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Video of comments, see Santelli comments around time index 2.25 Spend less. Santelli even openly disagrees with uber insider buffet.

According to a report from Marketwatch, At Berkshire Hathaway’s annual meeting in Omaha, Chairman Warren Buffett raised more than a few eyebrows when he said that, “The United States is not going to have a debt crisis as long as we keep issuing our debts in our own currency. The only thing we have to worry about is the printing press and inflation.” He took some heat for that statement. I think it is a bit odd to contend that we don’t already have a debt crisis. If we don't have a DEBT crisis, then we certainly have a CURRENCY...

Say much less simple compliance with the law:CORPUS CHRISTI — A final judgment has been issued against one of the nation's largest mobile homebuilders related to a jury trial last year that found the company liable for civil racketeering and fraud in a South Texas case.

In the 1980s the Communist governments in Eastern Europe began to realize that they were losing power. The Communist grip on the minds of the people was loosening. The Communist public schools were failing to produce young people loyal to the Party and to the Marxist ideology. The populations in Eastern Europe were increasingly resentful of the dictatorships, and local bureaucrats in many places had trouble imposing their will on the reluctant people. Information about the West was penetrating the borders, and Marxism was considered a joke everywhere. Those more courageous were doing everything they could to run the blockade...

Nothing quite like the billionaire whose entire fortune is invested in the successful perpetuation of the ponzi, thanking the administration for taking trillions of dollars out of the taxpayers' pocket and preserving the broken system for a few more years, just so said billionaire can wax holier than thou on the pages of the administration's newspaper and thank the administration for allowing him to swim in his nickel pool through expiration. If one tries hard enough, one can almost spot a ridiculously hypocritical vicious loop in there somewhere... Below, Warren Buffett thanks YOU for saving his money, via the NYT....

A new just released stunner discloses the unprecedented level of hypocrisy attained by Warren Buffett, for whom apparently accounting rules are swell, except when he actually needs to follow them. Reuters has just announced that the U.S. Securities and Exchange Commission questioned Warren Buffett's Berkshire Hathaway in the second quarter on why it was not writing down large losses on shares in Kraft and US Bancorp, but the company insisted its accounting was right. The issue arises out of $1.86 billion in "unrealized" losses in Kraft and USB, which had a duration of more than 12 months, and should have...

Buffett: I See A Huge Recovery Across All Of Our Businesses Happening Right Now Joe Weisenthal Sep. 13, 2010, 1:57 PM Warren Buffett has never been too pessimistic on the economy, though he's never been one to see consensus on the way up. Throughout 2009, as the media saw more and more green shoots, the word ouf ot Berkshire Hathaway was one of skepticism. This year his tone has mostly been one of caution. And now that the media is obsessed with the double-dip scenario? Bloomberg: “I am a huge bull on this country,” Buffett, Berkshire’s chief executive officer, said...

Billionaire investing mogul Warren Buffett has been secretly backing a campaign to combat the decrease in doctors who are training as abortionists and to bring abortion into mainstream medicine, revealed the New York Times this week. In her NYT magazine cover story, journalist Emily Bazelon describes how abortion “rights” activists are working to “recast doctors, changing them from a weak link of abortion to a strong one.” The piece, entitled “The New Abortion Providers,” claims that abortionists and the pro-abort lobby are trying to dispel the image of the “greedy, butchering ‘abortionist’.” “The bold idea at the heart of this...

“We are the people They couldn’t figure out We are the people Our parents warned us about”I once flew from Chicago to Hartford seated next to someone who services Hammond organs and did so for some big name bands. He mentioned one which happened to be a long time favorite and told me that they occasionally came by the shop in a city outside of Hartford. “Man, I’d love to be there one time and meet them” I said to my neighbor. He just shook his head. I looked at him quizzically for a moment and then I thought I...

Warren Buffet lost $950 million in Goldman Sachs (GSI) options today as the bank's stock tanked as a result of the SEC filing fraud charges against the firm

Billionaire Warren Buffett says health care costs are a major drain on U.S. businesses and act like an "economic tape worm." The head of the holding company Berkshire Hathaway Inc. said Monday on CNBC that America's health care system needs fundamental reform to attack costs because it's not practical to continue devoting roughly 17 percent of the nation's gross domestic product to health care.

Perhaps hearing that CEO Lloyd Blankfein stated that Goldman Sachs' was now doing "God's work", Buffett on Wednesday visited Goldman's headquarters at 85 Broad Street--maybe to make sure the 10% dividend on his muilti-billion preferred share investment was secure. Since never before has earning billions with the help of a massive government bailout been considered "God's work." I have it on good authority that though Buffett was given a tour of Goldman's entire trading floor, he didn't spot a bible in the place. And, although he did speak to the Goldman congregation. These were dubbed "town-hall style meetings."

ust when it looked like the prophecies of Nostradamus may be coming true, a white knight, in the form of Warren Buffett, strode in and saved the day. Buffett’s buy of Burlington Northern (BNI) turned the US equities markets from ugly duckling to suave Prince. The purchase was hailed by the Oracle himself as a “bet on America”. We see it a little bit differently…it is a bet on Asia/China. Burlington Northern System Map The map above (click to enlarge) illustrates the BNSF network. The BNSF system travels through the agricultural heartland, the manufacturing mid-west and the coal rich Powder...

I had lunch last week with Rolfe Winkler, who is an up and comer in the blog world, a thinking man’s Felix Salmon. He is similarly annoyed with St. Warren — but rather than engage in my sophmoric venom spew, he went to the spreadsheet to discover that Buffet owns major stakes in 8 companies that have received more than $100 billion in government bailouts. Capitalist? Hardly. Sounds more like just another crony to me. Rolfe also posts this fabulous chart:

Warren E. Buffett has two cardinal rules of investing. Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. Well, a lot of old rules got trashed when the financial crisis struck — even for the Oracle of Omaha. At 79, Mr. Buffett is coming off the worst year of his long, storied career. On paper, he personally lost an estimated $25 billion in the financial panic of 2008, enough to cost him his title as the world’s richest man. (His friend and sometime bridge partner, Bill Gates, now holds that honor, according to Forbes.) And...

It seems my previous article has garnered a bit of criticism from someone I hold in rather high regard, indicating that perhaps I have been less than clear in my criticism. Let me be clear: There is nothing wrong with making a lot of money, and leveraging your wealth into making even more money! It doesn't surprise me that those with lots of money get "special dispensation" in the form of conversations with Treasury Secretaries and other members of the government. The "little people" - that is you and I - will never get that sort of treatment, simply because...

Who doesn't love the image Warren Buffett projects in the media? The beloved stock-picker, with his mantra "buy smart, sell never", has become an American icon. He preaches the free market, capitalism, smart business practices and running a tight ship. He lives frugally in a modest home, doesn't flash his (extreme) wealth and claims that through hard work and dedication one can succeed in America. And now, Berkshire is set to report what may be the best quarter in his firm's history. The truth is somewhat different. Buffett has repeatedly used his influence to exempt himself from laws that apply...

NEW YORK -- Warren Buffett's Berkshire Hathaway Inc has realized a $1.02 billion paper profit on a 10-month-old investment in BYD Co after shares in the Chinese car and battery maker quintupled. Berkshire's MidAmerican Energy Holdings Co unit had agreed last September 26 to buy 225 million BYD shares at HK$8 each, a transaction then worth about $230 million. The China Securities Regulatory Commission on Thursday granted approval for the transaction, which gives Berkshire a 9.89 percent stake. BYD shares closed Friday at HK$42.90, valuing Berkshire's stake at HK$9.65 billion, or about $1.25 billion. Hong Kong's benchmark Hang Seng index...

In a live interview on CNBC underway now, Warren Buffett says there has been little progress over the past few months in the "economic war" being fought by the country. "We haven't got the economy moving yet."

Although Americans fell asleep at the wheel, they are slowly coming back to their senses, realizing that Wall Street speculations were not under the scrutiny of watchdogs but Madoff-like people. Gerald Celente, a prominent forecaster, believes that a violent Revolution will start soon. He rightfully argues that Americans are not going to accept seeing their taxes raised as they are losing their jobs, homes and retirement savings as they unwittingly fund the merger of state and corporations - which is called fascism. On a more positive note, if the United States is now pointed at as the main culprit of...