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alstry (36.24)

What Should We Cut Off Credit Next?

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September 28, 2010 – Comments (4)

Buffett and Munger say "suck it up" but they and their businesses get trillions in credit.

The bankers say their are doing god's work and they get trillions in credit and billions in bonuses.

The stock market is stable as Wall Street gets trillions in credit and all execs are happy.

Washington is telling you the recession is over and it gets trillions in credit.

We cut off real estate and it is crashing...

We cut off the consumer and they are crashing....

We cut off mainstreet and mainstreet is shutting down....

WHAT SHOULD WE CUT OFF CREDIT NEXT TO...

How about retirees?  Or Healthcare?  Or Education?  Or Cities, Counties, and States.....

How about all of the above......and watch America DIE as Buffett laughs all the way to the bank and tells you to SUCK IT UP!!!!

NJ Newark - 2,000 Possible Layoffs

City of Seattle - 200 Possible Job Cuts

The Indiana Department of Transportation - 30

St. Clair County - 15

Asheville Area Private Colleges Suffer with Economy

ONLY THOSE WITH ACCESS TO CREDIT LIVE.........AND BUFFETT AND HIS INVESTMENTS HAVE ACCESS TO AS MUCH AS THEY WANT....WHILE THE REST OF AMERICA IS GETTING CUT OFF!!!!!!

SUCK IT UP!!!!!!

4 Comments – Post Your Own

#1) On September 28, 2010 at 11:33 AM, wjmwestoak (< 20) wrote:

You have absolutely lost your mind.  You need professional help.  It is awful to be shorting this market right now for the long term.  Yep the second BULL market is on the way.  Look for you cap rating to sink into the low 20's.

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#2) On September 28, 2010 at 11:36 AM, alstry (36.24) wrote:

Seriously....what should we cut off credit next.....

Hospitals....Schools......maybe retirees?

The only reason the stock market is going up is because it has access to credit....have you seen how much the debt to public companies and the Federal Government has risen over the past few years.....

And Buffett hasn't said a word.....

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#3) On September 28, 2010 at 6:12 PM, JFund (47.40) wrote:

People who can use credit to its most productive uses get it.  Buffet and Munger are legendary capital allocators so they get all the credit they need.  Obviously, banks will be hesitant to lend to an unproven business.  If you were a bank, would you lend your own money to some obscure dot.com with no profits?

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#4) On September 28, 2010 at 8:15 PM, alstry (36.24) wrote:

The banks Buffett and Munger invested in were bankrupt....

just as bankrupt as any of the banks that we have shut down..

the only reason they survived and the rest failed was because they received a handout.....and the others didn't......

it had NOTHING to do with productivity.......

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