In a not-so-subtle dig at profligate Wall Street firms that gambled on risky mortgage-based bets and then begged the federal government to save them, Buffett said Berkshire would never rely on taxpayers – or anyone else – for salvation. He has long decried excessive leverage as little more than irresponsible gambling that puts the entire enterprise at risk. "We will never become dependent on the kindness of strangers," Buffett wrote. "Too-big-to-fail is not a fallback position at Berkshire. Instead, we will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity."... yes, that guy who is worshipped as one of the paragorns of "ethical" capitalism, because he only takes 100,000 dollars a year in salary (duh, he makes most of his money not in salary, but in shares), he has no problem backing Goldmann Sachs' & the Fabulous Fab's business practices unconditionally. Yes, that ethical man has no problem with the bank he invested heavily in (to get a greater share of revenue) designing products and selling them to their customers under false pretenses and in the knowledge that they are designed to fail, making money only for them.
Yes, boys and girls, Warren Buffett has no problem with fraud.
When it fucking benefits him!
And Warren? Hey, yes, you! Don't give me that shit about you never taking bail-outs.It was the company you put 5 billion dollars in that conspired demonstrably with now Treasury Secretary Timothy Geithner to have Goldman Sachs get paid 100 cents to the dollar on their unethical (not illegal, but hey, I have the names and addresses of those for you who were responsible for making theft legal) credit default swaps from...
... who am I talking about, kids? Who?
That's right. AIG!
How much did Goldman Sachs get? How much was it again, backed by the US tax payer? Backed by, and here it comes, Warren, you fucking liar... a bail-out!
13 billion US dollars!
That's right, Warren. The US tax payer kept Goldman Sachs afloat by backing everything they otherwise would have lost!
And what 5 billion US dollars would have been lost otherwise?
Yes, that's right! Yours!
And who made that plan? Oh, right! Goldman Sachs and Timothy Geithner!
Ooooops! And don't lie. Don't you fucking dare to lie! They have the emails. They just can't do anything against, because again... it had been made, if not entirely legal, so at least not fully illegal. So nice when you can buy officials off, eh?
Or is that what you meant by writing "We will never become dependent on the kindness of strangers.Too-big-to-fail is not a fallback position at Berkshire. Instead, we will always arrange our affairs so that any requirements for cash we may conceivably have will be dwarfed by our own liquidity."
Why rely on the kindness of strangers, eh? When you can rig the system itself in such a way that it makes you look like that old, wise oracle and have the blood and ink and debt on the hands of others, that's how you plan a good murder, my man, that's exactly how you do that. You have all the blame directed at a scapegoat, and you are the one who benefits. And that's how you plan it.
The next time you open your mouth to tell other people about how to be ethical, how to stand up for "the little guy"...
... shut the fuck up!