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Buffett patriotism: he puts his money where his mouth is!
"Warren Buffett’s $5 billion investment in struggling Bank of America is the latest iteration of a business philosophy that you might call dollar patriotism.
Earlier this month, in an op-ed column in The New York Times, Buffett urged Washington in this period of “shared sacrifice” to stop coddling the rich, raise taxes on millionaires, and jack them up even higher for the mega-rich (anyone pulling in more than $10 million a year).
And now he is bucking up BofA and Wall Street and the country much as he did in the darkest days of the financial crisis."
Read more: Warren Buffett's Patriotic Bailouts - Business Insider
"Warren Buffett’s $5 billion investment in struggling Bank of America is the latest iteration of a business philosophy that you might call dollar patriotism.
Earlier this month, in an op-ed column in The New York Times, Buffett urged Washington in this period of “shared sacrifice” to stop coddling the rich, raise taxes on millionaires, and jack them up even higher for the mega-rich (anyone pulling in more than $10 million a year).
And now he is bucking up BofA and Wall Street and the country much as he did in the darkest days of the financial crisis."
Read more: Warren Buffett's Patriotic Bailouts - Business Insider