From Barron's, The Buffett Paradox. The article poses an interesting question, "Berkshire won't let Kraft dilute its shares to buy Cadbury. So why is Warren Buffett willing to issue new shares to buy Burlington Northern?"
Probably because Buffet thinks Burlington Northern is a good deal at the price he's paying, and Cadbury isn't a good deal at the price Kraft is paying.
This is the first time I've seen Buffet speak out against someone. It has a bit of an angry tone to it.
Warren Buffett opposes President Barack Obama’s proposed levy on financial institutions because firms including Goldman Sachs Group Inc. and Wells Fargo & Co. already repaid bailout funds.
“Look at the damage Fannie and Freddie caused, and they were run by the Congress,” said Buffett. “Should they have a special tax on congressmen because they let this thing happen to Freddie and Fannie? I don’t think so.”
IMO it isn't based on common sense... it's based on an agenda of socialist revolutionary fundamental transformation of the United States, in which excuses, no matter if they are illogical, for big government to take away from private enterprises is justifiable.
“My determination to achieve this goal is only heightened when I see reports of massive profits and obscene bonuses at some of the very firms who owe their continued existence to the American people,” Obama said Jan. 14 when he announced the Financial Crisis Responsibility Fee.
Funny, looking at recent profitability reports, I'm not seeing massive profits Obama is referring to. Anyone seeing U.S. banks posting up "massive profits"?
“We want our money back, and we’re going to get it.”
Last time I heard, lots of other banks have paid the money back...
Maybe he needs to tax the private banks (which gets filtered down to the consumers of course) so that he can continue to fund Fannie and Freddie's constant need for bailout money because of their gross incompetence. Makes sense; take money from the good banks and weaken them and give it to the incompetent imbeciles so they can stay in business and take market share from the good banks. IMO only a left leaning socialist would consider this logical.
IMO this guy is driving the country in the wrong direction. His strings are being pulled by various puppetmasters that funded his campaign (most notably Andy Stern). He isn't working in the best interests of the american people and the country is being harmed because of it.
I read somewhere that when the Chinese PM travels abroad he always has a copy of Adam Smith's book in his briefcase. I wonder if Obama has a cherished copy of chairman Mao's in his briefcase when he travels around.
Research until your head hurts then scream Banzai!!! and charge fearlessly to victory or death!