Comments on: Warren Buffett No.5 On U.S. Bailout List

By: honey

honey — Wed, 29 Apr 2009 13:23:47 +0000

money runs like something no body knows… he being one of the richest men in the world i think he can help schorlaship…..
for people who are willing to further their education instead of investing in holy paul knows….
he is a good person so hope he gets to know this

By: AL

AL — Sat, 11 Apr 2009 03:46:24 +0000

Alex, Your right, but I try to comment when I see Berkshire unfairly criticized. (I also admit I am a shareholder) I’ll tell you why I get upset.

We’ve got corrupt politicians, stupid/greedy bankers, and ignorant borrowers.

Almost every large financial institution and insurance company has been devastated by whats going on (Merrill, Bear, Lehman, Citi, BAC, FNM, AXP, FHLMC, MBIA, AMBAC, Wachovia). Many of these companies will truly cost the taxpayers money. I fully admit that Berkshire has taken some hits, but given the situation, we should be praising it as a strong survivor in a brutal environment.

By: Alex

Alex — Wed, 08 Apr 2009 13:09:51 +0000

Al, its the internet. Of course there’s going to be stuff that’s not suppose to be published but at the same time, what can we do as individuals but separate the good from the bad.
The article is somewhat true, somewhat false. True, Berkshire is benefiting indirectly through Goldman. On the other hand, GS is to be among the first to repay that money back. Or at least that’s what they announced.

By: AL

AL — Tue, 07 Apr 2009 23:31:32 +0000

There are a lot of unflattering articles going around about Berkshire.
Of course Berkshire benefited from TARP, because its one the the biggest financial companies in the world.

You could turn this around by saying Berkshire’s investment of preferred stock in Goldman and GE saved the taxpayer money because these companies would have needed more TARP money without Berkshire’s investment.