Buffett Thanks Uncle Sam

http://www.futureofcapitalism.com/2010/11/buffett-thanks-uncle-sam

Berkshire Hathaway chief executive Warren Buffett has an op-ed piece in the New York Times praising the government's response to the financial crisis: "Overall, your actions were remarkably effective....I would like to commend a few of your troops. In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair grasped the gravity of the situation and acted with courage and dispatch." The bottom of the article says, "Warren E. Buffett is the chief executive of Berkshire Hathaway, a diversified holding company."

He could have signed it instead, "Warren Buffett, the largest crony capitalist in the world, shareholder of GE, Goldman Sachs, Wells Fargo, US Bancorp, M&T Bank, and American Express, as well as competitor of private equity and hedge fund firms that have been threatened with new taxes and regulations, and behind the scenes, insider adviser to most of the government officials mentioned above."

by Editor  |  Nov 17, 2010 at 8:37 am Related Topics:  Capital Markets Regulation, Warren Buffett receive the latest by email: subscribe to the free futureofcapitalism.com mailing list