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Buffett's Bailout

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  • Buffett's Bailout

    Gee, might this have been the reason why Buffett pushed so hard for the bailout and supported the Wall Street run Obama administration?



    http://blogs.reuters.com/rolfe-winkl...etts-betrayal/

  • #2
    Re: Buffett's Bailout

    So what % of TARP and loan guarantees were put in place under "the Wall Street run Obama administration?"

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    • #3
      Re: Buffett's Bailout

      The numbers are too large for me... $23.6 trill minus what Paulson stole.

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      • #4
        Re: Buffett's Bailout

        Originally posted by Charles Mackay View Post
        The numbers are too large for me... $23.6 trill minus what Paulson stole.
        You are either ignoring my point or missed it.

        Paulson worked for Bush. Both candidates voted in favor of TARP, as it was put in before the election. Most of the loan guaruntees were probably put in place before Obama even took office.

        So why the dig at the current administration?
        Last edited by lb; August 07, 2009, 07:54 AM. Reason: I believe there was more than one "lone"

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        • #5
          Re: Buffett's Bailout

          Originally posted by lb View Post
          You are either ignoring my point or missed it.

          Paulson worked for Bush. Both candidates voted in favor of TARP, as it was put in before the election. Most of the loan guaruntees were probably put in place before Obama even took office.

          So why the dig at the current administration?
          I didn't intend this post to be partisan.. hated Bush too. But I certainly understand why you took it that way.

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