Warren Buffett Is Not A Good Guy

We expect this type of behavior from Goldman Sachs, but not Warren Buffett. Calling Goldman Wall Street Whores is an insult to $5 hookers across the country.

http://www.reuters.com/article/ousivMolt/idUSTRE5A30I220091104

But the Treasury in a moment of piety has struck down this deal.

http://www.bloomberg.com/apps/news?pid=20601103&sid=adO7ckroZNOc

“The proposed sale would result in a loss of aggregate tax revenues that would be greater than the savings to the federal government from a reduction in the capital contribution obligation of Treasury to Fannie Mae,” the Treasury said in the letter. “Withholding approval of the proposed sale affords more protection of the taxpayers than does providing approval.”

The shear utter gall Goldman exhibited in this affair is mind boggling. Again I am not surprised. They are well within their rights to try to pull the wool over the tax payers eyes. They have been doing it since the crisis started. What really upsets me is how complicit Buffett was in this affair. I thought he was above this type of behavior. He proved me wrong. I only have myself to blame in believing that Buffett really cares about Americans. All we hear is how smart Buffett is. That he told us of derivatives being WMD's. That's interesting considering that Berkshire is currently loaded with derivatives on their balance sheet. I guess there is a difference when accessing what side you are on the trade. Also wasn't Berkshire one of Moody's biggest investors? The same Moody's who's phony ratings were partly responsible for the mortgage meltdown? It was Buffett who sat in silence when Moody's was printing fees from the Wall Street Whore Machine. Its so disenginious to listen to Buffett talk about derivatives in any regard while Moody's was destroying the financial system.

Now we have to hear that Buffet is investing in America with his buy of Burlington Northern? Please!