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 ...
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!!
I’m gusssing I should buy stock in Wells-Fargo?????
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.
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.
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”!
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?
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.)
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.
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.
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.....
Great ad idea! It could be titled,”Elites!”
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.