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Buffett’s Bailouts

Posted By Barry Ritholtz On November 7, 2009 @ 2:30 pm In Bailouts | Comments Disabled

I had lunch last week with Rolfe Winkler [1], who is an up and comer in the blog world, a thinking man’s Felix Salmon.

He is similarly annoyed with St. Warren — but rather than engage in my sophmoric venom spew, he went to the spreadsheet to discover that Buffet owns major stakes in 8 companies that have received more than $100 billion in government bailout [2]s.

Capitalist? Hardly. Sounds more like just another crony to me.

Rolfe also posts this fabulous chart:

Buffett’s Bailouts

WB Bailouts [3]

via Reuters [2]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/11/buffetts-bailouts/

URLs in this post:

[1] Rolfe Winkler: http://blogs.reuters.com/rolfe-winkler/

[2] $100 billion in government bailout: http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/

[3] Image: http://www.ritholtz.com/blog/wp-content/uploads/2009/11/WB-Bailouts.png

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