Berkshire Hathaway's Warren Buffett is pictured in the audience as U.S. President Barack Obama addresses the 2010 Fortune Most Powerful Women Summit in Washington, October 5, 2010. REUTERS/Jason Reed
Must be the outstanding job Moody’s has done this past decade.
earlier today
Warren Buffett praises bailout efforts: report
http://news.yahoo.com/s/nm/us_buffett_letter
BANGALORE (Reuters) – Warren Buffett praised the U.S. government’s efforts to bail out the economy during the financial crisis two years ago, preventing an economic collapse.
In a letter published by the New York Times, Buffett wrote that all corporate America’s dominoes were lined up and were ready to topple at lightning speed in the aftermath of Lehman Brothers bankruptcy in September 2008.
:-}
A great businessman and a lover of federal handouts that go to Warren Edward Buffett.
Medal of Freedom payback for Buffett’s endorsement of ending tax cuts for the “wealthy”?
Berkshire Hathaway's Warren Buffett is pictured in the audience as U.S. President Barack Obama addresses the 2010 Fortune Most Powerful Women Summit in Washington, October 5, 2010. REUTERS/Jason Reed
Warren Buffett (left) and Bill Gates celebrate the nationwide launch of Chinese electric vehicle BYD M6 in Beijing last month. Chinese authorities have agreed to promote electric cars to address the country's intensifying energy and pollution concerns, as auto sales surge, an official says. (AFP/File/Frederic J. Brown)
Waiting for the headline:
“Obama Awards Self With Medal Of Freedom”.
“.....Buffet, one of the world’s most successful investors who has donated a vast chunk of his multibillion dollar fortune to charity”
...I thought that was to happen when he dies...I’m pretty ssure that the stuff that he’s done while he’s alive has gone to world population control efforts....I’d like to know the American charities he supports.
$5 Billion profit on Buffett’s highly-publicized investment in Goldman Sachs, after he knew the Gov’t was going to bail them all out anyway, should be reward enough
Crook.
He owned 20 percent of Moody’s when it was laundering BBB rated mortgage bonds into AAA rated asset backed securities.
They were using average FICO scores to rate the mortgages. Problem was they were using thin-file scores to fix the scores. Thus a $14,000 a year strawberry picker could have a FICO score of 650. Since he had no debt, and never been delinquent, there was no file.
Buffett made money off the fees Moody’s was taking for the laundering, and then made money off of Goldman for their bridge loan.
He’s a kindly, lying, asshole. Were he Japanese, he’d have had a sword in his belly for causing the downfall of the modern capitalist system.
Moody’s, S&P, and Fitch was the cog in the system that failed the market. Goldman? They are the crooks - plain and simple. There shouldn’t be a Goldman Sachs today.
Dear Uncle (Sam) Sucker (the facts on Warren Buffett’s Op-Ed in NYT)
http://www.freerepublic.com/focus/bloggers/2628631/posts?page=1
NY Daily News is reporting that Dubya is one of the 15.
NBA Hall of Famer Bill Russell, St. Louis (baseball) Hall of Famer Stan Musial, cellist Yo-Yo Ma, German Chancellor Angela Merkel and Wall Street wizard Warren Buffett top the list of scholars, athletes, artists, achievers and do-gooders who will be presented the award at a White House ceremony early next year.
“These outstanding honorees come from a broad range of backgrounds and they’ve excelled in a broad range of fields, but all of them have lived extraordinary lives that have inspired us, enriched our culture, and made our country and our world a better place. I look forward to awarding them this honor,” Obama said.
The rest of the list includes civil rights activist Rep. John Lewis (D-Ga.), environmentalist John H. Adams, poet Maya Angelou, Holocaust survivor Gerda Weissmann Klein, optometrist murdered by the Taliban Dr. Tom Little, civil rights activist Sylvia Mendez, disabled rights advocate Ambassador Jean Kennedy Smith and former AFL-CIO President John J. Sweeney.