[Lazlo in PA]

Looks like Obummers biggest cheer leader is running a crooked game.

David Sokol

[4rcane]

um, does that constitute insider trading? Buying a stock that don’t belong to you and trying to convince others to buy the same stock

[mewykwistmas]

Wow,
now that’s a conflict of interest: buy this company...I own lots of shares. Trust me, it’s a good deal ;)

[nkycincinnatikid]

Buffet is too old school wasp. It’s just the new capitalism. Make Sokol Commerce Sec.

[GadareneDemoniac]

I’ve never understood the fascination with Buffet and Berkshire Hathaway. It’s basically a type of mutual fund in that they constantly buy companies — but they don’t pay a dividend to the investors. Where’s the cash that the acquisitions throw off? If the parent company owns above a certain percentage of a subsidiary, the dividends back to the parent are taxed at a low rate, or not at all. So — where’s the cash?

Anybody who thinks Buffet is “all that” needs to read Benjamin Graham. When I taught college classes, I recommended that all students study two books: the Holy Bible and the Intelligent Investor.

[dervish]

This is classic insider trading.

[Friendofgeorge]

Warren in handcuffs, I like it.

[devolve]

.

There is a lot more insider info leaked and/or “taken advantage of” by employees than you could ever believe -

One - back several years involved US Surgical stocks - check it out - I knew what was going on well in advance

As for Judges, Justices, and those ‘overseeing’ agency things -

It is not as if they would bend/break the law for financial gains

It is only how much their price is - and how secure and free they remain

This include SCOTUS - I also consider obvious corrupt political bias in decisions to be a bribe or payoff too - Our latest two Justices appointed by Obama and approved by Harry Reid’s US Senate are perfect examples of prime candidates for impeachment, conviction, and removal from the Supreme Court

I would not be upset for over five minutes by faster and more punitive methods

As for Warren Buffett - he was a huge supporter of 0ponzi and backed his TARP and endless bailout scams

- And Buffett has made a ton from doing so since the US economy and major businesses ‘mysteriously’ and ‘unexpectedly’ got a soreass.....

Never steal anything small - ask Lohan and Rich

.

[mewzilla]

Sokol’s on CNBC right now doing some damage control.

[Wilderness Conservative]

Had a Koch or any conservative done this we would be watching their frog marches on continuous loop play on all the MSMs

[caww]

These guys always look like they could wear a prison suit very well. ....or thugs from the mafia....called “Investors” I call most of them crooks in sheeps clothing.

[a real Sheila]

I would imagine that insider trading happens CONSTANTLY.
How could it not happen? It is just a matter of WHO gets caught.

Add to that the members of congress who own stock and are in a position to make laws that will affect the value of that stock! Talk about a conflict of interest. No wonder a senator is often willing to spend millions of his or her own money for a job that pays $175K a year (um, in reported income).