[payowlirriply]

BAC- Bank of America is a fine company to be investing in.... errr.... if you have garantees, that is.
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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.")

[Twendypreency]

...

[gennnniiikk]

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.

[engacenus]

Let's see.... if Buffet still holds all those BAC shares, he lost Berkshire Hathaway $1.6 billion. He is such a smart fellow.
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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.

[trettegeani]

H2SO4 - is that Hydrogen Sulfide or Hydrogen Sulfate ?

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

[mbaueee]

He's pouring C2H5OH


..

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

[Amomiamup]

Living very well on his other 75 billion

[boxcigsnick]

Maybe he should listen too his father who always said GOLD was the best asset, still with 75 billion who cares.