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2010-03-01 — businessweek.com
“Within a year or so, residential housing problems should largely be behind us,†Buffett wrote Feb. 27 in his annual letter to shareholders of his Berkshire Hathaway Inc. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender hurt by this there will be a buyer who benefits.â€
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marktwain at 07:54 2010-03-02 said:
Warren, Warren, Warren... There you go again. Housing recovery next year? What about all those stupid Wells Fargo loans... Alt A adjusting up, up and away the next couple of years? You know, the ones your Wells Fargo company wrote and also the ones Wells bought from Wa Mutual. You know it will be years before the economy will feel better. You know, your Moodys Rating Agency stamped Top Grade investment on toxic waste (CDO, MBS, etc.). You know, your Goldman investment before the bailouts. Say, your in the news a lot this month. Really working the crowd. More bailouts coming? Why do the taxpayers continue to bail you out? $15 Billion to Goldman TARP. $15 Billion to Goldman via AIG gambling CDS. $25 Billion Wells Fargo TARP $15 Billion Sweetheart Tax Break when grabbing Wa Mutual for $15 Billion ____ $70 Billion Special Buffet Investment Bailouts Warren, tell us why we paid to your investments $70 Billion. PermalinkStephenF at 11:13 2010-03-02 said:
What does Warren know that we don't? Granted he is the Oracle of Omaha...but that is mighty bold essentially calling the "end" in 2011. I myself don't see it...but I ain't no Oracle and I ain't from Omaha :lol: Permalinkadd a comment | go to forum thread
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