[deMolay]

He is trying to lead the sheep back into the slaughterhouse with a bucket of oats. Read the 1929 Bankers Bailout.

[ReverseEngineer]

$this->bbcode_second_pass_quote('Gorm', 'N')o, the game never ends. It change forms, but does not never ever end untill we are extinct.

Life goes on and one has to adapt or die.

[Gorm]

I dont see it that way. There will not be "a next time" becuse in my wiew it will not stop. But, it will change a lot in the near future that seems given considering peak oil.

[sparky]

.

Nope it's going to be ghastly .

If there is a rebirth , it's going to be the same mistakes but grubbier and nastier


.

[mefistofeles]

I can't believe it Warren Buffet is losing his touch! He even his 130 million ounce silver position back in 06. This wasn't some shabby ETF he actually took delivery on 130 million ounces!

However back to topic I think Buffet is simply doubling down. Its basic poker, you can either walk away from a hand or double down. The market is the only one who can "call" your hand.

Buffet made the vast majority of his money on stocks, its hard not to see him trying to game the stock market somehow.

Is he right? I really doubt it, who knows maybe he can pull a rabbit out of his hat.

Despite what your investment advisor may tell you really are gambling with your money when you play in any financial asset market be it stocks,bonds or mutual funds.

By this interpretation Buffet is just placing another bet. Even if he walked away from the table he would be betting, betting that he couldn't do any better.

As Kenny Rogers song the Gambler goes:

Know when to fold'em
Know when to hold'em
Know when to walk away
Know when to run
You never count your money
At the table
There will be plenty of time for counting when the dealing's done.

[MrBean]

Life is not a game. It can be child's play, though.

[TheDude]

Kenny Rogers Jackass

[seldom_seen]

The article I read, regarding the Goldman thing says Buffett has a "right" to buy a certain amount of Goldman stock at a certain price over like 5 years.

As far as we know Buffet hasn't spent a dime on Goldman Sachs and he never will. The whole think stinks of a PR stunt by Goldman to say "Oh look, Buffett the super smart investor dude. He's confident in us...shouldn't you be? We're Goldman, we kick ass. Buffett likes us, shouldn't you?"

[mklkatreeandleaf]

The stock market is like a gambling institution, it is a legal way to fleece the commons, but when the common has all his pot in thebet, and half was the mortgage for the house, thn the knives come out, the rich guys will loose everything, the poor guys will loose everything, the government will come in with a new economic system and use this as the reason for a coup on the people and proclaim digital control of the world through the internet, and then the nuclear war will start

Russia willl NOT allow the US to take complete control of the world economy

this has already happpened.
The game IS over, but for the nuclear winter.

[VMarcHart]

$this->bbcode_second_pass_quote('ReverseEngineer', 'W')arren coughed up $5B of his digital wealth to Goldman in order to save his life...

[Tyler_JC]

Goldman is fine.

Our current secretary of treasurer was their CEO or COO for almost a decade.

He isn't going to let his friends lose their jobs.

[Cashmere]

With the SOS being Sack of Suds. This guy takes a long position in GS, which will only pan out if the bailout goes through, and then he threatens
$this->bbcode_second_pass_quote('', 'B')illionaire Warren Buffett told congressional negotiators that if they can't agree on a proposed financial bailout, the nation will face "its biggest financial meltdown in American history," two sources familiar with the talks said.

[DantesPeak]

Those supporting the bailout like Buffet, Gross, etc., have much to lose without the government bailout them out.

Since we found out today a main reason AIG was bailed out was because Goldman Sachs had $20 billion in CDS covering their debts, and so faced huge losses and a meltdown, it's not surprising for these guys to think that they will be bailed out too.

[cube]

I still have respect for Warren Buffett however he has definitely fell down 3 steps on the ladder in my eyes.

I don't have a problem with people who make their money by out-smarting the competition but this has nothing to do with "smarts". It is purely trying to capitalize on a situation by being in a "privileged position".
//
I think there should be NO bailout.

my 2 cents

[Novus]

Warren Buffet is a parasite that pretty much represents a lot of what is wrong with America. He is one of the TPTB I would like to see publicly hanged before the collapse.

[BigTex]

I respectfully disagree about Warren Buffet.

He has avoided debt while the rest of Wall Street has wallowed in it, so now he has cash when everyone else is broke.

GS called him about investing in GS. He liked the terms and he invested his company's money. That's what any investor would do.

I agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.

Buffet probably saved the government money by possibly preventing the collapse of GS (my opinion).

Buffet said the dollar was in trouble a while back.

He said ethanol didn't make any sense.

He's also been a long time advocate of paying more attention to the overpopulation problem.

He might be a closet doomer.

[Snowrunner]

$this->bbcode_second_pass_quote('BigTex', 'I') agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.

[Kristen]

$this->bbcode_second_pass_quote('Snowrunner', '')$this->bbcode_second_pass_quote('BigTex', 'I') agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.

[nobodypanic]

how about them cowboys?

[BigTex]

$this->bbcode_second_pass_quote('Kristen', '')$this->bbcode_second_pass_quote('Snowrunner', '')$this->bbcode_second_pass_quote('BigTex', 'I') agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.