Results 1 to 7 of 7

Thread: Buffett Says He Canít See Rationale for Bank Levy

  1. #1
    Educating the Ignorant
    zimmer's Avatar
    Join Date
    Dec 2008
    Last Seen
    Yesterday @ 08:29 PM
    Lean
    Conservative
    Posts
    14,335
    Blog Entries
    12

    Buffett Says He Canít See Rationale for Bank Levy

    Buffett Says He Can?t See Rationale for Bank Levy (Update2) - Bloomberg.com

    Obama announced a plan last week to impose a fee on as many as 50 financial companies to recover losses from the federal government’s Troubled Asset Relief Program. The levy would apply to firms with more than $50 billion in assets, including Wells Fargo and Goldman Sachs, two companies that Berkshire has investments in. It would exclude Fannie Mae and Freddie Mac, the government-sponsored mortgage lenders taken over by the U.S.

    “I don’t see any reason why they should be paying a special tax,” said Buffett

    Look at the damage Fannie and Freddie caused, and they were run by the Congress,” said Buffett. “Should they have a special tax on congressmen because they let this thing happen to Freddie and Fannie? I don’t think so.”

    “Most of the banks didn’t need to be saved,” Buffett said. “Including Wells Fargo.”
    Welcome to the club Warren... many don't see any reason for a lot of the damage the president has inflicted or has tried to inflict... if his goal is to have America and Americans prosper.


    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  2. #2
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    12-09-17 @ 11:30 AM
    Lean
    Conservative
    Posts
    13,026

    Re: Buffett Says He Canít See Rationale for Bank Levy

    'Bout time old Warren started distancing from Obama. Geez.

  3. #3
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    12-09-17 @ 11:30 AM
    Lean
    Conservative
    Posts
    13,026

    Re: Buffett Says He Canít See Rationale for Bank Levy

    Quote Originally Posted by Erod View Post
    'Bout time old Warren started distancing from Obama. Geez.
    May have spoken to soon. Report is surfacing that Buffet has announced his support of Geithner and Bernanke.

  4. #4
    Global Moderator
    The Hammer of Chaos
    Goshin's Avatar
    Join Date
    Mar 2009
    Location
    Dixie
    Last Seen
    Today @ 12:09 AM
    Gender
    Lean
    Independent
    Posts
    44,157

    Re: Buffett Says He Canít See Rationale for Bank Levy

    Quote Originally Posted by zimmer View Post
    Buffett Says He Can?t See Rationale for Bank Levy (Update2) - Bloomberg.com



    Welcome to the club Warren... many don't see any reason for a lot of the damage the president has inflicted or has tried to inflict... if his goal is to have America and Americans prosper.


    .
    Oh... WARREN Buffet. Nevermind.

    Fiddling While Rome Burns
    ISIS: Carthago Delenda Est
    "I used to roll the dice; see the fear in my enemies' eyes... listen as the crowd would sing, 'now the old king is dead, Long Live the King.'.."

  5. #5
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Buffett Says He Canít See Rationale for Bank Levy

    this ridiculous little refrain began with obama's highly touted BANK SUMMIT on december 14

    Obama: It's Time for Banks to Step Up - CBS News

    he basically told the bankers (whom the nite before on 60 minutes he referred to as "fat cats")---we bailed you out, you owe us

    LOL!

    what a whiney little bitch

    well, naturally the goldmans and morgans all ignored the gnat, several didn't even fly in for his face-to-face in the first place

    so a month later he comes up with this, his FINANCIAL CRISIS RESPONSIBILITY FEE (LOL!)

    from which he EXEMPTS (naturally) GM and chrysler and fannie and fred and other TOO BIG TO FAIL entities that HE is now accountable for

    his FCRF (LOL!) is pure improvisation, the glintiest germ of concept was not even yet a gleam in his greedy eye when he met the bankers IN DECEMBER

    he just makes all this garbage up by the seat of his size 32 pants

    in front of everybody

    completely improvisational, completely amateur

    and totally incoherent

    the upshot---THIS is obama's rationale: the banks won't lend as i've begged em to, SO I'LL TAX EM

    LOL!

    this bank tax he has now leapfrogged to the very top of his domestic agenda, now that all his favorite stuff is dead, health care, cap and trade, regulatory reform

    the most incompetent politician at the national level america has ever produced

    no vision, no plan, no unity of purpose

    just petty political reaction

    and small ball, at that

    a tax on banks---LOL!

  6. #6
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-09-17 @ 07:36 AM
    Gender
    Lean
    Conservative
    Posts
    76,237

    Re: Buffett Says He Canít See Rationale for Bank Levy

    Quote Originally Posted by Erod View Post
    May have spoken to soon. Report is surfacing that Buffet has announced his support of Geithner and Bernanke.
    I saw an interview with him and Gates where both praised the adminstration efforts to reign in the financial crisis, especially Bernanke.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  7. #7
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Buffett Says He Canít See Rationale for Bank Levy

    the president's impromptu pivot to populism---LOL!

    don't forget, this is the admin whose treas secty guaranteed in full all aig obligations, rewarding obscenely the most insider of fat cat friends

    then, as director of ny fed, geithner ordered the abundantly bailed out too big to dissemble before the sec

    obama the populist---what a phony

    he has a very low opinion of the american electorate

    Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

    NY Fed, AIG Emails Spark New, Bipartisan Criticism Of Geithner

    the bank tax holds ugly exemptions

    it will be seen as improvisational, ad libbed, fly by nite, ie, political

    it's rationale---to force banks to lend---does not hang together, even for dummies

    the most inept leadership modern america has ever suffered

    hang in, folks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •