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alstry (35.03)

Maybe Buffett Should Get Over It

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September 25, 2010 – Comments (5)

Buffett to taxpayers: Get over your anger

Maybe if the stimulous was concentrated on mainstreet and no Washington and Wall Street, America would not be so angry?

Buffett knows that most of the debt in America is on mainstreet.........and if new credit is not being issued, then EXISTING debt will default and America will shut down...because most of America works on mainstreet.

Buffett's holdings are on Wall Street...and if he wasn't stimulated by billions and billions of taxpayer dollars, many of his holding would have gone broke......just like many of the private businesses have gone or are now going broke because there is no one their to stimulate or give them credit.

You don't hear Buffett protesting excessive executive public company compensation anymore....you don't hear Buffett talking about derivitives being financial weapons of mass destruction....

Basically you hear Buffett saying I got bailed out with Billions.....the heck with you, get over the fact main street didn't and America is shutting down.

Why should the private shopping center owner go broke but a public REIT have access to all the money it needs?

Buffett knows that mainstreet America and Public company America was both saddled with massive debt.......and now that only Wall Street got bailed out, mainstreet is dying.  It must DIE, because there is simply not enough NEW MONEY being created to service the EXISTING Debt.

EVERY AMERICAN SHOULD BE ABLE TO BORROW MONEY AT PRACTICALLY NO INTEREST, UNTIL THE BANKS START LENDING AGAIN.....BECAUSE IF THE BANKS ARE NOT LENDING, IT IS IMPOSSIBLE TO SERVICE THE INTEREST OF EXISTING DEBT.

And Buffett is telling America to get over it?  If EVERY American got billions like he did, my guess is most Americans would get over it.

5 Comments – Post Your Own

#1) On September 25, 2010 at 9:57 AM, alstry (35.03) wrote:

Citigroup gives pay hikes to top execs in stock

vs.

Bank Failure #127: North County Bank, Arlington, Washington

What happens when one gets bailed out and one doesn't......

Buffett gets bailed out and says get over it....? 

Why didn't the taxpayers get bailed out?

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#2) On September 25, 2010 at 10:36 AM, alstry (35.03) wrote:

As Buffett and his buddies get trillions......

Small Business continues to get the shaft.....get over it!!!!!

$30 Billion Offer No One Wants - Small Businesses Hit by Deflation

and that was supposed to be for ALL the small businesses in America...not even a fraction of the amount given to one bank.

Soon you will realize there was no BAILOUT....simply handouts to Washington and Wall Street and everything else gets hosed.

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#3) On September 25, 2010 at 10:43 AM, alstry (35.03) wrote:

THIS IS WHAT REALLY HAPPENS WHEN YOU GIVE HANDOUTS TO WASHINGTON AND WALL STREET AND CUT OFF CREDIT TO MAINSTREET AND STATE AND LOCAL GOVT:

http://www.dailyjobcuts.com/

GET OVER IT!!!!!

Credit is money...money is freedom....freedom is liberty.....

you only have freedom and liberty if you live in Washington or work for Wall Street.......because you have credit.

The rest......who gives a damn!!!!!

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#4) On October 01, 2010 at 12:11 AM, BillyTG (29.75) wrote:

Buffett and Munger have lost a lot of credibility with me the last couple years (not that they care). MF has traditionally hero-worshipped these types, so you have people all over the MF site idolizing their every word.

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#5) On October 02, 2010 at 10:47 AM, ultrapaz (30.36) wrote:

Thats a great point Alstry

 

Buffet + Munger are more like politicians than businessmen, they figured the easiest way to get and stay rich is to get you can't lose deals from the government. I don't know when his GS warrants expire but I hope they are worthless 

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