So Buffett buys 5 BILLION bucks worth of BoA

[Red Flag]

Buffett's deal wasn't a bailout. It was created to attempt to instill confidence. In my opinion it was a failure showing BofA is in major trouble.

A government bailout is almost guaranteed at this point.

 

[*Pickles*]

You're right, rich people can't be idiots.

 

[Melissa Holubjowsky]

I'm talking about him buying goldmann sachs in 2008 for about 70 a share when it eventually fell below 30

I'm talking about his actual record. not suddenly calling him an idiot

 

[powershaker]

Noobs and OT merabers

Once they realize you can't do that, they start looking for indicators to make them mad moniez

 

[jacfenway95]

I already clarified that I feel he is a good businessman and a shitty economist. You guys really do worship rich investors huh?

 

[Bee :]]

Buffet is a smart investor, and for him should make good money. Insider trading? As i was reading this morning, Bank of America still appears destined for breaking apart. Their debts are enormous.

"America’s Largest Candidate for Bankruptcy"

http://www.moneyandmarkets.com/america’s-largest-candidate-for-bankruptcy-46993?FIELD9=1

 

[Flyinghorse]

I bet jew do

 

[Ernesto T]

Says the guy worth what, .000000002% of Buffet?

 

[Al A]

So rich = not an idiot?

 

[banksii]

Did you suffer a severe concussion recently?

 

[dried out hair girl]

$5 says I have more / make more $ than you do lol.

 

[damiannum1fan]

The Koch brothers provided a LOT of the funding that got the Tea Party movement started. They're extremely conservative, damn near libertarian in their views of government.

 

[GrnEyedGurl]

lol ok chimpo seriously

you are not durab. you know damn well that wealth doesn't directly correlate to your intelligence

 

[All_Time_Girl]

;143976089']he bought refereed stock with a 6% return, that sounRAB more like a loan than an investment

 

[MiiSS B3CK3Y C33]

They can be idiots, but just not when a huge banker like you calls him out.

 

[o0.yeah]

the price would plummet as buffett sells his shares because he has to find buyers for them

 

[Klive]

works in principle, but the insane nuraber of shares he owns makes trading like you're thinking about unworkable in the real world

 

[Eva T]

Not really.

 

[Umar Kazmi]

Basing a man's value on the size of his bank account

I feel genuinely sorry for people like you guys. Have fun with your money.

 

[Ryan]

As well as 700 million contracts valuing BAC shares @ 7.14 each.