Buffett backs Bail Out plan. Will this help it pass? - GoFuckYourself.com

OMG Jim · 10-02-2008, 11:28 AM

I know that there are many like myself that have followed America's leading investor Warren Buffett for many years and know that "When Buffett talks, people listen".

Since this whole economic bail out plan is more than most of us can fathom I decided to see what Mr. Buffett's take was on this whole thing and to say I was surprised was an understatement.

This guy has been one of the shrewdest investors America has ever seen but something tells me that his position on the bailout may be a way a swaying things in his favor versus being the best solution for the American taxpayers based on this statement from today's AP article... "Buffett says, he always tries to be greedy when others are fearful".

Of course when you have $31.2 billion cash on hand it's easy to be greedy

I've lost over 30% of the value of my kid's college mutual funds in the last two weeks and I just feel that it's time to do something.... but WHAT???

Here is today's article on Yahoo Finance. What do you think?

Link to article: http://biz.yahoo.com/ap/081002/buffett_economy.html
_

gornyhuy · 10-02-2008, 11:34 AM

You are correct, its time to do something.

BUY BUY BUUUYYYY!!!!

BUY LOW, don't sell low.

King of Queens · 10-02-2008, 11:40 AM

Could be true but he have too much credibility on the line at the same time.

He's in a powerful position and can help because when he talk people listen.

I think he has more than 30% of his kids college mutual funds to lose by pulling
a misleading enron move so to speak.

12clicks · 10-02-2008, 11:52 AM

he bought 5 billion of Goldman stock. of course he backs the bailout.
he's protecting his investment.

10-02-2008, 11:28 AM	#1
OMG Jim Confirmed User Industry Role: Join Date: Oct 2005 Location: Atlanta Posts: 3,153	Buffett backs Bail Out plan. Will this help it pass? I know that there are many like myself that have followed America's leading investor Warren Buffett for many years and know that "When Buffett talks, people listen". Since this whole economic bail out plan is more than most of us can fathom I decided to see what Mr. Buffett's take was on this whole thing and to say I was surprised was an understatement. This guy has been one of the shrewdest investors America has ever seen but something tells me that his position on the bailout may be a way a swaying things in his favor versus being the best solution for the American taxpayers based on this statement from today's AP article... "Buffett says, he always tries to be greedy when others are fearful". Of course when you have $31.2 billion cash on hand it's easy to be greedy I've lost over 30% of the value of my kid's college mutual funds in the last two weeks and I just feel that it's time to do something.... but WHAT??? Here is today's article on Yahoo Finance. What do you think? Link to article: http://biz.yahoo.com/ap/081002/buffett_economy.html _ __________________ ICQ: 254 914 537 - Skype: AlmightyJim

10-02-2008, 11:34 AM	#2
gornyhuy Chafed. Join Date: May 2002 Location: Face Down in Pussy Posts: 18,041	You are correct, its time to do something. BUY BUY BUUUYYYY!!!! BUY LOW, don't sell low. __________________ icq:159548293

10-02-2008, 11:40 AM	#3
King of Queens Confirmed User Join Date: Aug 2006 Location: Atlanta, Georgia ICQ 276-218-214 Posts: 1,288	Could be true but he have too much credibility on the line at the same time. He's in a powerful position and can help because when he talk people listen. I think he has more than 30% of his kids college mutual funds to lose by pulling a misleading enron move so to speak. __________________ Emails = $3.50 each \| girls gone wild \| Big Booty \| Big Booty Videos

10-02-2008, 11:52 AM	#4
12clicks Too lazy to set a custom title Industry Role: Join Date: Jan 2001 Location: God's right hand Posts: 19,800	he bought 5 billion of Goldman stock. of course he backs the bailout. he's protecting his investment. __________________ I'm not a dinosaur, I'm a crocodile. I've seen dinosaurs come and go and I'm left unimpressed.