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Warren Buffett Gets Special Deal from Obama
Topic Started: Aug 25 2011, 08:04 PM (505 Views)
Mason
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Concerned and others have already posted - but this deserves it's own thread.


Warren Buffett gets sweet deal before Big Fundraiser for Obama?

Some assurances from Obama?


The media doesn't suspect any inside deals. Do you think if Bush had a special, private meeting with the CEO or large investor throwing Bush 36K Fundraisiing Dinners - do you think the Press would have some interest in the terms of the Investment deal?

I guess Warren Buffett is not considered one of the Rich we should Hate.


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Mason
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One Investment house is advising clients to Sell Bank of America and buy Berkshire, in light of this sweetheart deal for Buffett.


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Edited by Mason, Aug 25 2011, 08:15 PM.
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Baldo
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I don't believe Buffet's PR image anymore. He is part of the Kleptocracy. How can I get more money for my companies from the govt, just like GE's Immelt. Meanwhile both are large investors in China.

Buffett to host Obama election campaign fundraiser

CHICAGO (Reuters) - Billionaire investor and philanthropist Warren Buffett will boost President Barack Obama's re-election bid next month by appearing at a New York fundraiser that will charge as much as $35,800 per guest, the Obama campaign said on Thursday.

The September 30 fundraiser, billed as an Economic Forum Dinner and Discussion with Warren Buffett, signals the Berkshire Hathaway Inc. chairman's support for the Democratic incumbent. Obama spoke with the "Oracle of Omaha" for advice on Monday on how to invigorate the U.S. economy and spur job creation, a linchpin for Obama's re-election prospects.

Obama, with his approval ratings hovering at roughly 40 percent, is set to propose short-term measures to boost hiring and call on a congressional panel to deliver more than the $1.5 trillion in savings partly through increased tax revenue.

Former White House economic advisor Austan Goolsbee also will be at the fundraiser at the Four Seasons Restaurant in New York City, according to the event's invitation.

Tickets run $10,000 to $35,800 per guest. The top-dollar donation "includes VIP pre-reception with Warren Buffett," according to the Obama campaign website.

The cash will go the Obama Victory Fund, a joint account benefiting the President's re-election campaign and the Democratic National Committee.

Buffett has been a longtime Obama supporter, donating to the his campaign and the Democratic National Committee during the 2008 presidential race....snipped
http://news.yahoo.com/buffett-host-obama-election-campaign-fundraiser-232028493.html


Yea that loveable penny pinching old man who is throwing a $10,000 to $35,800 per guest party. Move on folks, nothing there.
Edited by Baldo, Aug 25 2011, 08:41 PM.
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Concerned
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Buffett Is Betting Against Eric Schneiderman

http://www.thestreet.com/_yahoo/story/11231295/1/buffett-is-betting-against-eric-schneiderman.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA


NEW YORK (TheStreet ) -- Is Warren Buffett banking on another round of bailouts?

Perhaps. But, if so, the next time banks get government help won't go down like it did last time.

Warren Buffett announced Thursday he will take a stake in Bank of America, paying $5 billion for 50,000 cumulative preferred shares, each with a liquidation value of $100,000.

This investment has already raised red flags in the investment community, with the announcement coming days after Bank of America CEO Brian Moynihan vehemently denying that the bank needed capital. Also, the terms of the deal -- specifically the outsized dividend -- have led at least one prominent analyst to declare: "There's no way the bank can make money."

So what exactly are Bank of America(BAC_) and Warren Buffett up to?

They're betting against New York Attorney General Eric Schneiderman.

Schneiderman is investigating the foreclosure practices of major banks; opposing any mortgage/foreclosure settlement that gives banks a release from criminal investigations in exchange for civil fines.

In this sense, he's a lone wolf, getting booted from multi-state mortgage-settlement talks while facing pressure from the Obama administration to accept "blood money" in exchange for banker immunity.

The proposed settlement of $20 billion would protect mortgage servicers such Bank of America, Wells Fargo(WFC_), JPMorgan Chase(JPM_), Citigroup(C_) and Ally Financial from further mortgage investigations. For perspective, the laughably small settlement is less than a single year's Wall Street bonus pool.

If major banks did commit financial crimes, Buffett, Obama and the banks all stand to benefit greatly from sweeping things under the rug (or, more aptly, buying a "get out of jail free card").

But, for now, Schneiderman is the thorn in everyone's side, posing a threat to Buffett's investments, Obama's campaign coffers and the very viability of too-big-to-fail banks.

If you care to drop him words of encouragement, you can use this online form.

If you wish to send Buffett a note, you might have trouble reaching him -- he's busy organizing a fundraiser to benefit President Obama's re-election bid.
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LTC8K6
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Assistant to The Devil Himself
http://www.nypost.com/p/news/opinion/editorials/warren_buffett_hypocrite_E3BsmJmeQVE38q2Woq9yjJ

This one’s truly, uh ... rich: Billionaire Warren Buffett says folks like him should have to pay more taxes -- but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years.

That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002.
...
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Concerned
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Quote:
 
That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002.
]

A billion in back taxes.........

http://www.newsmax.com/Headline/buffett-irs-back-taxes/2011/09/01/id/409520?s=al&promo_code=CF64-1


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Baldo
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Concerned
Sep 2 2011, 09:06 AM
Quote:
 
That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002.
]

A billion in back taxes.........

http://www.newsmax.com/Headline/buffett-irs-back-taxes/2011/09/01/id/409520?s=al&promo_code=CF64-1


So the loveable old coot who has his hand in the taxpayer's pocket doesn't pay his fair share!

One of Obama's BFF. That should tell you something.

Kleptocracy, Rules in Omaha
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kbp

I've always had great respect for his LONG-TERM investment strategy. I'm not sure WTH he is now.
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