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  • Buffett's Betrayal [View article]
    PenName Dave,

    Buffet got caught in some bad buys and stands to lose Billions. I believe he fully intends to pay back if at all possible but he is still on the dole out BIG TIME.

    For starters you can pull "Mortgage Liquidity Du Jour" by Credit Suisse off the internet. It will show you that 48% of mortgages in 2006 were "low\ no Docs" and Wells Fargo was the biggest lender by a fair margin. On 60% of those mortgages the borrower overstated their income by MORE than 50%. Literally fruit pickers flipping houses in California!

    It took me a long time to accept that Buffett could be that stupid.....but I also always new, he had to get too big to handle at some point.........with all that cash and equity! Yeesh this has happened to many before and he is not a god.


    On Aug 05 11:42 PM PenName Dave wrote:

    > Ok... lets think about this.
    >
    > When you think about integrity among people in the public eye, we
    > obviously see alot of scandal.
    >
    > Would you not agree it is unthinkable that....
    > 1. Buffet be caught in a sex scandal
    > 2. Buffet be indicted for some financial crime or theft
    > 3. Buffet wage a public feud where he 'ad hominen' attacks another
    > public person
    > 4. A BRK employee leaves in anger, and writes a scathing book blasting
    > buffet.
    >
    > We all know these would never happen to him. He MUST be a highly
    > ethical and respected person among all he meets! If he were not...
    > one of those 4 would be plausible. None of them are!
    >
    > Read his essays, read his books, listen to what he says.
    >
    > He stands by all he does, and has proven to be simply a l e g e n
    > d.
    >
    > When the history of the 20th Century is written, Buffet will represent
    > it in a good way. How many other people will?
    Aug 06 00:50 am |Rating: +6 -2 |Link to Comment
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