Anybody who thinks Planned Parenthood is doing a “lot of good things” is nearly evil incarnate. An old, self-obsessed coot who believes in inheritance taxes and hates the unborn. Can you think of a more Dickensian villain?
No wonder he’s such a strong supporter of it and the liberal politicians who keep it in place.
Globalist Buffet is buying American infrastructure and leaving the government-insured lenders to others.
Member companies of The Marmon Group operate independently within nine diverse business sectors, grouped within four business segments:
Electrical Components: Wire & Cable Products serving energy related markets, residential and non-residential construction and other industries.
Transportation Equipment Services: Transportation Services & Engineered Products, including railroad tank cars and intermodal tank containers; and Highway Technologies, primarily serving the heavy-duty highway transportation industry.
Construction & Industrial Components: Distribution Services for specialty pipe and tubing; Flow Products for the plumbing, HVAC/R, construction and industrial markets; Industrial Products including metal fasteners, safety products and metal fabrication; and Construction Services, providing the leasing and operation of mobile cranes primarily to the energy, mining and petrochemical markets.
Retail Solutions: Water Treatment equipment for residential, commercial and industrial applications; and Retail Services, providing store fixtures, food preparation equipment and related services.
Member businesses employ 21,500 people and operate more than 250 production facilities, primarily in North America, the United Kingdom, Europe and China. Collective revenues totaled $7 billion in 2006. Forbes magazine ranked The Marmon Group 35th on its 2006 list of the largest private companies in the United States.
Seems right to me...
ping
>>>>Rumours he was poised to invest in the troubled investment bank Bear Stearns, then in the mortgage lender Countrywide Financial, turned out to be false. Since then Citigroup, Morgan Stanley, UBS and Merrill Lynch have all gone out in search of rescue capital and have all struck deals with Middle Eastern or Asian sovereign wealth funds.
Funny how I don’t see Goldman Sachs on that list
related
http://www.freerepublic.com/focus/f-news/1940602/posts
New Jersey Could Move to Ban Iran Investments
Buffett, Schmuffett, I’m tired of hearing about this senile old leftist fart. He’s just another nanny fascist Dhim.
Move on to the real market.
Buffett, Schmuffett, I’m tired of hearing about this senile old leftist fart. He’s just another nanny fascist Dhim.
Move on to the real market.
Thats OK he isn’t leaving anything to his family either from what i’ve heard there still are real scrooges and anit-capitalist capitalists !
He bought a piece of a company that actually manufactures useful things - such as ones you can’t live without. Compare that to investing into irresponsible banks who loaned money (that they didn’t have) as if there is no tomorrow.
In other words, he invested into a manufacturer of inelastic demand goods:
http://en.wikipedia.org/wiki/Elasticity_%28economics%29
These are products that people need no matter what, and pretty much regardless of the cost. Oil is one of them, some food, but you can see many more around.
Investing into, say, fashion industry or jewelry would result in goods with very elastic demand, and if the money supply dries out then consumers won’t be buying that and won’t feel any hardship.
To me it seems that Buffett does not expect any sudden prosperity in the country, and he is battening the hatches down for a period of limited spending. At such a time only true necessities will be bought.
There was once a maker of luxury cars called Marmon. It certainly existed in the late 20s. Perhaps went out of business in the early 30s. I wonder if this Marmon is actually a corporate descendant of the auto company.
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