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Even Buffett Makes Mistakes

This article is absolutely useless. Need I say more.

Has Buffett Lost His Mind?

Pure and simple. Buffett is no dummy when it comes to money. There is no competition in the railroad industry and the existing lines could further serve as real estate for future infrastructure for the potential of high speed lines as well as energy. The intrinsic value coupled with the future value will be a win win.

I don't see the lonely value investor up their as one of the wealthiest investors in the world.

Careening Towards a Financial Crisis?

24 Answers how George W. Bush, Republican congress and his Economic Policies Caused the Mortgage Crisis and This Bad Economy.
24 Answers how George W. Bush, Republican congress and his Economic Policies Caused the Mortgage Crisis and This Bad Economy.

1. Fiscal Irresponsibility with tax cuts while trying to fund 4-7 Billion per month for War. You cannot have both. Not surprising coming from a 2.0 GPA MBA student….he would not understand that….

2. Blocking anti-predatory lending legislation in 2000 enacted by democrats in congress to place additional regulation on mortgage lender and brokers. Repubs said no! Republican Phil Gramm then chairman on the Senate Banking Committee told a group of bankers in 2000…"In the name of predatory lending, we could end denying people with moderate income and limited credit rating the opportunity to borrow money:"…Damn, HINDSIGHT IS BITCH!....

3. Bush campaigning on the 2000 platform to increase minority housing ownership-This was the initial seed that was planted that eventually bloomed into this debacle.

4. Democrats continued to introduce bills to regulate the lending practice of Mortgage lenders lead by then senior democrat Barney Frank. Again, Republican dominated congress block such legislation…Damn, they were given a second chance to prevent this sub-prime debacle.

5. Paul O' Neil, the first Bush Treasury Secretary was castigated for his statements was forced out but come of his economic acumen on tax cuts and war spending. The Bushies fired him…..Read his book the "The Price of Loyalty" written by former Wall Street Journal reporter and Pulitzer Prize-winning journalist Ron Suskind, the book says Bush's economic policies were irresponsible, Bush was unquestioning and uncurious, and the war in Iraq was planned from the first National Security Council meeting, soon after the administration took office, even though Bush had promised not to engage in nation building during his campaign.

6. Take two on Treasury Secretaries; Bush nominates John W. Snow as Treasury Secretary on Jan of 2003. He later resigned. No actual reason given. Hmmm... They still cannot get it right...

7. Take three on Treasury Secretaries, Bush nominated Henry Paulson. Paulson is trying to enact measures and REGULATION (BIGGER GOVERNMENT) that have not been seen since the GREAT DEPRESSION…thought the Tax cut worked….

8. The dollar continues to drop due the fact that the international smart money is starting to lose faith in the economic viability of the U.S. Supply and demand will dictate they are selling or getting rid of the dollar. The dollar has not risen since his tenure

9. Light Sweet Crude (OIL) was around $31 dollar a barrel when Bush took office..coincidence or supply or demand..you be the judge... Now, it is over 100….When you have commodity inflation as such with energy price that trickled into to the economy sowing the seeds for CONSUMER inflation. Is your grocery bill higher than it was 8 years ago?...Of course, it is normal business cycle., but the ELEPHANT IN ROOM gave HUGE TAX CUTS AND BREAKS TO THE OIL COMPANIES (his base that supported his election)

10. A lack of oversight in the Security Exchange Commission. –precursor. You may not understand this next point, but I will state it anyway. The SEC, the organization that oversees and garners the responsibility for federal security legislation over the security markets (stock market etc.)…They did not institute FASB 123 soon enough. FASB 123 basically provided security legislation to make corporation expense stock options. It was done too late. Many corporations later had to report larger than normal losses due to this fact.

11. Enron-Once the 5th Largest company in the World—many of the executive where huge donor to the Bushies and consult with the bushies on energy before their demise

12. Speaking of energy consulting, the secret meeting notes of the energy brainstorming session with executives from Enron Cheney never released to the powers that may be. Cheney claimed executive privileges. Total disingenuous policies that could be the smoking gun behind why light sweet crude swimming over $100 a barrel…Can you smell collusion?

13. Raising the debt ceiling 4 times in 5 years….HOW WOULD LIKE THE CREDIT CARD COMPANY TO INCREASE YOUR CREDIT CARD LIMIT 5 TIMES?...talk about fiscal irresponsibility..9 TRILLION DOLLAR LIMIT.

14. Spending out of control-SEE 13

15. A higher than foreclosure market that could have been prevent..SEE 2, 3, 4 above

16. If the tax cut worked, then why has growth stalled at point 6 basis point last quarter.

17. Corporate Welfare / borderline socialistic regulatory policies that smell of planned government. (ala Kremlin economics)—i.e. Bear Stern debacle
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18. Two recessions so far

19. Irresponsible stimulus package

20. Redefining the rules of capitalism

21. Feeding the American public on the bullshit on the American economy is the envy of the world

22. The Government requiring Fannie and Freddie to fund more loans for low-income people, but lets them do so by buying sub-prime mortgage-DAMN, Hindsight is a BITCH compliments of the Bushies…..

23. the corporate socialist practice of bailing out the banks (e.g. Bear Stern, Fannie Mae, Freddie Mac etc...) privatizing profits and socializing risk

24. Changing the rules on market protocols...picking battle to support their own agenda ( naked shorting , shorting..ETC)