Skip to comments.Goldman defender Buffett may need one
Posted on 05/04/2010 3:28:03 AM PDT by Scanian
W arren Buffett went to great lengths over the weekend to defend the behavior of Goldman Sachs, a company that is under attack from Washington.
But the big question might turn out to be who will defend Buffett?
Not only does the Oracle of Omaha own a large stake in Goldman, which he bought during the financial crisis, he also received at least one phone call from then-Treasury Secretary Hank Paulson in September 2008, during the height of the financial crisis.
According to Paulson's phone log, which The Post received under a Freedom of Information Act request, Buffett got a call from Paulson after the stock market closed on Sept. 18, 2008.
(Excerpt) Read more at nypost.com ...
well Congress lets call this socalist up and ask him why he is getting a heads up.
Buffett has always been one to favor high taxes and Dems now that he made his money (in a low tax environment). I hope they do go after him and take his money. He should be all for it given how much he likes Obama and taxes.
ah... now remember....Uncle Warren is really a down to earth guy that just happens into all these “deals” and sure he rushed in to buy Goldman in the middle of a financial crisis but everyone knows he did it to be patriotic, and he didn’t expect to make billions off of it, and besides, doesn’t Uncle Warren pay practically no taxes because he funds socialistic causes disguised as charities and doesn’t that make him just one big lovable nice guy?
I have always hated buffet... I hope he broke the law and he is destroyed... I absolutely despise the jerk.
I hate to be a stickler but isn’t the idea of someone having control of the market while it is tumbling down a concept which runs counter to the assumed “free markets” we have been led to believe we have?
I work in the markets every day. If something has been touted as being worth $200 and everyone buys it only to find out it’s worth $60, does any controlling authority have the obligation or the responsibility to continue the charade so that the suckers who bought it for $200, can sell it to someone else at a falsely inflated price?
Unless we allow for the steam to come out of the pot, we are just setting ourselves up for a much messier explosion down the road. 2008 was created during the tech bubble. What are we creating with all this intervention for tomorrow?
Our government exists largely to indemnify the politically-connected against the consequences of their decisions.
I agree... I just despise bufffet.
Warren likes to send money to Planned Parenthood.