The Hammer

Enough with the Buffett Critics

vader you misinterpretated my statement. 100k is a bargain but he invests alongside sleezy firms like Goldscum craps. All I heard and read is about partnering with quality ethical people but then he goes invests with these slugs with our money? this investment helped keep the scum organization afloat. I would rather take a slight hit to my investment (brkb) than keep this sleezy firm (gs) in existence.
I consider some of his comments lately to be sexist also. If any other investors or commentator made the same comments they would be baked over the coals. He has been getting a free pass lately with some of his statements.

Enough with the Buffett Critics

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.

The Pain of Deleveraging Hits the Consumer

The consumer is toast for years to come. The Housing ATM free money machine has been shut down, incomes have negative increases vs inflation and large debt loads will force years of deleveraging and savings.
Our consumption based economy is going pooof before our eyes. Unfortunately bennie boy thinks he can jump start consumption again. LOL!
It ain't going to work this time around...maybe for a short burst but there is no organic industry growth that can replace the substantial artificial demand from the credit bubble for years to come.

Barron's Goes Bullish on Banks, Again

The issue we have to worry about most in the future the downgrading of US sovereign debt. We are on our way to achieving this one with the absolute disaster of fnm & fre and the reckless ways of wall street and Banksters. How long can we print , dilute and forgive our way to prosperity?

Barron's Goes Bullish on Banks, Again

It seems the market has corrected a nice portion of the toxic securities, but what about the upcoming credit deterioration of all those poorly written loans, credit cards, auto loans, student loans home equity loans. residential & commercial loans due to a weakening economy.
The banksters have heisted the country with their greedy ways.