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I know Buffet has become a dirty word to some?
http://finance.yahoo.com/news/warren-buffetts-berk...
you can't deny his financial genius. He is now buying a stake in GM, adding to the time tested giant known as Berkshire Hathaway. If he is buying it, I shouldn't have to tell you about the companies prospects. Does this change or reaffirm anyone's stance on the bailout of GM?
9 Answers
- ingsoc1Lv 79 years agoFavorite Answer
Evil guy that has pledge to give all his money to charity by the time he dies
- ALLLv 59 years ago
Your right about Buffett, but do you understand that he had nothing to do with the GM purchase other than hiring someone who decided to purchase it?
Berkshire is a $200billion company. If Buffett buys a stock you will see the value in the billions. Buffett recently hired 2 people to invest smaller portions, and GM was very likely purchased by one of those.
Unlike the bank bailouts, the GM bailout was done at the expense of bondholders, stockholders, and most likely taxpayers. Many billions in debt was wiped off their balance sheet. That doesn't say anything good about the bailout. It would be amazing for them NOT to survive, given the way the bankruptcy was structured.
- regeruggedLv 79 years ago
Warren Buffett is good at finding bargains. If he starts buying GM stock, the price will start going up. He should stay out of politics.
- TonyLv 79 years ago
Buffet Still owes billions in back taxes
and GM has tax credits of 45 billion so little hard for them to lose money for a few years
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- Anonymous9 years ago
Of he course he's buying GM, they got 60 billion in free tax payer dollars. I still have yet to get a penny in tax money for my tiny business, in fact I pay out year after year.
- 9 years ago
Yeah... He ACTUALLY thinks rich people like Him SHOULD be taxed More... -Isn't THAT disgusting ?!! :o
Source(s): Where there's "dirt", - things Grow... :) - Anonymous9 years ago
"some" being the hate-filled repig party
repigs love money unconditionally--except when non-repigs have some
- Anonymous9 years ago
I say TAX THE RICH