"Boom-boom" Clayman?
Posted on 03/03/2011 11:08:13 AM PST by FromLori
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.
(Excerpt) Read more at market-ticker.org ...
Oracle is Obama supporter.
Finally, somebody calling Buffett on being a complete criminal scumbag.
He owned 20% of Moody’s when it was laundering DDD class mortgage debt into AAA rated Mortgage Backed Bonds.
That meant that your pension system could then buy bonds that no sane person would own.
Just to put 20% ownership in perspective, 5 to 7% is considered positive controlling interest in a company. 20% means he knew what was happening, and any protestations to the contrary means that the Great Man is nothing more than a feeble financial idiot, which he’s not.
Moody’s, plus government acquiescence, caused the mess. It was fraud, plain and simple, and Buffett should be rooming with an aids-infested body builder at the Q near San Francisco.
Instead of being the toast of CNBC’s Squawk Box crew who worships him, he ought to be Bernie Madoff’s roommate. Guess Bernie didn’t support Obama’s campaign like Buffett did.
My biggest problem with him is how he's always wanted others to pay more in capital gains taxes while his insurance companies are exempt from paying them.
Warren Buffett: Read My Lips, Raise My Taxes
4 People(orgs) that are sacrosinct(sp?) in Nebraska:
1. Tom Osborne
2. Warren Buffet
3. Bob Devaney
4. The ‘Huskers
ROTFLMAO!!!!
Try this one on for size and read past the first couple sentences and paragraphs:
It’s like a bunch of rich guys running around acting altruistic and claiming the death tax should be reinstated or at higher levels.
What they don’t tell you is their holdings include companies who profit from estate planning, income shelter, etc.
If the government has no death tax it is a direct competition to the insurance companies, law firms, Wall Street, etc.
Without the death tax there is no need for their services and such stringent estate planning.
Here is an excellent video explaining Warren Buffet and Berkshire-Hathaway. Get a cup of coffee and watch it. You will see the scheme explained and then you will get it.
Also note what companies he has acquired, how and why:
Why This Superrich Guy Likes High Taxes
http://www.xtranormal.com/watch/8035391/
Warren Buffett Benefited From Death Tax
http://www.humanevents.com/article.php?id=15951
Wanna know why Buffet pushed for TARP bailout?
Suffice it to say Berkshire owned stock in some largest receipents of TARP valued at $13 billion around that time.
Here is the funny part:
Buffett increased his bank holdings in September, while he was arguing in the media that Congress should approve the bailout to prevent the collapse of the global financial system.
TARP was approved in October of that year, just one month later!
It’s good to be king!
He actually said “if he didn’t think the government was going to act(in a way that would positive and accretive to hihis holding) he wouldn’t have been doing anything that week”. (paraphrased)
For more read here:
http://www.mcclatchydc.com/2009/04/05/65496/buffett-champion-of-bailout-is.html
BofA in April 2009 was around $4 per share and is now trading at $13.80 per share as of 3/02/2001
Wells Fargo in April of 2009 was around $11 per share and is now trading at around $31 per share.
How about US Bancorp trading at around $14 per share in April 2009 and now trading at about $26 per share.
Goldman Sachs Group trading at some $51 dollars per share has now zoomed to above $160 per share.
How about those poor folks at American Express trading at just above $10 per share in 2009 and now they are trading at about $45 per share?
Bottom line: We, the schmuck taxpayer, paid to enhance the holdings of companies like Berkshire and investors in Berkshire.
Excellent information thank you.
Somebody should tell that ditzy redhead on the Fox Business channel. She fawns all over Buffet and other liberal business tycoons. I tend to scream at the TV when she is doing one of her puff piece interviews.
I was thinking that same thing today as I watched.
I generally tune in to look for cleavage, and then shut it down.
It’s too bad, because it’s one question:
“Warren, when you had 20 percent of Moody’s, you had analysts there recommending the right ratings on some of these horrible mortgage backed bonds, but they’d always come back down with an AAA ratings. Obviously, the analysts there saw something they didn’t like, but the rating came out AAA every time anyway.
What’s up with that? Ever since we passed Sarbanes-Oxley, “I don’t know” isn’t an acceptible response, so come on, out with it, yeah?”
"Boom-boom" Clayman?
Yes! That’s the one. How did she get on the Fox Business Channel, or should I ask? She always says the dumbest things, and I can’t stand the way she fawned over some of the liberal people at Davos and never asked one tough question. She seems to be a big fan of green energy and government subsidies.
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