Comments on: Treasury DKs Goldman/Fannie/BRK Tax Credit Scam

By: Shadowtraders » Blog Archive » Goldman Sachs and Buffett plan to steal CIT’s business

Tue, 17 Nov 2009 20:41:22 +0000

[...] http://www.ritholtz.com/blog/2009/11/treasury-dks-goldmanfanniebrk-tax-credit-scam/ Visit our Futuresblog Partners: [...]

By: JackOtter

JackOtter — Mon, 09 Nov 2009 16:07:41 +0000

Whenever Buffett invests in a company that I own, I’m pleased, because it tends to bolster the price, I know he’s likely to stick around for the long term, and I like knowing that the CEO might just be able to get Warren on the line. Since the government forced me to become an owner of B of A, Goldman, and the other names, I’m glad that Buffett put some of his money in my inadvertent investment. It’s one thing to criticize the government for making that investment with our money in the first place. It’s quite another to criticize Buffett for a.) realizing which way the wind is blowing, and b.) increasing the odds that we all get a return on our investment.
That said, Buffett’s stake in Moody’s does leave a bad taste in the mouth.

By: The Curmudgeon

The Curmudgeon — Mon, 09 Nov 2009 15:14:59 +0000

Kudos, BR. I’ve nothing else to add.

By: The Gold Standard » Mark of America’s decline?

The Gold Standard » Mark of America’s decline? — Mon, 09 Nov 2009 14:04:41 +0000

[...] two posts by Barry Ritholtz unmask Warren Buffett. He is scathing in his comments. Regardless of the tone and [...]

By: The “Cute and Cuddly Grandpa from Omaha” has Fangs « The Reformed Broker

Mon, 09 Nov 2009 13:44:41 +0000

[...] The sheer arrogance, the colossal gall involved boggles the mind. And while we expect this sort of behavior from the Vampire Squid — they take pride at Goldman in not just being whores, but in being the highest paid callgirls in town — it is stunning to see such behavior from the usually politically astute Oracle Tentacles of Omaha. For Warren Buffett’s Berkshire Hathaway to team up with Goldman Sachs (which he now owns a healthy chunk of) is a bit of a revelation: We have been spun by his genteel manner, his aw shucks down-home-isms, his off Wall Street, less bloodthirsty approach to investing, into somehow believing he was different. We have been duped. We should not have been. Buffett has been the biggest shareholder in Moody’s — a collection of filthy whores and pederasts who were one of the main contributors to the economic collapse — should have raised serious questions as to his judgment in our minds. That he sat by silently as they did their worst, sodomizing the nations credit system for fun and profit was a powerful indictment of Buffett as someone far different than his public persona. In retrospect, as Moody’s was helping to destroy America’s financial system, his merely spouting off aphorisms about about Financial WMDs now looks too cute by half. There are several other takes from around the web, including the blogs at such mainstream news organizations as Reuters, but these are the two I recommend starting out with: Warren Buffett Shredded (Fund My Mutual Fund) Treasury DKs Goldman’s Tax Scam (The Big Picture) [...]

By: Aeroscout840

Aeroscout840 — Mon, 09 Nov 2009 00:10:06 +0000

It is a post like this that keep me checking TBP twice a day. Bravo, BR.

By: finansblogg.com » Blog Archive » Attacking Warren

finansblogg.com » Blog Archive » Attacking Warren — Sun, 08 Nov 2009 21:08:20 +0000

[...] http://www.ritholtz.com/blog/2009/11/treasury-dks-goldmanfanniebrk-tax-credit-scam [...]

By: AS

AS — Sun, 08 Nov 2009 13:52:42 +0000

‘”We have been duped”"

Right on, man.

Excellent piece.

By: JoWriter

JoWriter — Sun, 08 Nov 2009 04:42:54 +0000

My first clue that he was not all he seemed was when he was giving candidate Ahnold, now Gov. Ahnold,
advice to raise taxes. He (WB) made some comment regarding property taxes that I immediately checked out by called the county assessor in Omaha – wrong. He was making it up – whatever it was, I forget now.

The other clue, of course, is that he is a F**king Socialist! Capitalist, my foot. I’m sure he gets along ever so well with Soros – birds of a feather, including the personal betrayal part. Ugh. *spit*

By: bmoseley

bmoseley — Sun, 08 Nov 2009 04:03:34 +0000

he’s always been good at self-serving statements to the press and public. the first clue that i had that all was not well was the ‘disclosure’ about the governance of Berkshire: he and a couple of pals ran it. this back when he was making comments about other companies with poor governance situations.