LOGO
General Discussion Undecided where to post - do it here.

Reply to Thread New Thread
Old 09-09-2011, 05:00 PM   #1
payowlirriply

Join Date
Oct 2005
Posts
481
Senior Member
Default Where is that brilliant Warren Buffet guy?
BAC- Bank of America is a fine company to be investing in.... errr.... if you have garantees, that is.
================================================== ===
BAC Triggers Avalanche Of $7.00 Stop Loss Sell Orders



Submitted by Tyler Durden on 09/09/2011 12:15 -0400

Is that H2SO4 that Warren is pouring for his next deeply introspective bath? Or will he double down and throw good money after bad money that was good as recently as 2 weeks ago (and according to Cramer was supposed to trigger a "massive short covering squeeze in the XLF.")

payowlirriply is offline


Old 09-09-2011, 05:23 PM   #2
Twendypreency

Join Date
Oct 2005
Posts
471
Senior Member
Default
...
Twendypreency is offline


Old 09-09-2011, 07:40 PM   #3
gennnniiikk

Join Date
Oct 2005
Posts
570
Senior Member
Default
Perhaps Buffett wants a taxpayer bailout, so he can pay 5% back as taxes.

Obama echoes Buffett tax call
WASHINGTON — President Barack Obama invoked the name of Omaha's famous billionaire investor Thursday during his address to Congress.

"Right now Warren Buffett pays a lower tax rate than his secretary — an outrage he has asked us to fix," Obama told the lawmakers.

The line produced hearty chuckling from the Republican side of the House chamber as Obama went on to call for a tax code in which everyone "gets a fair shake."

Buffett last month called for tax increases for the rich, saying they had "been coddled long enough." Obama sought Buffett's advice on ways to help the economy in the days before Thursday evening's speech on jobs.

Afterward, Rep. Steve King, R-Iowa, explained why there was so much GOP amusement at the Buffett line.

"I thought that it was pretty interesting that we'd been called to task to save Warren Buffett from his agony," King told The World-Herald, laughing. "We must do that right away."

He suggested that Buffett contributes money to foundations in order to reduce his tax liability and that the Oracle of Omaha is free to pay his secretary as much as he wants.

"He could pay her a million dollars a year and get her up in his tax bracket, so why doesn't he do that if it bothers him so much?" King said.

Rep. Lee Terry, whose constituents include Buffett and the rest of Omaha, said he wasn't among those laughing at the line.

He said he was left wondering if Obama really wants to raise capital gains taxes all the way up to the level of income tax rates. There will be no escape from the destruction of middle class wealth from inflation.
Perhaps captial not exposed to fiat depreciation should be 'income taxed' each year, not just when sold to eh Buffet?

Must be nice daydreaming for those upper class psychopathic guys with most wealth hidden away in foundations.
gennnniiikk is offline


Old 12-19-2011, 10:49 PM   #4
engacenus

Join Date
Oct 2005
Posts
494
Senior Member
Default
Let's see.... if Buffet still holds all those BAC shares, he lost Berkshire Hathaway $1.6 billion. He is such a smart fellow.
=================================================
BAC Breaks 4 Handle, Drags Entire Market Down
http://www.zerohedge.com/news/bac-br...re-market-down


Submitted by Tyler Durden on 12/19/2011 16:25

As definitive evidence just how fucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level.

engacenus is offline


Old 12-20-2011, 01:20 AM   #5
trettegeani

Join Date
Oct 2005
Posts
466
Senior Member
Default
H2SO4 - is that Hydrogen Sulfide or Hydrogen Sulfate ?

i know it's Sulfuric Acid, i was wondering if it has another name.
trettegeani is offline


Old 12-20-2011, 03:48 AM   #6
mbaueee

Join Date
Oct 2005
Posts
447
Senior Member
Default
He's pouring C2H5OH


..

and hopes that with the right mix of bath water he'll get good times
mbaueee is offline


Old 12-20-2011, 03:55 AM   #7
Amomiamup

Join Date
Nov 2005
Posts
414
Senior Member
Default
Living very well on his other 75 billion
Amomiamup is offline


Old 12-20-2011, 09:22 AM   #8
boxcigsnick

Join Date
Oct 2005
Posts
569
Senior Member
Default
Maybe he should listen too his father who always said GOLD was the best asset, still with 75 billion who cares.
boxcigsnick is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 11:47 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity