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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?

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  • 9 years ago
    Favorite Answer

    Evil guy that has pledge to give all his money to charity by the time he dies

  • ALL
    Lv 5
    9 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.

  • 9 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.

  • Tony
    Lv 7
    9 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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  • Anonymous
    9 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.

  • Alice
    Lv 7
    9 years ago

    I have long been an admirer of Uncle Warren.

  • 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... :)
  • Anonymous
    9 years ago

    "some" being the hate-filled repig party

    repigs love money unconditionally--except when non-repigs have some

  • Anonymous
    9 years ago

    I say TAX THE RICH

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