Vafer

Enough with the Buffett Critics

you think Buffet making $100k a year is a lot? you're on the wrong planet.


On Aug 13 01:37 PM The Hammer wrote:

> Being a Buffett follower for many years, i have become disappointed
> in him. Besides parading across the tube with all the led women anchors
> on business shows, he should spend more time running the company.
> Yes he has made a number of mistakes.
> He rarely criticizes anyone.....a true politician. He continues to
> favor continual bailouts eventhough future generations are getting
> raped.
>
> "I personally believe that without government intervention, the banking
> system would have collapsed. Many financial experts believe this
> to be true.." many of these fionancial experts work for wall street
> ponzi banks and have a major vested interest in keeping the ponzi
> scheme alive. And many of these twits did not warn of this major
> financial mess when it was unfolding for the last decade or two.
> WHO cares what these twit experts say?
>
> It remains to be seen whether it would of been better to let all
> these bloated financial institutions allowed to go belly up especially
> the smartest of them all. The govt could of easily backed savings
> accounts and deposits, money markets and kept the banks that were
> managed with appropriate risk alive to keep finance alive.
>
> As regarding Buffett, he is not paying much if any estate taxes,
> he is giving it away so why does he give a damn if a parent wants
> to max their gift to their children. he has a personal accouint of
> over $300 mil or so so he is loaded even making 100k a year.

Buffett's Betrayal

Great headline. Did you get the web hits you were looking for?

The rest of the article, not so much. If most of Wall Street had 10% of his integrity, we'd be a lot better of.

It's nice that he responded to your email. As for betrayal, who's betraying who?

The Next Wave of Foreclosures

Dirk, Regarding Wells Fargo, which you single out as "huge problem, particularly for Wells Fargo" Did you already consider the fact that WFC has already written down most of the bad loans from the Wachovia purchase back in Q4?

I quote from Walls Street Journal: "What helped Wells Fargo in the first quarter was a $37.2 billion fourth-quarter write-down on the most troubled part of Wachovia's loan book; the remaining portion is less risky and will offer up lower losses in the future, the bank said."
online.wsj.com/article...

Wells Fargo: Doing What It Takes to Succeed

"commercial?" seems like a lot of facts to me.
could actually add a lot more. eg. buffet, record earnings, the positive conf.call after the dilutive announcements.

"disservice?" the article is about wells fargo. not usb, not bb&t.

" While not explicitly indicative of the aggressive and often borderline unethical lending practices of many others it does imply some measure of irresponsibility."
What-are-you-talking about? it doesn't imply that at all.

On May 18 04:45 PM greedcanbgood wrote:

> Your article reads like a PSA for Wells Fargo. Wells Fargo, though
> admittedly well run, has had its fair share of credit losses as a
> percentage of its portfolio. While not explicitly indicative of
> the aggressive and often borderline unethical lending practices of
> many others it does imply some measure of irresponsibility. The
> mere fact that it wasn’t an investment bank allows it to better absorb
> those losses and not have them compounded.
>
> You do a disservice by not brining up at least two other VERY well
> run banks, BB&T and USB, both of whom have performed admirably
> in the midst of this burst bubble. Other than quoting an interview
> with its leadership, I’d sure like to see some more analytics and
> comparative data to support your commercial.

Friday Options Update: FXI, JWN, WFC, XHB, CNQ, ANF, PEP

on WFC's large put purchase, I suppose someone's betting that the secondary offering will have a big impact?

Paulson Throws Bernanke Under the Bus, Backs Ken Lewis

Seems like a classic game theory example of the "prisoner's dilemma" in which Paulson cave in to save his own skin.

Wells Fargo: Hardly a 'Community Bank'

what was the point of this article except to say - duh?

MSFT's Call Option on YHOO

Has to be one of the oddest analysis I've read. Merge with cbs, att, or go private? huh? why not add EMC or Oracle while you're at it. Hey, Cisco got a boat load of cash too. Options, dericatives, puts & calls? Woah there. Keep it simple. It's a great move my MS to bring them to the table. The timing with the upcoming shareholders meetings is perfect. IMO, they meet in the middle at $35.