Warrent Buffet the $40+ billionaire get taxpayers bailout

http://www.ritholtz.com/blog/2009/11/buffetts-bailouts/ ^

[4rcane]

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:

[4rcane]

http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/

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[boycott]

Capitalism obviously didn’t work for that thug.

[dalebert]

why does he get bail out...? this is wrong and they are using our tax dollars for kill our country

[BobbyT]

To be fair, the highlighted column about “Buffett’s stake” really doesn’t mean anything. If you look, all the numbers are roughly 1/4 the Berkshire numbers, because that’s his stake in Berk itself.

[Doogle]

..thats the way it WORKS IN OBAMALAND...people with power and influence,...unions,financial,entertainment,housing,insurance all get the money THEY NEED ..AND IN SOME CASES DON'T NEED....NOT TO HELP THE COUNTRY,BUT TO HELP THE AGENDA. OUR WAR is just a distraction now....it's not a priority with our leaders, whats most important now is the power and strangle hold on our FREEDOMS. THEY will surrender our freedoms when the time is right.

[Swing_Thought]

This phrase, from the comment section, unfortunately nails it:

WB is a master allocator of capital, and right now, the best risk/reward is to invest in companies the US government will not let fail. It’s that simple.

[cherry]

we must start to understand that communism and socialism is merely the organized way for the oligharchy to steal more and more.....

sure....they'll act all saintly like Gates and Buffet in giving away "billions" but what they don't say is that this saves them in taxes......Buffet is always bragging that he pays less than his secretary....

[ScottinVA]

I’d also like to know how much George Soros gets from the taxpayers, too, in addition to the Petrobas payoff.

[ReleaseTheHounds]

True, but also notice that in those numbers, the TARP investment is about equal to or exceeds Warren’s (or Berkshire’s) stake — and guess what: taxpayers aren’t going to get the return that Warren is going to get.