we won't enter into any contract that we think could cause me to lose five minutes of sleep if the DOW would go down 2,000 points tomorrow.

Given that a corporation is too big to fail does that imply that its executives are too big to go to jail, or to be horsewhipped in the public square as the people dance and cheer.

@GB3770

8 жыл бұрын

+american37 lol - i will give you that whip

@muhammadrazashahhash

8 жыл бұрын

+american37 daym thanks for changing my prespective

@zes3813

7 жыл бұрын

wrongx

@charliepeters4820

7 жыл бұрын

@ Zes, Care to elaborate?

@booyah685

7 жыл бұрын

american37 of course it does...money buys anything for the most part.

The word is Herald. Omaha World-Herald, one of a group of 63 midwest newspaper companies purchased off of Media General. Berkshire paid $142 million cash and loaned Media General (the part of the company that was left, that wasn't acquired by BRK) ~450 million at 10.5% interest. Just two years earlier Buffett told his shareholders: “for most newspapers in the United States, we would not buy them at any price” because “they have the possibility of going to just unending losses” and he didn't "see anything on the horizon that causes that erosion to end." No one understood it at the time. What we didn't know was that he also got the right to buy 5m shares in the remaining Media General company for a penny each. Media General today is worth about $20 per share, up from $4 back in 2011. Meaning the warrants alone are worth about $100 million. In addition, the debt loaned to Media General has been paid back, and Berkshire collected interest of 10.5% for years on that loan. Media General also paid another $44m to Berkshire as a condition of a later merger. The newspapers themselves were just a bonus.

@danieltrubman8203

7 жыл бұрын

Thanks, it was going to drive me nuts if I didn't know what he was talking about.

How can you blame the share holders lol. He only defends the banks because he is invested in them

4:50 I wish everybody in finance could say THAT!

What Warren says is not quite true. Bailouts are "free to the taxpayer" only if you forget the ongoing value of the "free" business insurance they received for years before. Business insurance (if companies had to buy it) is really, really expensive and the issuers add lots of "regulations" to the company.

you dont ask a guy that is too big to fail on what to do about people that are too big to fail, lol u just regulate the shit outta them...

@hellotherekononi3664

4 жыл бұрын

Our great president Reagan put the kabosh on regulations and when that sorry old fucker did, who got rich? Not the hard working blue collar worker, no the fucking crooks on Wallstreet. Reagan all the way up Obama are in Wallstreet’s back pocket. Jimmy Carter might not have the greatest president, but he was truly the last decent leader as a president and person this nation had.

Glass-steagal

Good to see Joe Kernan has always minced words the worst on CNBC and it is not old age...

My man WB

I hope we all learned from it..

@icyswordrain ya your statement makes a whole lotta sense Einstein, good job

As of 2014 Fannie and Freddie has not cost the tax payers anything either.

@243wayne1

Жыл бұрын

Hahahaha! BS!

A 21st century GLASS-STEAGALL

That clown said that the people were pissed but didn't really know why they understand they are pissed?

Warn buffet - Tax payers ???I didn't know about tax

The word is Harold?

@MrDurcon

8 жыл бұрын

Harold Hamm.

@243wayne1

Жыл бұрын

@@MrDurcon Wrong. Omaha World Herald.

I thought he said heroin.

@BCTification

4 жыл бұрын

me too.

Bitcoin has entered the chat

@solojam You are pretty confused I have to say....XD

Warren Buffett use to be my hero but he decided to keep his fame alive in capitalism you can lose money had Warren Buffett not blackmailed the taxpayer he would still be my hero

Yeah, but shareholders would have other investments, it wouldn't be their entire nest egg and the loss becomes a tax write off too. The average depositor in this bank had about $4 Million in their accounts, they still bailed out folks from Richistan. FDIC. Gov. and a little bit of Math. $174 Billion in assets divided by the 37,000 depositors that had more than $250K deposited, those below $250K are a small group and relatively insignificant since 93% of all deposits are above $250K . You look for some numbers and you do the math, pretty simple.