fool.com— After investing $5 Billion in Goldman Sachs stock, Warren Buffet is now publicly defending the bailout package. Conflict of interest anyone?
Sep 28, 2008View in Crawl 4
While I don't agree with the tone of the article or the judgment that most people are passing here on Buffett being greedy, if he is going to make his comments about the economy and what should be done public, we have every right to analyze those in context. Since he's made investments in goldman sachs and then made this announcement some people want to vilify him, which again I think is the wrong conclusion, but people are in every right to question his motives especially if he's going to make all this public knowledge. Some people like you just wrap the privacy bubble around everything about a person's life when in lots of circumstances this bubble shouldn't (and doesn't) apply. This is one of those times.
The government IS trying to screw us. They don't want to help us? Why would they care about the American people? Do YOU honestly care about the American people? I really don't care about the public in general, I have too many other things to worry/care about. So why would THEY care about us?
Why The American Business System Is Collapsing, <a class="user" href="http://www.broowaha.com/article.php?id=3431">http://www.broowaha.com/article.php?id=3431</a>In the June 27, 2006, New York Times C4, they wrote about Warren Buffet giving away his 31 Billion Dollar fortune to the Bill and Melinda Gates Foundation for charitable dispersion. Buffet was scathing in his attack on George W. Bush’s attempts to abolish estate taxes the Republican had carefully named the certain to be inflammatory “The Death Tax.” In response to why he was not simply passing the money on to his children, Buffet insisted that the preservation of “dynastic wealth” is offensive to the American tradition of meritocracy. Buffet went on to say that he became particularly upset at members of his country club who complain about welfare mothers getting food stamps “while they are attempting to leave their children a more-than-lifetime-supply of food stamps and are substituting a trust officer for a welfare officer. Is there anyone I forgot to insult?” Warren Buffet is now publicly defending the bailout package. Conflict of interest anyone? Yes!!! By doing so Buffet further insults us average joe and jill citizens El G
If you read his shareholder letters, Warren has been supportive of Goldman Sachs for decades now, often using their consultants to handle acquisitions and mergers, and often praising the company in general. He has been supportive of them for a long time before he bought 5 Billion in the company, which he did during the recent recession as a token of good faith in the company. This only shows his continued support dating back decades, and doesn't seem to me a money-driven selfish claim due to his recent purchase. Also, Goldman is a very small part of his $200 Billion Corporation, and investing 5 Billion in the overall stock market in Sept 08 would've shown similar results as in Goldman as the entire market's gone up a lot since then.
hinchbSep 29, 2008
While I don't agree with the tone of the article or the judgment that most people are passing here on Buffett being greedy, if he is going to make his comments about the economy and what should be done public, we have every right to analyze those in context. Since he's made investments in goldman sachs and then made this announcement some people want to vilify him, which again I think is the wrong conclusion, but people are in every right to question his motives especially if he's going to make all this public knowledge. Some people like you just wrap the privacy bubble around everything about a person's life when in lots of circumstances this bubble shouldn't (and doesn't) apply. This is one of those times.
taseedorfSep 29, 2008
The government IS trying to screw us. They don't want to help us? Why would they care about the American people? Do YOU honestly care about the American people? I really don't care about the public in general, I have too many other things to worry/care about. So why would THEY care about us?
Closed AccountSep 29, 2008
Nope. on Digg, if you are rich you are evil.Everyone on here is a Ron Paul worshiping genius. Haven't you heard?
thealsirSep 30, 2008
Love the icon of the submitter.
elgstrDec 23, 2008
Why The American Business System Is Collapsing, <a class="user" href="http://www.broowaha.com/article.php?id=3431">http://www.broowaha.com/article.php?id=3431</a>In the June 27, 2006, New York Times C4, they wrote about Warren Buffet giving away his 31 Billion Dollar fortune to the Bill and Melinda Gates Foundation for charitable dispersion. Buffet was scathing in his attack on George W. Bush’s attempts to abolish estate taxes the Republican had carefully named the certain to be inflammatory “The Death Tax.” In response to why he was not simply passing the money on to his children, Buffet insisted that the preservation of “dynastic wealth” is offensive to the American tradition of meritocracy. Buffet went on to say that he became particularly upset at members of his country club who complain about welfare mothers getting food stamps “while they are attempting to leave their children a more-than-lifetime-supply of food stamps and are substituting a trust officer for a welfare officer. Is there anyone I forgot to insult?” Warren Buffet is now publicly defending the bailout package. Conflict of interest anyone? Yes!!! By doing so Buffet further insults us average joe and jill citizens El G
ferret15May 4, 2010
If you read his shareholder letters, Warren has been supportive of Goldman Sachs for decades now, often using their consultants to handle acquisitions and mergers, and often praising the company in general. He has been supportive of them for a long time before he bought 5 Billion in the company, which he did during the recent recession as a token of good faith in the company. This only shows his continued support dating back decades, and doesn't seem to me a money-driven selfish claim due to his recent purchase. Also, Goldman is a very small part of his $200 Billion Corporation, and investing 5 Billion in the overall stock market in Sept 08 would've shown similar results as in Goldman as the entire market's gone up a lot since then.