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Buffett too big to fail?

Discussion in 'Political Discussion' started by patsfan13, Aug 26, 2011.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Well perhaps an answer as to why Buffett has been busy carrying water for Obama.

    First is the fundraiser he is hosting to fill Barry's coffers:

    Buffett’s Obama pigout - NYPOST.com


    Then there is the recent investment Buffett has made in the struggling BoA:

    Buffett's Capital Never Comes Cheaply As BofA Knows - Forbes

    American taxpayers covering your risk...priceless, although not to taxpayers
    Alfidi Capital Blog: Buffett Expects Bank Of America Bailout



    Ain't crony capitalism great........ looks like Obama is a cheap date.
  2. chicowalker

    chicowalker On the Roster

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    I wonder if you feel the same way about any Republicans and their crony capitalism...
  3. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    I am sure I do that is why I want a flat tax and lower government spending with less money handed out by the government and pols.

    Speaking of which another sweetheart from politicans to their donors:

    A Huge Housing Bargain -- but Not for You - TheStreet


    So we bail out the bad mortgages that the feds pressured banks to make, this tank the house market, Freddie and Frannie get hundred of billions from the taxpayers while their execs get Golden parachutes, now the assets are sold for pennies on the dollars.....

    sweet for the politically connected.
  4. chicowalker

    chicowalker On the Roster

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    But do you also want subsidies eliminated, even in the absence or substantial tax or spending reform?

    Or do you only care when it's the left?

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