David Sokol
um, does that constitute insider trading? Buying a stock that don’t belong to you and trying to convince others to buy the same stock
Wow,
now that’s a conflict of interest: buy this company...I own lots of shares. Trust me, it’s a good deal ;)
Buffet is too old school wasp. It’s just the new capitalism. Make Sokol Commerce Sec.
I’ve never understood the fascination with Buffet and Berkshire Hathaway. It’s basically a type of mutual fund in that they constantly buy companies — but they don’t pay a dividend to the investors. Where’s the cash that the acquisitions throw off? If the parent company owns above a certain percentage of a subsidiary, the dividends back to the parent are taxed at a low rate, or not at all. So — where’s the cash?
Anybody who thinks Buffet is “all that” needs to read Benjamin Graham. When I taught college classes, I recommended that all students study two books: the Holy Bible and the Intelligent Investor.
This is classic insider trading.
Warren in handcuffs, I like it.
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There is a lot more insider info leaked and/or “taken advantage of” by employees than you could ever believe -
One - back several years involved US Surgical stocks - check it out - I knew what was going on well in advance
As for Judges, Justices, and those ‘overseeing’ agency things -
It is not as if they would bend/break the law for financial gains
It is only how much their price is - and how secure and free they remain
This include SCOTUS - I also consider obvious corrupt political bias in decisions to be a bribe or payoff too - Our latest two Justices appointed by Obama and approved by Harry Reid’s US Senate are perfect examples of prime candidates for impeachment, conviction, and removal from the Supreme Court
I would not be upset for over five minutes by faster and more punitive methods
As for Warren Buffett - he was a huge supporter of 0ponzi and backed his TARP and endless bailout scams
- And Buffett has made a ton from doing so since the US economy and major businesses ‘mysteriously’ and ‘unexpectedly’ got a soreass.....
Never steal anything small - ask Lohan and Rich
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Sokol’s on CNBC right now doing some damage control.
Had a Koch or any conservative done this we would be watching their frog marches on continuous loop play on all the MSMs
These guys always look like they could wear a prison suit very well. ....or thugs from the mafia....called “Investors” I call most of them crooks in sheeps clothing.
I would imagine that insider trading happens CONSTANTLY.
How could it not happen? It is just a matter of WHO gets caught.
Add to that the members of congress who own stock and are in a position to make laws that will affect the value of that stock! Talk about a conflict of interest. No wonder a senator is often willing to spend millions of his or her own money for a job that pays $175K a year (um, in reported income).