Discussion in 'Stock Market' started by william the wie, Aug 25, 2011.
Just wondering what others thought of this rash of news.
It's only an abyss when the federal government gets involved. Steve Jobs is sick and Warren Buffet is rich enough to buy a bank. The beat goes on unless Barry gets a hissy fit.
The BAC deal is very lucrative to Buffet, with 6% dividend yield on the preferred and warrants that are already in the money.
Thank God something is lucrative in the private sector. Would it be lucrative if Barney Frank bought it? I doubt it.
I don't think it means too much right now. Buffett bought Goldman when it was $111 only for it to fall to $47.
It is a lot of news in a very short time and it is all inisiders
Barney Frank is a major reason the financial sector is in peril.
Then he made billions off of the bailout.
Why else do you think Obama had such a huge war chest in 08, he is bought and paid for by Wall st. Obama, the best president money can buy.
These people in banking not only bankroll the US but the opposition also. They make money on both ends, they also are the cause of bubbles, ho else to you buy out America cheap. No Barney Frank does not have the power or wealth to control the finance industry.
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