Is Warren Buffett A Fraud?
The Logic Is As Follows:
A fraudulent loan is one where one "knows or should know" the debt can't be paid back at the inception of the loan.
The government and Wall Street borrowed trillions of dollars to bail out Warren Buffett and a number of publicly traded companies....much of this borrowing came in the form of bonds sold to your retirement, investments, and pension accounts.
In November, Warren Buffett admitted in the New York Times, absent the government handout, Berkshire Hathaway would have gone bankrupt.
Thus, but for the receiving the proceeds of a potentially fraudulent loan......Warren Buffett's Berkshire Hathaway would be bankrupt.
Here is where things get interesting....under the Constitution, ALL Americans are afforded certain rights, including Life, Liberty, and the Pursuit of Happiness......and such rights mandated to be distributed EQUALLY. Because without equal justice for all, there is effectively no justice for anyone.
If you bail out one and not the other, then you essentially destroy the rights of the one you don't bail out to the benefit of the other. This is not justice, it is not liberty, it destroys freedom, this is NOT America.
The question you should ask is if Warren Buffett and Wall Street was bailed out....why wasn't EVERYONE in America bailed out?
And if everyone in is NOT bailed out, including small business owners, small banks, independent contractors, and private citizens....should we claw back the proceeds from the bailout and return justice to America?