Comments on: Buffett’s Betrayal http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/ Option ARMageddon Tue, 14 Oct 2014 13:06:34 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: appayne1 http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-5/#comment-5193 Mon, 01 Mar 2010 22:44:18 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-5193 Sounds like “The Rich get Richer and the Poor get Poorer”

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By: Diane http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-5/#comment-3089 Sun, 08 Nov 2009 23:54:16 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-3089 Insightful article and so NECESSARY.Similar conflict of interest is apparent in Buffet’s estate-tax stance.When Buffet always talks about how he’s for the death tax (because it’s supposedly so “fair”), keep in mind that he personally benefits from the death tax because it hits so many small family-owned companies that he likes to buy up or “rescue.”Nobody in the media ever calls him on this. Instead, he is presented as being somehow altruistic or wise or whatever Obama and people who are for “sharing the wealth” want the sheeple to believe.

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By: Nicole Thompsen http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-1425 Wed, 09 Sep 2009 10:10:28 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-1425 Ty móc strona internetowa o nowy i opóźniony model i projekt Replika fake Omega nasz strona internetowa.

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By: swaps http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-1414 Wed, 09 Sep 2009 04:42:04 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-1414 I seem to recall that Berkshire is exempt from having to make timely reports on its investments, so that such news will not roil the markets. Just another example of too big to have to follow the rules that apply to the small timers.

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By: Springer08 http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-863 Mon, 17 Aug 2009 22:55:22 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-863 class war? Yeah, there/s a class war going on. An WE are F|ing winning!/WB

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By: Yabba Daba Doo http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-840 Sun, 16 Aug 2009 22:49:23 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-840 With billions of tax payer money being paid out in corporate bonuses in the worst year in American Capitalistic history I do not feel all that bad about walking from my home. However the real poetic revenge is knowing that Buffet is truly condoning these bonuses that should have gone to share holders creating a real catch 22. Buffet has been my role model for years when it came to investing, but it goes to show that the bigger they are the harder they fall.We are going to see another fiasco happening soon in the banking climate. Why? Well Joe and Jane walk from their homes which they owed 500K on and then it was sold in foreclosure for 300K, but the banks are still counting the 200K difference as a long term recievable which the banks put in as asset in the balance sheet and future income on the income statement. They are again tricking the FED to lend them more money than the have backing for. Correct accounting should dictate that they are never going to collect from Joe and Jane. The banks are still up to their same old tricks.Watch the real collapse come again, but next time no government cash to fill the pockets of CEO’s

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By: j mathew http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-806 Thu, 13 Aug 2009 19:46:29 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-806 Nice article, but a bit offside. As far as Buffett lobbying for something that is in his best interest, sure he did, but it was also in the best interest of the country at large.What do you think would happen if the banks you mentioned in your article, collapsed? It would filter down so quickly and violently, that you would be writing an article about how the government should have stepped in to stop the carnage.As for Buffett, last I checked, his will stipulates that a sizeable portion of his holdings be given to charity.That sounds pretty greedy to me…..sarcasm!

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By: A.S. http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-734 Tue, 11 Aug 2009 11:09:54 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-734 ….The tide went out and now we see who has been swimming naked……Good article. About time.

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By: Keith http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-714 Mon, 10 Aug 2009 12:34:15 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-714 I just do not get it. Why is everyone at all surprised? Is Warren Buffet truly a role model for anyone…seriously?!This guy is seriously deranged. He has billions and still needs more? Anyone see anything wrong with that? Let me say it again, he has billions, he does not need anymore, and in his little mind he still needs more. How miserbale can one already get?So why be surprised when hacks like this say what is printed above in his meeting? Why should he be different? It is this mentality that got him his money in the first place…in a world of greed a guy like this is touted as some kind of role model.Give me a royal break.

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By: Parry http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-694 Sun, 09 Aug 2009 05:57:15 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-694 I think the main point of Rolfe’s article is Warren doesn’t practice what he preach when it’s not in line with his interest. I leave the moral judgment to someone else though.

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By: Jon Gerst http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-690 Sun, 09 Aug 2009 03:53:28 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-690 What is truly sad is that it takes this sort of behavior before Buffet is seen as greedy and selfish.How is it that in a world in which much of humanity lives on one or two dollars a day, and some forty thousand children die each day from avoidable causes, we worship those who hoard literally BILLIONS of dollars in assets and live in absurd and wasteful luxury?That Warren Buffet is a hero for anyone is a measure of how sick we’ve become (or perhaps always were). That this comment will be ignored suggests that there is no hope for us.

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By: Gregor Former http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-689 Sun, 09 Aug 2009 03:19:51 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-689 I find the numerous comments that choose to whitewash morality quite funny. The notion that by taking advantage of what one has classed a morally suspect option because it is profitable and available one has somehow bypassed the original moral dilemma requires some incredibly flexible morals. To put the absurdity in clearer light, let’s take a profitable enterprise that is generally universally condemned as immoral: slavery. The argument that some here are taking is that if an investment were available in some slave-holding operation in a country that had not made it illegal, it would be immoral as a fund manager to NOT invest in it if it increased your investors net worth.

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By: David Trisnadi http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-680 Sat, 08 Aug 2009 22:34:07 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-680 YOUR US GOVERNMENT IS THE FOOL…WHY WOULD THEY BAILOUT THOSE LOSING COMPANIES?IN A CAPITALIST ECONOMY LET THE MESS UNDO ITSELFDon’t YOU ALL HEAR TIME HEAL ALL WOUNDS?

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By: Odious Swaggering GSBer http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-678 Sat, 08 Aug 2009 18:23:16 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-678 Buffett also has lobbied for securing loose nukes. No doubt greedily trying to protect his investments by making sure US cities are not vaporized.Self-interest is not always contrary to public interest. We need continuity in the banking system, even when they don’t deserve it. So a rescue, or at least an attempt, was foregone. He traded on a certainty, and lobbied for rationality.Recapitalizing banks through debt, rather than equity, adds vast amounts of risk capital that is senior to Buffett’s equity. If that capital goes bad, he loses everything, so his incentives are well aligned.I’m amazed I need to write this to Reuters.

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By: Brandon http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-673 Sat, 08 Aug 2009 14:36:46 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-673 Yeah, Lets not give bail outs, lets have most Americans bank accounts closed.

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By: glo http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-664 Fri, 07 Aug 2009 09:54:21 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-664 Talking about Goldman et al collapsing – there’s so much talk about debts – but what about CREDITORS – the people holding all the WINNING derivatives?And by the way, our so-called “representatives” who deregulated or looked the other way were installed by computerized vote-rigging machinesCheck out the HBO documentary AMERICAN BLACKOUT:http://video.google.ca/videopla y?docid=-5965670944815984616Or:Blackboxv oting.orgvotefraud.org

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By: Nick kapes http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-659 Thu, 06 Aug 2009 23:50:12 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-659 Welcome to CAPITALISM!! New age USA style. Lets face it, its going to be a cold day in hell when the Buffetts of the world will not do what needs to get done in order to save their Empire. hell I would have done the same thing because I would have been legally allowed to do it. One would like to think, that when the Oracle passes on he will leave a lasting legacy to the people of the USA, where his funds profits are put back into the Community, Lock, Stock and Barrel!

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By: Joel Neecke http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-658 Thu, 06 Aug 2009 23:46:51 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-658 Very interesting story. Something everyone should keep in mind: All those people we are now criticizing for their roles in the financial meltdown have operated under the rules enacted by our representatives in Washington, D.C. Perhaps we should all look in the mirror to see the culprits.Lemonade

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By: doug http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-657 Thu, 06 Aug 2009 22:51:05 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-657 This article is a crock of cr^%. Buffet helped the banks far more than he should have. He probably should have stayed away when they were in financial trouble, but thought he had a responsibility to our country.The BANKS and the mortgage BROKERS are the crooks – banks backing bad loans made on no documentation in scary circumstances.If the government would not have intervened, our financial system would have melted down and ALL OF US would be out, not just Buffett.Not only did he protect HIS holdings, but he protected MINE too, so thanks Warren.

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By: GSH http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-656 Thu, 06 Aug 2009 22:21:17 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-656 From this article, one might form the opinions that Mr. Buffet singlehandedly engineered the bailouts and was a majority shareholder in the largest corporations in the US. In addition to his personal financial salvation from Recovery Act, billions more in investor wealth were preserved.Who else protected client investments that well through this financial abyss?What would have happened to our economy if there were no bank bailout?Banks do need regulation that protects depositors, investors, and the FDIC (the taxpayer).Mr. Buffet is a not-so-perfect, yet extremely successful, ethical, charitable “good-deed-doer” capitalist in the icon of capitalism. While I am sorry for your personal disappointment, I feel this was undeserved bashing by an idealistic writer.

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By: Robert Ball http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-654 Thu, 06 Aug 2009 21:23:19 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-654 Attacking Buffet for supporting and pushing for the bailouts is ignorant. Regardless of Buffet’s focus on his self-interest, I believe that his self-interest coincided with the needs of the American Economy. Without the government bailouts for the financial sector there is an extremely high chance that the financial sector would have collapsed, in which case the American people would have had to pay for the FDIC to cover their own deposits.P.S. Everyone persues their own self interest.- Economics 101

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By: msmith http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-653 Thu, 06 Aug 2009 21:03:28 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-653 Well articulated–would LOVE to see Buffett’s response!

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By: JLo http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-652 Thu, 06 Aug 2009 20:16:56 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-652 What Rolfe fails to realize is that the financial companies that benefited from TARP were not operating companies of Bershire. They are minority equity investments. Buffett doesnt run those companies, and he doesnt have a say in whether the TARP money would be accepted.Anything Buffett draws attention and sells papers/draws clicks. Too much misunderstanding and poor logic with this article.

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By: Pete http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-651 Thu, 06 Aug 2009 19:49:55 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-651 All is well; Goldman has declared the beginning of the next Bull Market. Goldman has given a whole new meaning to “Bull” Market.

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By: Jon King http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/comment-page-4/#comment-650 Thu, 06 Aug 2009 19:00:35 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3010#comment-650 Buffett was way behind the blogs in outlining the huge housing bubble and what it would do to the US. He made some nice investments early on but has done more than his share of shady deals over the years. In the end he is another guy who made it rich the right way, then got corrupted by the need for more and more. Giving away a large part of his fortune was nice but it does not change his lifestyle…5 billion or 50 billion, you still live the same! And it was great PR.I read various blogs and followed their advice, getting out of the market at 13800 in June 2007, went into gold at 500 and out at 900, sold my 2 vastly overpriced Florida houses in 2006.So people following the blogs did A LOT better than Buffett the past few years, that is for sure!

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