EXCERPT People with an insider's view of the American International Group saga aren't wondering if someone will be indicted, or whether the company will have to pay a high price for its misdeeds. Both of those are foregone conclusions. A collision of interests might be inevitable since the New York Attorney General Spitzer and the feds seem to be working at cross purposes. Spitzer obtained the cooperation of AIG executive Joe Umansky. But Umansky doesn't have a deal with federal prosecutors. The feds did a plea agreement with Richard Napier and John Houldsworth, both of General Re, for actions taken in connection with AIG. But neither of those guys have deals with Spitzer. I called but nobody would talk about this. http://www.nypost.com/business/25119.htm
ping
Wellll.....wellll.....wellll....maybe this explains some of Buffet’s liberal tendencies....
Say it ain’t so. Warren’s stock could tumble 140,000 a share down to zippo if he played games or cooked the books. I really don’t think that Mr. Clean Warren Buffet did anything wrong other then supporting Obama!
It’s very interesting reading these flashbacks.
It’s such a great feeling to know that the MSM can run but there’s nowhere for them to hide anymore.
The pols can’t flap their jaws out in the hinterlands without their gaffes being exposed-—and evergreened-—on YouTube, and the pols and MSM can’t write “it’s Bush’s fault” (or whatever) when we, the people, can easily prove otherwise.
Not only prove otherwise, but get the word out there through the people’s media-—blogs, FR, talk radio.
It’s a beautiful thing.
My hunch is that both Buffett and Spitzer were the triggers that sent this house of cards sprawling over the American financial landscape in a wreck of huge proportions!!!
Hunch number two is that Americans and American investors have had their confidence shaken in both the financial giants, but also in our government and in it's ability to properly resolve this. Thus the market dive again today...
Hunch number three is that NO politicians are willing to do anything that is right because it is too hard and will require them to use good judgement, rather than "compassionate" correction that will fall far short of what's really going to be needed!!!
What is the connection of Buffet on T.V. saying what a good guy Paulson is? My lefty friend is all at ease now because she trusts Buffet and he trusts Paulson. The only way I could pull her back from the edge was to note that BUSH chose Paulson and also trusted him and that gave her SOME pause to think...but then at that moment she coincidentally had to go...always happens with them.
Although he is known for multi $billion returns on investments in Coca-Cola, The Washington Post, Gillette and other concerns, Berkshire is an Omaha holding company that owns major insurersIMHO Buffett's entertaining Jim Thorpe all American investor persona serves merely as a "front" to obfuscate the true source of his wealth - selling insurance. It's my admittedly limited understanding of insurance that all roads eventually lead to "names" placing bets with Lloyds of London.