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Buffett's 2010 Letter To Shareholders
| Tyler Durden
Posted on 02/26/2011 9:31:11 AM PST by FromLori
For those who care what the man whose corporate existence is intimately tied to the government's bailout of the financial system, has to say, below we present Buffett's 2010 letter to shareholders.
The only section that is relevant to us, and which continues to demonstrate why Berkshire is a walking moral hazard (contrary to his conedmnation of financial weapons of mass destruction), is the disclosure on derivatives.
(Excerpt) Read more at zerohedge.com ...
TOPICS: Business/Economy; News/Current Events
KEYWORDS: derivatives; economy
Another government welfare queen who is also an obama supporter.
posted on 02/26/2011 9:31:19 AM PST
posted on 02/26/2011 9:32:42 AM PST
I see Buffet in the class as a union leader.
posted on 02/26/2011 10:28:09 AM PST
I see Buffett in the same class as a union leader.
posted on 02/26/2011 10:29:21 AM PST
I never thought of it that way I usually just think of him as a welfare queen but yes thinking of it a union leader is another good one. It ticks me off all those people who donated so heavily to obama are now sitting pretty because of the bail outs.
Buffett cleans up on derivatives bet
posted on 02/26/2011 10:38:25 AM PST
“[conedmnation] of financial weapons of mass destruction”
We know why they worry about us clinging to our bibles and guns when they are the ones setting off the nukes that will destroy the country.
It’s never a bet when you control the odds.
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