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Warren Buffett buys more Wells Fargo stock on a dip [Hillary supporter is its largest stockholder!]
Market Watch ^ | 3.29.2016

Posted on 09/20/2016 11:29:45 AM PDT by SoFloFreeper

Warren Buffett showed that the selloff in Wells Fargo & Co.’s stock this year has just made him love the banking giant even more, as he boosted his stake in the company to 504.3 million shares, according to regulatory filings.

Buffett’s investment vehicle Berkshire Hathaway Inc. BRK.B, +0.01% now owns 10% of Wells Fargo’s common stock outstanding, making him by far the largest shareholder. That is up from 479.7 million shares, or a 9.45% stake, as of Dec. 31, filings show.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: banking; buffett; clinton; crooks; finance; greed; money; wellsfargo; wellsfargostock
Buffett’s investment...now owns 10% of Wells Fargo’s common stock outstanding, making him by far the largest shareholder.

If Donald Trump's most prominent billionaire supporter were the largest shareholder at Wells Fargo--the bank being accused of fraud--you can damn well bet the media would be covering it!!

1 posted on 09/20/2016 11:29:45 AM PDT by SoFloFreeper
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To: SoFloFreeper

I’m gusssing I should buy stock in Wells-Fargo?????


2 posted on 09/20/2016 11:30:41 AM PDT by mainestategop (Don’t Let Freedom Slip Away! After America , There is No Place to Go)
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To: SoFloFreeper

Ahhhh, It’s nice to have friends in high places.. who can shiver timbers.. and shakedown customers without even letting them know they been had.


3 posted on 09/20/2016 11:31:30 AM PDT by NormsRevenge (Semper Fi - Monthly Donors Rock!!!)
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To: SoFloFreeper

Banking in the United States has become little more than an organized criminal syndicate actively and passively supported by the power brokers in both political parties.


4 posted on 09/20/2016 11:32:27 AM PDT by NRx (A man of integrity passes his father's civilization to his son, without selling it off to strangers.)
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To: NormsRevenge

yep...and you can imagine the media outrage that would be being thrown at DJT if Buffett were one of HIS supporters!

“Trump’s Billionaire Friends Tied to Dirty Bank”!


5 posted on 09/20/2016 11:32:42 AM PDT by SoFloFreeper
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To: NRx

In this case, it is the billionaire pal of Hillary’s making hay while the media is reporting every move that Trump’s charitable foundation makes.

Got double standard?


6 posted on 09/20/2016 11:33:54 AM PDT by SoFloFreeper
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To: SoFloFreeper

They signed me up for an account I didn’t ask for, but I don’t know if it was part of the system-wide problem.

(They were good about reversing it when I discovered it.)


7 posted on 09/20/2016 11:46:52 AM PDT by MUDDOG
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To: SoFloFreeper

Buffet is limited to 10%. The only reason he did not have 10% before was that they created new shares for employees. Now he has added a small amount to go back up to 10%.

But get this right, Wells Fargo like Moody’s and Coke is untouchable because Buffet owns it. The Washington Post always looked beyond anything Buffet or his companies did. They continue the grandfather image which allows him to be uber rich and not be criticized for it.


8 posted on 09/20/2016 12:26:35 PM PDT by poinq
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To: SoFloFreeper

Gosh, it would be horrible to think that Buffett bought the Federal Government’s legal action against Wells Fargo so the stock price would go down and he could buy the Wells Fargo company at a lower price.

I’m sure his cozy relationship with the 0bama’s and Clinton’s would never cross over into such a sordid buying and selling of influence for billions of dollars.


9 posted on 09/20/2016 1:23:11 PM PDT by Uncle Miltie (This posting is a microaggression.)
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To: SoFloFreeper

Buffett is a predator - he makes his big bucks by buying up distressed assets and waiting for them to recover - that’s why he supports left-wingers - everything they touch turns to sh*t and he gets bargain acquisitions.....


10 posted on 09/20/2016 2:10:03 PM PDT by Intolerant in NJ
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To: SoFloFreeper

Great ad idea! It could be titled,”Elites!”


11 posted on 09/20/2016 3:00:01 PM PDT by cowboyusa
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