Posted on 10/01/2008 10:59:25 AM PDT by RobertoinAL
Has anyone noticed that not only is Warren Buffett is Obama's economic advisor, but he put $5B into buying stuff the other day, and just now I heard that he just bought $3B worth of G.E. Do ya think he has anything to do with the "economic crisis"? He may be buddies with Paulson who is a Dem.
This financial crisis has fingerprints of Obama’s supporters all over it. This is the sort of financial terrorism that we were warned of after 911, only it is homegrown terrorism of a different sort. This stinks, stinks and stinks some more.
Market manipulation by those who have the funds to do it, conflict of interest, insider trading............
I don’t know, but you did bring up one point that nobody has touched on, and that is that Paulson is a democrat who was a Wall Street liberal. I hated the Bush appointment of him, and I did not trust that he would be good for conservative principals in his appointment. Bush is horrible at picking people to fill positions. I cannot count the number of bone headed picks that have come back to bite him in the ass.
Buffett is just a very smart Value Investor. This is how he makes money: Buy Low.
Where do you see that he bought GE stock? I don’t see that in the news.
Buffett has a big dog in this race, and for him to be Paulson’s “adviser” is a joke.
Complete conflict of interest, especially after his $5B of Goldman Sachs and now G.E.
It means Buffett thinks this is the bottom, or close enough to it to jump in. He is usually right over time. He also probably has information on what the bailout will do specifically (where the money will go) and can extrapolate from that.
Ironically, Buffett’s investment strategy is conservative (in a general sense) yet he supports the liberals.
Fox News
Didn't Buffett just buy $5B in stock of Goldman Sachs?
Hmmmmmmmmm.....
Could it be.....Nahhh....
Right. Paulson, former CEO and Chairman of Goldman Sachs, gets involved after it appears that...Goldman Sachs is in trouble and proposes an outright usurpation of the legislative branch in the form of a $700 billion blank check to bail out, among others...Goldman Sachs.
Warren Buffett buys $5 bil of preferred equity in...Goldman Sachs and proceeds to ‘advise’ Congress that they need to bail out, among others...Goldman Sachs.
People, the truth is hiding in plain sight. This is not about protecting the American people from a Great Depression, this is about a few people attempting to do favors and profit off the public treasury. Nothing new in DC, of course, but something to keep in mind the next time you see a talking head telling you the world is coming to an end without the government sodomizing you even more.
Browsing Open Secrets for Henry Paulson Jr (link) reveals a few donations to Democrats and several to 'League of Conservation Voters', but most are to Republicans. Here are the top recipients:
NRSC 2005:25k, 2003:10k, 2002:50k+10k, 1996:25k+25k
RNC 2000:40k
NRCC 2005:15k, 2003:15k, 1997:10k, 1996:10k
Republican Senate/House Dinner 1994:10k, 1995:10k, 2000:10k
Warren Buffet is making billions by the day on this made up crisis. Buy Berkshire B shares NOW!!!!!!!!
And GE owns MSNBC, the DNC’s most fragrant media propaganda arm.
http://www.muckety.com/Barack-Obama-fund-raising-dinner-7-2-2008/5030882.muckety
Barack Obama fund-raising dinner, 7/2/2008
http://blogs.suntimes.com/sweet/2008/06/hot_ticket_warren_buffett_book.html
June 23, 2008 1:48 PM
WASHINGTON—Superinvestor Warren Buffett plays a double header in Chicago for presumptive Democratic nominee Sen. Barack Obama (D-Ill.),headlining not one but two $28,500 per-person raise or give fund-raisers on July 2. Buffett is the draw at a 7 p.m. dinner at the home of Obama national finance chair Penny Pritzker and her husband, Bryan Traubert, also chaired by Obama senior advisor Valerie Jarrett.
Before that, Buffett shares his financial wisdom with donors at a 90-minute “economic roundtable” hosted by Pritzker, Jarrett, Austan Goolsbee, the campaign senior economic chair and John Rogers Jr., the Obama campaign Illinois co-chair. The event will be at the offices of Rogers’ Ariel Investments.
http://www.freerepublic.com/focus/f-news/2093924/posts
http://michellemalkin.com/2008/09/22/why-henry-paulson-must-be-contained/
…[T]he former Goldman Sachs CEO does not act or sound much like a conservative Republican to the GOP remnant at the Treasury. “It’s not in Hank Paulson’s DNA,” one official told me. Is he loyal to Bush? “Hank is for Hank,” he replied.
Paulson marched to his own drummer… by naming Eric Mindich, chairman of Eton Park Capital Management, to head the Asset Managers’ Committee of the President’s Working Group on Financial Markets. A former Goldman Sachs colleague of Paulson’s, Mindich is a top-level Democratic fundraiser. He was in Sen. John Kerry’s inner circle for the 2004 presidential campaign and backs Sen. Barack Obama for 2008.
Republicans in the administration were amazed that the White House acquiesced in appointing a Democratic activist to lead a group “to develop best practices” for asset managers. These critics wonder why President Bush did not ask Paulson why he could not name a Republican financier for this position…[A] Treasury spokesman replied that “we were looking for somebody who is well respected in the industry” to fill what is “not really a political position.” By that measure, no Treasury job can be considered political.
That includes Bob Steel, under secretary for domestic finance…Brought to the Treasury by Paulson a year ago, Steel is a retired Goldman Sachs vice chairman who worked there with Rubin and Paulson. Federal Election Commission records show no political contributions by Steel since the 2002 cycle, when he gave exclusively to Democrats (including Sen. Charles Schumer of New York). Steel, who is Board of Trustees chairman of Duke University in Durham, N.C., contributed to the North Carolina Democratic Party and its Senate candidates, Dan Blue and Erskine Bowles.
Although Paulson was a generous Republican contributor and prodigious Bush fundraiser (over $100,000) in the 2004 cycle, his earlier political giving was more varied. He contributed to Bill Clinton in 1992, Democrat Bill Bradley’s 2000 presidential campaign, the feminist Emily’s List and Wall Street’s favorite Democrat, Chuck Schumer. Most of the Paulson family’s Democratic contributions come from the secretary’s wife, Wendy, who has supported Hillary Clinton.
All this was known to Bush in May 2006 when he tapped Paulson as a Treasury chief who would command respect on Wall Street. It should be no surprise then that he is regarded in his own administration as less a true Republican secretary than a transition to the next Democratic Treasury — a trademark of a lame-duck regime.
My (admittedly amateur) read of the accounts tells me that they had $31Bn in cash and "equivalents" as of 6/30, down from $47Bn 9 months ago. Are they not burning through that $31Bn mighty quickly all of a sudden?
I’ve looked, but don’t see anything that speaks of his affiliation except Republican, like Wikipedia. Does anyone know where he lives? Maybe the town would confirm his voter registration. I need to know to settle a bet with my husband. Not that I really want to lose, mind you. ;)
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