Buffett Big Beneficiary Of Bank Bailouts He Pushed

Discussion in 'Politics' started by AAAintheBeltway, Jan 25, 2012.

  1. Well, it turns out that the democrats' favorite capitalist, Warren Buffett, is no slouch when it comes to crony capitalism, and he certainly had a ready partner in the Obama administration. Buffett and Berkshire were huge beneficiaries of TARP bailouts, which he was all over the media advocating at the time.

    Let's hope democrats and the media will be a tiny bit more skeptical the next time the "Oracle" dispenses advice on what's best for us.

  2. Lucrum


    Years ago Buffet bought Flight Safety International and an aviation insurance underwriter. The underwriter drastically increased pilot training requirements. (Which the other underwriters followed.) Forcing more training business to Flight Safety, FAA requirements be damned. End result higher operating costs for aircraft operators, as if owning a plane wasn't expensive enough already.
  3. Max E.

    Max E.

    Also, dont forget about how Buffet is benefitting by Obama killing the Keystone Pipeline.

    it’s already been widely reported that Warren Buffett, a major shareholder in Obama, Inc. will be one of the primary beneficiaries of the decision from the White House to kill the Keystone pipeline and the jobs it would create.

    The administration now makes no attempt at all to disguise the fact that most decisions he makes are made in the best interest of Obama, Inc. shareholders.

    Buffett’s railroad, the BNSF Railway- now a wholly-owned subsidiary of Obama, Inc.- in a remarkable coincidence, will instead, apparently and patriotically, transport Canadian oil to the US at only a slight premium to the oil companies than it would have cost to transport via the Keystone pipeline.

    Ohmygosh. What a fortunate coincidence for all of us. Maybe now Buffett’s secretary will be able to afford the higher tax bracket her jerk-off boss puts her in and she won’t have to decide between her medication and cat food.

    Obama has decided thusly to kill the pipeline even though: 1) Transport costs will be more expensive; and 2) The transport method will introduce more of the dreaded “carbon” into our atmosphere. Remember the thing that activists have been protesting against?

    Net/net environmentalists have just made sure that more “carbon” will kill our planet even more quickly under their theory.

    It’s a win-win-win. Obama and Buffett and Buffett’s secretary all benefit.
  4. jem


    lets not forget that buffet was pretending to care about workers as one of his big holdings moodys was deceiving pension funds with their ratings and his investment banks were using those ratings to steal teachers and secretary's retirements.
  5. pspr


    Buffett Sings For Chinese New Year.

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