(Obama Crony) Buffett's Crisis-Lending Haul Reaches $10 Billion

Wall Street Journal ^ | 10/07/2013 | ANUPREETA DAS

[God luvs America]

Billionaire Warren Buffett tossed lifelines to a handful of blue-chip companies during the financial crisis. Five years later the payoff on those deals is becoming clear: $10 billion and counting.

Mr. Buffett approached that figure after he collected another hefty payment last week, bringing to nearly 40% the pretax income on his crisis-era investments, according to a Wall Street Journal analysis.

[God luvs America]

posted elsewhere from Daily Mail but this gives a better breakdown of how an obama crony, whose companies i believe still owe $1 billion in back taxes, talked out of both sides his mouth and made a ton of money....

[Liberty Wins]

Crony Capitalism.

[ClearCase_guy]

I’m not opposed to anyone making money honestly, and I have no problem with amounts in the billions. If you can make it, then go for it. BUT, for me, the situation changes if political connections become a key factor. With government so much in the mix, it’s hard for me to consider people like this to be honest businessmen. It just looks like looting, loansharking, and sometimes extortion.

[nickcarraway]

What a misnthropic greedy pig.

[Vigilanteman]

. . . bringing to nearly 40% the pretax income on his crisis-era investments . . .

For a crisis which he probably helped cause to elect his buddy to the highest office in the land . . .

[RetiredTexasVet]

In addition to his railroads making a fortune by dangerously hauling that dirty tar sands oil instead of the Keystone Pipeline, which he lobbied and bribed against, it has been now learned that the insurance company which he bought that has responsibility for payment of asbestos cancer claims has now been identified as delaying payments, disapproving payments forcing legal action, and illegal financial activity with the investment income from those funds. He is a big shyster and crook with only less visibility than T Bone Pickens or the other big hustlers.

[windsorknot]

Nice “work” if you can shill for it. Another filthy-rich bastard with George Soros ethics.

[Toddsterpatriot]

How do you figure? He lent to firms at the peak of the crisis.

‘Buy When There’s Blood In The Streets’

[Old Yeller]

How does he figure to spend all that money in hell? It won’t even be enough to buy one ice cube.

[Intolerant in NJ]

That’s how parasites like Soros and Buffett make their money - feeding off the flesh of distressed and dying enterprises - that’s why they’re such ardent supporters of left-wing politicians - they know they destroy economies, not build them......