When Arnold mentioned that he was considering Buffet as his financial advisor shortly after Arnold was elected, Arnold got deluged with emails from many us telling him to back away.
Buffet is becoming the poster boy for what happens to a company where the CEO is more interested in advancing the lib agenda and hurting GW than running his company properly.
*** Charlie Munger: "The present era has no comparable reference in the past history of capitalism. We have a higher percentage of the intelligensia engaged in buying and selling pieces of paper and promoting trading activity than in any past era. A lot of what I see now reminds me of Sodom and Gomorrah."
We didn't know Charlie was that old.
By KENNETH LOVETT April 11, 2005
ALBANY — State Attorney General Eliot Spitzer has received thousands of dollars in campaign donations from lawyers at a prominent Manhattan law firm hired by AIG — even as the insurance giant is under investigation by Spitzer's office.........Between late November and mid-January, Spitzer received $18,500 from 16 different attorneys from the law firm of Paul, Weiss, Rifkind, Wharton & Garrison, where the attorney general once worked as an associate....The Paul Weiss firm is representing AIG during a joint investigation by Spitzer, the Securities and Exchange Commission, the Justice Department and the state Insurance Department into how AIG conducted business. Meanwhile, Spitzer told ABC's "This Week" yesterday that he believes that billionaire investor Warren Buffett, due to speak with regulators today, could "shed light" on transactions involving AIG's former chief executive.
http://www.nypost.com/news/regionalnews/42561.htm