Buffett likens his managers to the 1929 Yankees.
Buffett is an Obamatron.
Though he's expressed concern about their behavior in recent weeks.
One of his Dream Team is reading Obama the riot act.
Not all is well in Mudsville.
Wells Fargo Assails TARP, Calls Stress Test ?Asinine? (Update2) - Bloomberg.com
This is Obama's America.When the U.S. Treasury persuaded the nation’s nine biggest banks to accept capital investments in October, it signaled the whole industry was weak, Kovacevich, 65, said in a March 13 speech at Stanford University in California. Even though Wells Fargo didn’t want the money, it must comply with the same rules that the government placed on banks that did need it, he said.
“Is this America -- when you do what your government asks you to do and then retroactively you also have additional conditions?” Kovacevich said. “If we were not forced to take the TARP money, we would have been able to raise private capital at that time” and not needed to cut the dividend to preserve cash, he said.
Kovacevich joins a growing list of bankers who are chafing at restrictions imposed by the TARP program,...
Contracts are "words... just words."
AIG.... Wells Fargo....
Marxists do not care about contracts.
They are meaningless.
They like retroactive rules.
Ask Clinton about the retroactive tax hikes.