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Buffet Loses $950 Million In One Day On Goldman SEC Charges
Business Insider ^ | Apr. 16, 2010 | Gregory White

Posted on 04/17/2010 6:23:53 AM PDT by george76

click here to read article


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To: george76

Sic Semper 0bama supporters.


21 posted on 04/17/2010 6:33:48 AM PDT by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: george76

That’s $950 mill that won’t be going to pro-abortion causes.


22 posted on 04/17/2010 6:36:16 AM PDT by Last Dakotan
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To: dangerdoc
The poor man, he must be destitute now.

One billion dollars in paper losses? That poor guy must be wiping his tears away with hundred dollar bills.

23 posted on 04/17/2010 6:36:21 AM PDT by 1rudeboy
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To: george76

How’s that Hoax and Chains working for ya Buffy...Ya should of known what supporting a marxist would cost...950mil is just the beginning...DontChaknow


24 posted on 04/17/2010 6:37:45 AM PDT by PoloSec (Note to Princess B H Obama: May PISS be Upon Mohammads Head...You Pervert)
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To: mad_as_he$$

Hope he loses it all.


25 posted on 04/17/2010 6:39:13 AM PDT by thethirddegree
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To: Need4Truth

The deal reflected Buffett’s belief in “not just the strength of Goldman but its integrity,”

Integrity?

Integrity?

Goldman?

The cheats and thieves of ...?

The most hated company in America ???

“The first thing you need to know about Goldman Sachs is that it’s everywhere.

The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.

In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled-dry American empire, reads like a Who’s Who of Goldman Sachs graduates.”

Matt Taibbi


26 posted on 04/17/2010 6:44:32 AM PDT by DontTreadOnMe2009 (So stop treading on me already!)
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To: dennisw

Buffett is an idiot savant. Take him away from finance, and he is a basket case.


27 posted on 04/17/2010 6:45:52 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: george76

Communists consolidating power ...ALWAYS..take out their closest, next more powerful....


28 posted on 04/17/2010 6:46:02 AM PDT by mo
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To: stephenjohnbanker
speaking of idiot-savants hauling in billions
Read this one from Vanity Fair---->>>

 

 

29 posted on 04/17/2010 6:52:52 AM PDT by dennisw (It all comes 'round again --Fairport)
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To: george76

Can’t say I’m going to lose any sleep over this.


30 posted on 04/17/2010 6:55:26 AM PDT by Desdemona
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To: Red in Blue PA

But he is in at 105, and you don’t lose until you sell.


31 posted on 04/17/2010 6:57:18 AM PDT by mainsail that
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To: george76

The tale of the turtle and the scorpion comes to mind.


32 posted on 04/17/2010 7:00:17 AM PDT by gore_sux (Al Franken - Preferred by Minnesota Educated Somali Pirates and Suicide Bombers Everywhere)
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To: george76

ObamaKarma


33 posted on 04/17/2010 7:04:58 AM PDT by nolongerademocrat ("Before you ask G-d for something, first thank G-d for what you already have." B'rachot 30b)
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To: mo

“Communists consolidating power ...ALWAYS..take out their closest, next more powerful....”

Good point. Is this part of Obama’s move to take over Wall Street, along with this:

http://www.freerepublic.com/focus/f-news/2494941/posts


34 posted on 04/17/2010 7:18:10 AM PDT by Need4Truth
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To: KarlInOhio

“I can’t believe that it was general knowledge before hand or else it wouldn’t have caught GS by (apparent) surprise.”

Who was on the other side of Buffett’s nearly $1 billion in losses? Even a “kickback” of 10% of gains made at his expense would be viewed as a serious chunk of well-needed change for a Democrat party needing a war-chest to stem potential fall losses. Sure, GS got burned, but the administration may have reasoned that was a price worth paying to keep the corrupt regime in Congress in place so that it could continue to look the other way as the administration continues to make decisions that benefit those most willing to “pay to play.”


35 posted on 04/17/2010 7:23:31 AM PDT by DrC
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To: george76

No sympathy for the Liberal Globalist Buffett....

He can recoup the money by running fewer GEICO commercials


36 posted on 04/17/2010 7:59:51 AM PDT by UCFRoadWarrior (JD Hayworth for Senate ..... jdforsenate.com)
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To: dennisw

lol....GS is the real money train Warren. Stop playing choo choo train with Burlington Northern


Buffett bought that railroad....because he has much tied into the NAFTA Super Highway-North American Union nonsense. Buffett is George Soros off of steroids


37 posted on 04/17/2010 8:02:28 AM PDT by UCFRoadWarrior (JD Hayworth for Senate ..... jdforsenate.com)
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To: UCFRoadWarrior

“He can recoup the money by running fewer GEICO commercials”

New GEICO Ad

“Fifteen minutes is all it takes to lose 950 million”


38 posted on 04/17/2010 8:04:03 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: dennisw

Dennis, thanks for the article on Dr. Burry. It took me a bit of time to read it, but it was well worth it.


39 posted on 04/17/2010 8:05:50 AM PDT by stephenjohnbanker (Support our troops....and vote out the RINOS!)
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To: george76

Good


40 posted on 04/17/2010 8:26:25 AM PDT by mimaw
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