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View Diary: Tough Choice: If DOJ Prosecutes Wall Street, Banks Could Collapse (196 comments)

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  •  Warren Buffett should have his head examined? (0+ / 0-)

    He is the greatest investor in history and is heavily long Bank of America and Wells Fargo.

    My money is on him - not the lay people who can't read a balance sheet and have an axe to grind.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Wed Feb 06, 2013 at 05:51:40 PM PST

    [ Parent ]

    •  My point (2+ / 0-)
      Recommended by:
      Mike Taylor, JesseCW

      is that people who invest should be prepared to pay for the risks they take instead of asking taxpayers to bail them out.  

      Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

      by Betty Pinson on Wed Feb 06, 2013 at 07:17:29 PM PST

      [ Parent ]

    •  Likely, he figures the government (4+ / 0-)
      Recommended by:
      YucatanMan, Mike Taylor, JesseCW, cynndara

      will continue to protect them and help them out when the books look bad with cash and bizarre accounting rules. Not a bad calculation.

      Hey, speaking of books, in your expert opinion if I have a Mortgage Backed Security bought in 2008 for $1M, and the houses backing that MBS have lost 25% of their value since, would you buy that MBS for $1M? Or for much much more?


      Markos! Not only are the Gates Not Crashed, they've fallen on us. Actual Representatives are what we urgently need, because we have almost none.

      by Jim P on Wed Feb 06, 2013 at 07:45:41 PM PST

      [ Parent ]

    •  How much does Buffet have invested in politicians (3+ / 0-)
      Recommended by:
      Ray Pensador, cynndara, Mike Taylor

      who will decide whether or not to bail him out if his bets go bad?

      "I have often seen people uncivil by too much civility, and tiresome in their courtesy." Michel de Montaigne

      by JesseCW on Thu Feb 07, 2013 at 06:29:46 AM PST

      [ Parent ]

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