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Buffett to Congress: Bail out economy or face 'meltdown'
CNN ^

Posted on 09/28/2008 12:14:23 PM PDT by DRey

Isn't this a little like the cat threatening that if the mouse doesn't walk into his mouth he'll be eaten?

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


TOPICS: Local News
KEYWORDS: bailout; buffet; congress; economy; financialcrisis; rescuepackage
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1 posted on 09/28/2008 12:14:27 PM PDT by DRey
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To: DRey

Buffett to Congress: I Just Bought $5 Billion in Paulson’s Goldman-Sachs; You Better Cough Up the Dough


2 posted on 09/28/2008 12:16:30 PM PDT by counterpunch (Jim Jones was a Community Organizer)
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To: DRey

The HEAD RAT is nervous that his early 5 billion dollar bet that this would pass will blow up in his face.


3 posted on 09/28/2008 12:17:07 PM PDT by AmericaUnited
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To: DRey

Buffett is very liberal, but so far he has impressed me as speaking truth about his first art, finance. Maybe his politics has taken first place, but I’m not convinced yet.


4 posted on 09/28/2008 12:17:15 PM PDT by Pearls Before Swine (Is /sarc really necessary?)
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To: DRey

Isn’t he kind of the poster boy for the Wall Street types?


5 posted on 09/28/2008 12:18:23 PM PDT by LiberConservative ("Typical" white guy voting McCain/Palin)
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To: DRey

I really detest this jack*ss Buffet; just never trusted him and now I better understand why.


6 posted on 09/28/2008 12:18:26 PM PDT by CaliforniaCon
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To: DRey

Since he was on CNN, I can’t give him any credibility. He’s full of sh*t.


7 posted on 09/28/2008 12:19:03 PM PDT by FlingWingFlyer (Obama - The Next Josef Stalin.)
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To: AmericaUnited

Bingo


8 posted on 09/28/2008 12:19:19 PM PDT by mylife (The Roar Of the Masses Could be Farts)
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To: Pearls Before Swine
"Maybe his politics has taken first place, but I’m not convinced yet."

I don't think it's his politics, I think it's his pocketbook. He stands to lose 1/3 of his most recent investment, $5 billion, tomorrow, plus who knows how much other he's got invested. He's got plenty of alterior motive in pitching for the bailout.
9 posted on 09/28/2008 12:24:23 PM PDT by DRey
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To: counterpunch

He already earned over $700 million on his investment on Friday.


10 posted on 09/28/2008 12:25:17 PM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: DRey
Buffett to Congress: Bail out economy or face 'meltdown'

Photobucket

11 posted on 09/28/2008 12:25:57 PM PDT by dragonblustar (Once abolish the God, and the government becomes the God - G. K. Chesterton)
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To: DRey

Dear Mr. Buffett,

Screw you.


12 posted on 09/28/2008 12:30:31 PM PDT by Peter W. Kessler (Dirt is for racing... asphalt is for getting there.)
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To: counterpunch
"Buffett to Congress: I Just Bought $5 Billion in Paulson’s Goldman-Sachs; You Better Cough Up the Dough"

Yep, in fact the little twerp admitted that he would not have bought any of the GS preferred stock if the bailout wasn't going to pass.

13 posted on 09/28/2008 12:32:09 PM PDT by Post-Neolithic (Money only makes Communists rich Communists)
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To: DRey

Buffet told Arnie that us Californians don’t pay enough property tax. He wants all taxpayers to pay more for his benefit.


14 posted on 09/28/2008 12:34:28 PM PDT by mefistofelerevised
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To: Pearls Before Swine
I have never, ever thought that he separated the two.

Throughout his entire financial career he has had his finger on the pulse of legislative initiatives that would affect the market - and taken advantage of them. This time he bet a huge stake on the passage of this scam.

15 posted on 09/28/2008 12:35:18 PM PDT by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.)
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To: DRey
Buffett to Congress: Bail out economy or face 'meltdown'

Buffett's threat alone is reason enough not to vote for this.

$20 says our spineless congress blinks.

16 posted on 09/28/2008 12:44:35 PM PDT by E. Cartman (Welcome to The People's Republic of Wall Street.)
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To: DRey

Without question, Buffet bet a lot of money that the economy had hit bottom. Has it? I dunno. But Warren, just because you scream “help” doesn’t mean we have to put our money in your sizeable pockets.


17 posted on 09/28/2008 12:56:19 PM PDT by LS ("Castles made of sand, fall in the sea . . . eventually." (Hendrix))
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To: counterpunch
but we'll get the same tired voices telling us that Buffet is a genius and wonderful and an American hero....

BS

18 posted on 09/28/2008 1:06:51 PM PDT by cherry
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To: DRey

NUTS!


19 posted on 09/28/2008 1:33:46 PM PDT by VRWC For Truth (Palin is sugar on a turd ... No mas Juan "Traitor Rat" McAmnesty)
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To: DRey

Obviously, Buffett is in on the take. As is Paulson.


20 posted on 09/28/2008 1:56:10 PM PDT by Jim Robinson
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