thanks for the insight into the potential counter parties. by the way I have not been on the buffett bandwagon since he put down short term traders. ( i realized then he was an insincere bastard- as if he is not a trader.) remember he is the a jerkoff who makes socialist statments under the guise of caring about the working class - all the while he owns 10% of moodys - which was certifying toxic assets as investment grade - which allowed wall street to ransack working class peoples pensions funds directly and tax dollars - indirectly. Until I learn otherwise I believe he is just like any other successful crooked guy.
That is the point. Buffett is the President's most-listened-to adviser. Buffett takes the loss out of the puts HIMSELF, by advising the President to enact the stimulus, and other measures, TO SUPPORT THE STOCK MARKET. You can have a subsidy from all our nations other citizens if you go long stocks.
I for one am not praising him, I just think he is making the best of his billion dollar position. Selling puts with 20 year expiration, buying warrants with 10% dividend GS, etc... those deals we can only dream of, I think if you are Buffet, you can 'cheat' all you want! That's not dumb praise but rather an interesting insight to me.