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September 24, 2008 – Comments (5)

I always like reading Market Ticker.  I particularly like his style of telling it like it is with the bailout.

The last line in particular gets me...

Henry Paulson got $500 million personally out of this and Goldman Sachs paid out close to $50 billion in bonuses over the last two years alone.

 This money was never earned, it was stolen through fraudulent accounting practices and magestic conmanship.

5 Comments – Post Your Own

#1) On September 24, 2008 at 1:48 AM, dwot (28.95) wrote:

Pretty sweet deal on what Buffett gets buying Goldman Sachs...

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#2) On September 24, 2008 at 10:48 AM, mandrake66 (72.78) wrote:

The Yahoo headline reads "Buffet's Berkshire betting $5 billion on Goldman". The yahoos need to realize that Buffet almost never bets on anything. He plays with a stacked deck whenever he can, and certainly seems to be doing so here.

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#3) On September 24, 2008 at 10:50 AM, mandrake66 (72.78) wrote:

And of course that is Buffett, and he is the one enjoying the buffet.

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#4) On September 24, 2008 at 6:45 PM, dwot (28.95) wrote:

You said it...

These kinds of "deals" don't exist for retail investors.

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#5) On September 24, 2008 at 8:40 PM, pjani06 (28.62) wrote:

Amen, thanks dwot!

I've just recently got onto market ticker this past week. good stuff. 

Thanks for this blog post, inciteful, as always. 

Also, thanks for the support on my first blog entry on Monday.  Looks like news media is channeling attention this way; please provide some thoughts on a post I just put up minutes ago here: The bailout runs into a populist backlash - Los Angeles Times

provide some discussion / agree/disagree with my points if you care to, itd be much appreciated. 



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