All of the points made in the posting may be true, but Buffet may still be correct on the merits. None of the facts that distinguish Buffet from me mean that he is incorrect.
Wall Street Breakfast: Must-Know News [View article]
The acrimony and nastiness of some of these posts is disappointing and unsophisticated. This is not a bailout of Wall Street. The owners of Fannie, Freddy, Bear, AIG and Lehman certainly don't feel bailed out. Their ownership interests are worthless. This is simply preserving the financial system, the owners of CDSs, many of which are foreign central banks on which we rely to hold our debt, and the ability of average Americans to get a mortgage or a car loan.
5 Reasons to Ignore Buffett [View article]
Wall Street Breakfast: Must-Know News [View article]