOA just like Goldman Sachs, Etc.
It is all about making money Sarah. Buy the stock when it is low and when it rises, Uncle Warren makes a cool $3Bil on paper. The only thing he has to worry about is that BOA will tank again. But wait, they already laid off 10,000 workers so that will make their bottom line better. These guys all know how to game the system. No wonder Buffet wants Obama to get re-elected.
Uncle Warren has never been accused of being stupid. He goes in and buys the stock when it is cheap, the stock goes up and he makes a cool $3bil. This bank received billions in TARP funds and still was tanking and laying off 10,000 employees. Now, with the infusion of Uncle Warren’s money, they can start hiring again and receiving tax credits for “creating” jobs. Pretty good scam if I do say so.
And just to add to Longtime’s brilliant analysis, a 6% virtually guaranteed rate of return is not bad either. (although Slim was able to get 14% from NYT)
Mr. Buffet is the master of profits.
Yes, I am jealous.
You have to have money to make money and Uncle Warren has plenty of it. I am still puzzled by his love affair with the Pretender in Chief and wanting the rich to pay more taxes. If he feels so guilty about making money, why doesn’t he just cut a check for a few billion and send it in instead of hosting fund raisers for the greatest fraud in history.
Two words:
“Liberal Guilt”
A liberal has feelings of guilt,
but not so much so that they would give away their own money,
when it is much easier to give away OPM(other peoples money).
Everytime I hear some Hollywood type or other rich liberal type say they should be paying more taxes and then not volunteering to pay, it is nauseating. These people have more tax loopholes than you can shake a stick at. John Kerry dodged paying taxes in Massachusetts on his yacht by berthing it in Rhode Island. His brain has been pickled by his wife. These people are elitist Progressives who want to rule the working class, keep the society dumbed down so they can retain their power. Their days are numbered.
Funny how Jeffrey Immelt the Jobs Csar moves jobs over to China, While Buffet bails out another bank for Obama, but in the end will make a tremendous amount of money. My point is they are all hypocrits and wolfes in sheeps clothing. Leave these liberal billionaires around money and they will take it. How about a real patriot who does the right thing, just because its the right thing. Buffet will just take over BOA just like Goldman Sachs, Etc.
It is all about making money Sarah. Buy the stock when it is low and when it rises, Uncle Warren makes a cool $3Bil on paper. The only thing he has to worry about is that BOA will tank again. But wait, they already laid off 10,000 workers so that will make their bottom line better. These guys all know how to game the system. No wonder Buffet wants Obama to get re-elected.