Buffett invests 5B into BofA

jigwigpig

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http://www.google.com/hostednews/ap/article/ALeqM5j6K9B0XL62iOw2TGmXMftlWjXU0g?docId=e67b3dda353f40e68e85810e5bc81a36



Berkshire is investing 5B into BofA
 
Well stupid isn't really a clearly defined term. I would say that an investor that has made that much money is not a stupid investor.

Stupid how so?
 
he made the vast majority of his wealth and is now throwing his "ideas" like taxing the mega rich and their is economic light at the end of the tunnel around to try and build upon his legacy, usually his business ideas are sound but BAC is a joke outside of maybe the gov't won't let them go under.
 
Bank on the brink of closing? Taking out $20billion in daily rolling balances with the Fed just to stay afloat?

INVEST INVEST INVEST!

Yes, it's a good investment because the government will save them.....but that's not how the market is supposed to work and I'm sitting out of this bonanza
 
if buffet wants the mega rich to pay more he can go ahead and write them a check for how much he thinks he should, he could backtrack all of the difference he's made with his unfair tax breaks and pay them that amount.
 
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