Where sticks and stones may break your bones
Bailout stock ownership score: Warren Buffet 20, US Treasury 1.
Check out this story. This should be a MAJOR scandal. The bail out actually is as bad as the pessimists predicted.
While the Bush treasury dept (aka Golman Sachs Rescue Crew) purchased NON-VOTING shares at an extremely high value, Warren Buffet makes a deal for TWENTY TIMES cheaper.
Yes, that is sad. And the even more sad part is that Obama's new pick for treasury is already defending this major theft.
Bloomberg News has the story (yes, the financial news guys).
It'll be interesting to see if the new president does anything differently. Almost all of his cabinet picks could have been Bush appointees, except the labor secretary.
We shall see.
While the Bush treasury dept (aka Golman Sachs Rescue Crew) purchased NON-VOTING shares at an extremely high value, Warren Buffet makes a deal for TWENTY TIMES cheaper.
Yes, that is sad. And the even more sad part is that Obama's new pick for treasury is already defending this major theft.
Bloomberg News has the story (yes, the financial news guys).
It'll be interesting to see if the new president does anything differently. Almost all of his cabinet picks could have been Bush appointees, except the labor secretary.
We shall see.
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