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The Cannibalization At The Top Escalates: Sokol's (Re)Response To The Ukulele Master

Tyler Durden's picture




 

David Sokol's attorney Barry Wm. Levine fires right back, and it is now popcorn time.

“David Sokol is deeply saddened that Mr. Buffett, whom he considered a friend and mentor, would disparage him as he has done today. Neither Mr. Buffett nor the Audit Committee at Berkshire has requested to speak nor has spoken to Mr. Sokol since his resignation was made public by Mr. Buffett on March 30th. Mr. Buffett drafted the March 30th press release announcing Mr. Sokol’s resignation in cooperation with Mr. Charlie Munger and Mr. Ronald Olson both of whom are Berkshire Board Members. They know the law and they know the Berkshire policies. In that context, Mr. Buffett correctly declared Mr. Sokol’s conduct lawful and indeed was effusive of his praise of him. There is no new information or new fact which has become available to them since that press release was issued on March 30th. At no time did Mr. Sokol attempt to withhold information from Mr. Buffett, Berkshire Hathaway or the Audit Committee. Every question asked of Mr. Sokol on or prior to March 30th and any information requested of him has been provided. The Audit Committee report, which was prepared by the law firm of Munger Tolles & Olson contains errors and omissions, both of which could have been avoided if the Audit Committee had inquired of Mr. Sokol.

It is alarming that Mr. Buffett would be advised to so completely flip-flop and resort to transparent scapegoatism. After 11 years of dedicated and hugely successful service to various Berkshire Hathaway subsidiaries, Mr. Sokol would have expected to be treated fairly. That would have been in Berkshire’s interest.

Let me be clear about central facts: At no time did Mr. Sokol violate the law or any Berkshire policy. At no time did Mr. Sokol intend to personally profit at the expense of Berkshire or its shareholders. At no time did Mr. Sokol mislead or deceive. Such a conclusion would be wholly out of character and the Berkshire Board is keenly aware of that. At all times he faithfully discharged his fiduciary duties to Berkshire, a company he heroically served and continues to regard with reverence.”

Oddly this is an almost identical take to ours from earlier. The next Levine iteration will most certainly have an exhibit A which may or may not include Charlie Munger's BYD trade tickets, and/or who knows what other goodies.

Cannibalization at the very top is always so entertaining for the peasantry...

h/t Janet Tavakoli

 

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Sat, 04/30/2011 - 22:58 | 1224856 Dr. Porkchop
Dr. Porkchop's picture

 A travesty of a mockery of a sham.

Sat, 04/30/2011 - 22:59 | 1224861 Pool Shark
Pool Shark's picture

 

A travesty of two mockeries of a dozen shams...

 

Sat, 04/30/2011 - 23:14 | 1224887 Ahmeexnal
Ahmeexnal's picture

Jimmy Taggart and Bertram Scudder.

Sat, 04/30/2011 - 23:52 | 1224929 TruthInSunshine
TruthInSunshine's picture

OT Alert, but it's important - if already posted, my apologies (it's a Bloomberg article from April 27).

I wonder when the bulk of the media will notice that the crisis at Fukushima Daiichi is growing at a level consistently worse than even the debt/deficit/credit/default crises of sovereigns around the globe, or when they will report on it, if ever:

Radiation Readings in Fukushima Reactor Rise to Highest Since Crisis Began

Radiation readings at Japan’s Fukushima Dai-Ichi station rose to the highest since an earthquake and tsunami knocked out cooling systems, impeding efforts to contain the worst nuclear crisis since Chernobyl.

Two robots sent into the reactor No. 1 building at the plant yesterday took readings as high as 1,120 millisierverts of radiation per hour, Junichi Matsumoto, a general manager at Tokyo Electric Power Co., said today. That’s more than four times the annual dose permitted to nuclear workers at the stricken plant.

Radiation from the station, where four of six reactors have been damaged by explosions, has forced the evacuation of tens of thousands of people and contaminated farmland and drinking water. A plan to flood the containment vessel of reactor No. 1 with more water to speed up emergency cooling efforts announced yesterday by the utility known as Tepco may not be possible now.

Tepco must figure out the source of high radiation,” said Hironobu Unesaki, a nuclear engineering professor at Kyoto University. “If it’s from contaminated water leaking from inside the reactor, Tepco’s so-called water tomb may be jeopardized because flooding the containment vessel will result in more radiation in the building.”

Sun, 05/01/2011 - 00:27 | 1224961 cossack55
cossack55's picture

Please, we are too busy enjoying the unwinding of scumbags to be concerned about ELEs.  If we're going out, we want to be sure that scumbag, asshole and shit-for-brains precede us. Justice.

Sun, 05/01/2011 - 12:37 | 1225574 Josh Randall
Josh Randall's picture

+++

Sun, 05/01/2011 - 14:31 | 1225726 That Peak Oil Guy
That Peak Oil Guy's picture

A "top Japanese nuclear power expert and proponent" seems to think that three reactors have fully melted down.  That sounds so bad that I'm hoping he's suffering from dementia:

http://ex-skf.blogspot.com/2011/04/fukushima-i-nuke-plant-japan-nuclear....

http://ex-skf.blogspot.com/2011/04/fukushima-i-nuke-plant-ishikawa-of-jn...

TPOG

Sun, 05/01/2011 - 00:32 | 1224970 Ben Fleeced
Ben Fleeced's picture

Just Now this worries you? 

Sun, 05/01/2011 - 01:17 | 1225000 Michael
Michael's picture

Thanks for the update.

OT

I look forward the the US default on our national debt.

The rest of the planet will cut us off from trade with them and we will have to make everything we need and want right here between the Atlantic and Pacific oceans .

I'm a machinist and can make every part I need myself for my car or any appliance I need to have repaired. I'll be OK with a US bankruptcy.

Sun, 05/01/2011 - 01:50 | 1225021 ViewfromUnderth...
ViewfromUndertheBridge's picture

just a suggestion...

http://en.wikipedia.org/wiki/3D_printing

we'll all be machinists.

Sun, 05/01/2011 - 02:15 | 1225040 Michael
Michael's picture

Machinists can't be replaced for at least 100 more years. There are too many variables involved. I expect Machinists will be paid more that doctors after the collapse since there are so few of us.

Sun, 05/01/2011 - 09:09 | 1225260 snowball777
snowball777's picture

I can wait for a custom gasket one hell of a lot longer than I can wait for a transplant and you'd be surprised what an idiot can accomplish with CNC tools.

Here's another way of thinking about it: is it more likely that a doctor could pick up your skill or the other way around?

Sun, 05/01/2011 - 15:33 | 1225817 RichardP
RichardP's picture

With no machinist to create the tools, how is the doctor going to operate?

Sun, 05/01/2011 - 12:58 | 1225608 espirit
espirit's picture

Have a steam engine to run that mill? Or do you think there's no value in the aluminum/copper lines that run electricity to your place of business.

Unless you can do it all with a file/hacksaw/hammer. lol

Sun, 05/01/2011 - 08:53 | 1225250 Long-John-Silver
Long-John-Silver's picture

All that does is produce a plastic or wax part from which a mold can be produced. After several steps not worth getting into you have produced a pattern from which a sand mold or lost wax process will allow the part to be cast. This cast part will need to be machined.

Sun, 05/01/2011 - 10:18 | 1225347 Pool Shark
Pool Shark's picture

 

Yep, 3D printing (or 'stereolithography' as it was originally called) as well as 'selective laser sintering' is 'tres-cool' technology, but as Long-John points-out; the 'part' produced is a non-useable prototype. You still need to cast/machine the actual part, not to mention proper engineering/machining experience to design the part in the first place.

By way of analogy; does anyone think that with all the new medical technology/tools/equipment, we won't need trained surgeons anymore?... 

 

Sun, 05/01/2011 - 08:49 | 1225247 Long-John-Silver
Long-John-Silver's picture

I too am a machinist. I recently changed the labor rate in my shop.

 

Shop labor rate is 2oz Silver per hour.

If paying with US Dollars the conversion

rate is Silver spot + 10% exchange fee.

We accept Gold as well.

Sun, 05/01/2011 - 09:18 | 1225276 Thisson
Thisson's picture

That seems like a very high labor cost.

Sun, 05/01/2011 - 10:18 | 1225339 Kayman
Kayman's picture

2oz. of silver is about par for a machine shop rate.  You can double or triple that for specialists.

Sun, 05/01/2011 - 13:25 | 1225662 Plata con Carne
Plata con Carne's picture

The Harley dealer shop charges $90/hour ..

Sun, 05/01/2011 - 12:49 | 1225596 1000DOLLARsilve...
1000DOLLARsilvercrushthefeds's picture

I will second that! Har!

Sun, 05/01/2011 - 00:42 | 1224978 Mactheknife
Mactheknife's picture

Those are the guys.

Sun, 05/01/2011 - 01:24 | 1225010 knukles
knukles's picture

Or Jimmy Swaggart and Debra Murphree's udders

Sat, 04/30/2011 - 23:30 | 1224907 kinetik
kinetik's picture

+1

Sun, 05/01/2011 - 00:47 | 1224979 SparkyvonBellagio
SparkyvonBellagio's picture

FUCK THESE OLD A-HOLES! Grab your own piece of the World and don't believe what these PONZI CONFIDENCE MEN TELL YOU.

The A-Holes of Omaha and the Lizards of Lincoln.

Nebraska where the corn is tall and the Tales are Taller.

They're HERE TO STEAL YOUR MONEY. PERIOD.

Bring it on Old Man/Men/PHUCKING FRAUDS!

GOT TARP?

Oh you do don't you?.... yeah and otherwise you'd be BUSTED BROKE.

 

 

 

Sat, 04/30/2011 - 23:01 | 1224862 Oh regional Indian
Oh regional Indian's picture

Can-eyeball-ism! The smell of a rump-roast in the AM (here in India anyways).

These are early steps in the take down of the system.

Who can you trust anymore, ehhhh? Not even sanguine sages who play you like a you-ke-lele! Off with their heads.

ORI

Sun, 05/01/2011 - 00:52 | 1224983 i-dog
i-dog's picture

"you-ke-lele"?

He spelled his name 'U K Le Lee' at the bottom of O'bomber's joke [Hawaiian] birth certificate. Get the joke? LOL!

http://www.whitehouse.gov/sites/default/files/rss_viewer/birth-certificate-long-form.pdf

The administration is now treating you with absolute contempt, folks!

Sun, 05/01/2011 - 01:27 | 1225015 knukles
knukles's picture

You mean Uncle Warren signed O's birth certificate?!?!?!

Sun, 05/01/2011 - 02:26 | 1225047 Moe Howard
Moe Howard's picture

I can't find linda green's sign off on that birth certificate. WTF?

Sun, 05/01/2011 - 04:23 | 1225099 Oh regional Indian
Oh regional Indian's picture

Holy smackarell. it is a joke. A con.

Good i-dog. Good i!

The farce is on, may the force be with us.

ORI

Sat, 04/30/2011 - 23:01 | 1224864 mcarthur
mcarthur's picture

Careful.  The last time everyone questioned Buffett was NASDAQ 5000.  You recall all those young pups stating he has lost it for good? 

Sat, 04/30/2011 - 23:04 | 1224866 Long-John-Silver
Long-John-Silver's picture

When you resort to cannibalization do not eat the brain or spine. Doing so could cause the shakes.

Sat, 04/30/2011 - 23:22 | 1224896 Pool Shark
Pool Shark's picture

 

A group of cannibals is busy boiling several missionaries alive when they are approached by the chief of their tribe.

The chief demands: "Why are you boiling these missionaries? They're friars."

 

Sun, 05/01/2011 - 01:35 | 1225017 knukles
knukles's picture

What do you get if you insert human DNA into a goat?

Banned from the petting zoo.

Sun, 05/01/2011 - 12:51 | 1225599 snowball777
snowball777's picture

Heavy petting zoo.

Sat, 04/30/2011 - 23:05 | 1224872 Seasmoke
Seasmoke's picture

Jump you fuckers

Sat, 04/30/2011 - 23:49 | 1224926 Bolweevil
Bolweevil's picture

Harumph!

Sat, 04/30/2011 - 23:14 | 1224882 Twindrives
Twindrives's picture

Buffet and Munger, two dinosaur turds who don't pay taxes and send huge political donations to Soetoro.   Just croak already you corrupt old bastards.      

Sat, 04/30/2011 - 23:58 | 1224935 Bananamerican
Bananamerican's picture

are you engaging in "scapegoatism"??

Sat, 04/30/2011 - 23:14 | 1224886 Atch Logan
Atch Logan's picture

So now the guys that destroyed the Nation are going after each other. Both sides have hidden  piles of gold, and they don't give a shit about anything but their own asses, anyway.

For them, let the good times role, while the rest of us watch on bread and beans.

Sat, 04/30/2011 - 23:28 | 1224904 CPL
CPL's picture

Couldn't tell you enough I told you so.

 

/b/rothers doesn't matter if most of you are with power by weds.  While nut sacks were concertrating on the PSN crap, the real pirates were finding the holes in other things.

 

This shit is done.  Star/Stuxnet was a fun play time.   The holes offered were to be a given of what they idiots couldn't patch.  Weds is a good day for humanity on a count down.   The Yanks and the Hens built it.  They have the counterreaction...but they don't.  Like the nuke.  Unlike the nuke, It's sitting in PSN, XBOX and WII..and their dumb fuck wifi devices like Blackberry....It's in your exchange server...right now.

 

kiss kiss...bang bang

 

Sat, 04/30/2011 - 23:44 | 1224917 Dapper Dan
Dapper Dan's picture

I am intrigued,  please continue.

Sat, 04/30/2011 - 23:50 | 1224927 bankonzhongguo
bankonzhongguo's picture

Will my beer stay cold?

Sun, 05/01/2011 - 00:00 | 1224939 Bananamerican
Bananamerican's picture

translation?

chickens nukes and stuxnet holes?

.Does this have anything to do with the old guy i once overheard muttering, "...abe lincoln on a ham sandwich..."??

Sun, 05/01/2011 - 00:31 | 1224966 cossack55
cossack55's picture

Please don't disappoint. I look forward to the future.

Sun, 05/01/2011 - 12:54 | 1225600 snowball777
snowball777's picture

Merlin looks back.

Sat, 04/30/2011 - 23:38 | 1224915 Timmay
Timmay's picture

Fire up the Predator Drones.......

Sat, 04/30/2011 - 23:47 | 1224922 Sub Dude
Sub Dude's picture

LMFAO - Billionaires crapping on the mere Millionaires.

But the lawyer says that Sokol "heroically served"? I think that is a hyperbolic melt-up of Chernobyl-esque dimensions. Maybe you could say that about Pat Tillman, and many of the other soldiers wounded in battle - but a millionaire-low-life-insider-stock-trading-awhole whose hardest decision was probably whether to take his family on vacation in the Dassault 7x or the Gulfstream G550? Let's just say that I will allow the phrase "heroically served" to be applied to Sokol after he has successfully committed seppuku. These folks are no different from the French royalty of 1789. For a little background:

"Louis XVI ascended to the throne amidst a financial crisis; the state was nearing bankruptcy and outlays outpaced income."

Sound familiar so far?

" The absolute monarchy that had ruled France for centuries collapsed in three years."

How many years have we been in the "Great Recession"?

The Corpocracy (http://www.amazon.com/Corpocracy-Business-Roundtable-Hijacked-Greatest/d...) has become a monarchy that needs to be - in their own euphemistic lingo - "downsized" - with or without the guillotine.

Sat, 04/30/2011 - 23:53 | 1224932 topcallingtroll
topcallingtroll's picture

Lmao too. Good job.

Sun, 05/01/2011 - 00:32 | 1224968 cossack55
cossack55's picture

I'll have that with the guillotine, please.

Sat, 04/30/2011 - 23:55 | 1224930 alexwest
alexwest's picture

Warren Buffett once said: "You only find out who is swimming naked when the tide goes out

he he he .. so WE DO 'WILL SEE'

ALX

Sat, 04/30/2011 - 23:54 | 1224934 Timmay
Timmay's picture

Isn't it rich? Isn't it queer? Losing my timing this late In my career? And where are the clowns? Quick, send in the clowns. Don't bother - they're here.

Sun, 05/01/2011 - 01:13 | 1224936 topcallingtroll
topcallingtroll's picture

.

Sun, 05/01/2011 - 00:11 | 1224941 AccreditedEYE
AccreditedEYE's picture
The power of the Bernank is growing. The Bernank will use his puppet Geithner to destroy the people of the United States. Fiat has been unleashed. The Eye of the Bernank now turns to the Middle Class, the last free path of upward mobility. His war on this country will come swiftly. He senses reality is close. The strength of free markets is failing. In his heart, Ron Paul begins to understand. The quest will claim his life. You know this. You have foreseen it. It is the risk we all took. In the gathering dark, the will of the Bernank grows strong. It works hard now to find its way back into the minds of Joe six pack. Joe-six-pack, who is so easily seduced by his easy credit. The Bernank is close now, so close to achieving his goal. For the Bernank will have dominion over all life on this Earth, even unto the ending of the world. The time of the middle class is over. Do we leave the United States to its fate? Do we let them stand alone?
Sun, 05/01/2011 - 01:09 | 1224991 i-dog
i-dog's picture

+1

Apart from mistakenly ascribing responsibility to The Bernank, rather than to the shareholders whose orders he dutifully follows, that is a DEADLY accurate summary of what is going down! [pun intended]

Sun, 05/01/2011 - 02:33 | 1225050 Moe Howard
Moe Howard's picture

That's why the Bernank is so nervous and shaky in public. He is like the hat on a stick you raise from cover to see if draw fire from the other guys. Just another front man for the puppetmasters behind the curtain.

Sun, 05/01/2011 - 05:09 | 1225127 StychoKiller
StychoKiller's picture

The precious takes cares of those tricksy banksterses...

Sun, 05/01/2011 - 00:11 | 1224944 tempo
tempo's picture

This is so simple to understand. Deficits fund US consumption which is supplied by domestic Corporations who produce the goods in underdeveloped countries where they can exploit labor and pollute the environment. This is capitalism. This is no different from the 19th century British empire and the slave trade. Corporations are enslaving the US citizens and foreign workers and the elite families of the world control 99.9% of the wealth. This will not end peacefully. MCD hires 60,000 for part time overnight minimum wage work but rejects 930000 applications. Something is very very wrong.

Sun, 05/01/2011 - 00:28 | 1224963 Ben Fleeced
Ben Fleeced's picture

Epic Econ 101 fail! You should work on growing pubic hair.

 

Sun, 05/01/2011 - 00:33 | 1224972 cossack55
cossack55's picture

Yes. That there are 930k amerikans who can't flip a burger, fry a fry or make change is worrisome.

Sun, 05/01/2011 - 12:58 | 1225607 snowball777
snowball777's picture

Lazy paraplegics loafin' around all day.

Sun, 05/01/2011 - 01:04 | 1224948 michigan independant
michigan independant's picture

Gen X has your back with trillion's of mind altering reasons to watch it burn. Still we will fight for the letter born in blood of our Father. The time of the middle class is over. I will fight for my Brothers. They know who they are. We are not blind...

http://www.youtube.com/watch?v=FXbmG6WLu9I&feature=related

Yes we know the sign's

http://www.youtube.com/watch?v=41d-vFc76mY&feature=related

many warned

http://www.youtube.com/watch?v=9TDgkOOlbwg&feature=related

every man did that which was right in his own eyes. We have not hit bottum since liberty is paved with justice. Take a look around. The young and the old are my life. Pray for a good season for the Harvest

 

Sun, 05/01/2011 - 01:06 | 1224995 topcallingtroll
topcallingtroll's picture

If anyone is curious what the writings of someone suffering from schizophrenia look like then click on his name and review his other writings. This is word salad, thought derailment, or loosening of associations, or the most commonly used phrase today.....disorganized speech and thought processes.

Sun, 05/01/2011 - 01:14 | 1224999 michigan independant
michigan independant's picture

saturday night relax..

Sun, 05/01/2011 - 01:18 | 1225001 topcallingtroll
topcallingtroll's picture

Nothing personal you are no doubt a nice guy.

Sun, 05/01/2011 - 09:35 | 1225290 Hephasteus
Hephasteus's picture

Have you ever been in a group during a mecury retrograde? Or have you ever noticed how people connect on various wavelengths? In the internet you can do very long wave neptunian communications and schizophrenia is very much allowed there. People will tend to connect to each other either mentally or emotionally or sexually. All involve different phased communications. You can also focus in and make connections singular to planets. Like my niece is very strong uranian and I can feed her so much uranus excitement energy that she would literally have an accident because she would lose control over her self and run into something or fall off of something.

You can get to know people in long distance communications which subdues mecury and then meet face to face and changes dynamics of what is discussed and how because it brings in shorter wavelength personal planets. ADD is not a mental problem it's a type of thinking either uranian or neptunian. Schizophrenia in severe states is disturbing and I've been around severe schizophrenics. Because it's just a severe advanced desire to connect but in a very defensive way.

What I guess I'm trying to say is if you think that's schizophrenia then you don't have any understanding of contiuums of operation. Until you can meet someone who will plant schizophrenia at -11 on the volume knob and then rip the knob off. I give that -1 on the schizophrenia continuum gradient.

Sun, 05/01/2011 - 15:00 | 1225779 bbq on whitehou...
bbq on whitehouse lawn's picture

The greatest discovery in life is learning just how "bat shit crazy" you really are.

Hint: your cat, dog, fish and even your local squirrel are rationale and sane.

Sun, 05/01/2011 - 00:15 | 1224953 Ben Fleeced
Ben Fleeced's picture

That's how Warren rolls. One day on Farnum his John Deer will roll over him. Thank you Grandfather for telling me to ignore this scum of a man and do the right thing. I wish you could see what your new cancer wing is accomplishing.

Sun, 05/01/2011 - 00:22 | 1224958 Korbin Dallas
Korbin Dallas's picture

Benevolence attributed and accorded to the old man are finally found unfounded: the young turks surrounding him have evidently revealed the limits of a billionaire's boy's club policy on ethics.

Sun, 05/01/2011 - 00:30 | 1224964 JR
JR's picture

Barry Wm. Levine’s fireback is zip nada. There’s nothing in it.

Now that we’ve established David’s unerring, dog faithful life as fiduciary servant to Berkshire’s clients, it’s almost unimaginable that he would have been asked to leave.

If these statements are true, I don’t see how the Sage of Omaha can resist opening his arms and welcoming him back, tears staining his alpaca sweater, falling on his diet Coke.

Sun, 05/01/2011 - 00:35 | 1224974 cossack55
cossack55's picture

Death by Aspartame would be appropriate.

Sun, 05/01/2011 - 10:27 | 1225363 Kayman
Kayman's picture

Greetings JR

 

This Sokol/Buffett/Munger affair has the stench of Honor Amongst Thieves.  Someone took a little more than their perceived fair share of the plunder.

Sun, 05/01/2011 - 13:00 | 1225611 snowball777
snowball777's picture

They drew straws and it was decided that Sokol be the "Buffet Munger" this time around; that he's turned on his master is only evidence of the megalomania rampant in the industry.

 

Sun, 05/01/2011 - 13:59 | 1225699 JR
JR's picture

Greetings, Kayman. It makes my days to see you amongst the populace here.  I’ve missed your voice.

At yesterday’s Berkshire stockholder meeting, Buffett said that he was considering someone new to step into his shoes (post-Sokol). “I would lay a lot of money,” he said, “on him being straight as an arrow.”

 Honor among thieves now means everybody carries a sheaf of arrows and a tomahawk.

Sun, 05/01/2011 - 01:04 | 1224990 Sub Dude
Sub Dude's picture

Thinking out loud - what type of populist action would get the attention of the millionaire execs and their politician lapdogs? Something that would be simple to scale across the country and coordinate to a common date and time. I'm not talking anything illegal - but something that would show that 'we the people' are really sick and tired of 'business as usual'. Not a protest march, something even simpler, but something that will kick a big corporation in the balls. It may require voluntary austerity, but I think we could handle it - hell we are going to get involuntary austerity at this rate anyway.

 

What if no one in the country bought a certain common product for a week? Something we can do without, but something that normally has a big volume. A gas strike, for instance - but many people need gas to get to work and school. Boycott MickieD's for a week? Do we have enough will power to do that? It would be something that TV news could get a story from - nobody in the place morning, noon or night for a week. Hell, the exec's might have to cut their bonus by a few pennies. Or maybe don't buy any Coke products for a week? Buffett owns a lot of Coke stock - maybe he would get a clue.

Just a thought - talk among yourselves and come up with better ideas - maybe by July 4 something big could happen…

 

Sun, 05/01/2011 - 06:54 | 1225004 i-dog
i-dog's picture

"What if no one in the country bought a certain common product for a week?"

Pissing into the wind!! (and the wind is currently at Force 4 on the hurricane scale ... going Force 5 by mid next year)

The only way out now is for a mass defection from their system (federal government-->global government) to our system (local government-->personal responsibility) ... through the 10th Amendment, or outright secession by a number of key states.

Sun, 05/01/2011 - 07:06 | 1225187 anony
anony's picture

Secession of key states would be a possibility, but one likely to fail and even if successful----considering what Lincoln and Davis did with far less people in the country in the 1860s, the outright slaughter of millions, to get those states forcibly back in to the union----there is the problem of a defense dept that is owned lock, stock and barrel, by the Elite. 

And they aren't likely to turn over the keys to the Blackhawks, S to A missiles, and the armory without a fight.

Better to just blow up some KEY people.

Sun, 05/01/2011 - 02:06 | 1225029 ViewfromUnderth...
ViewfromUndertheBridge's picture

buy silver, take delivery

Sun, 05/01/2011 - 02:36 | 1225056 Moe Howard
Moe Howard's picture

Get with the program. I have been boycotting mcdonalds and coke for months. Remember coke makes water and other beverages too, so make sure you only purchase local no name brands. The bigger the brand, the less you should buy it. Starve the beast. Same with banks.

Sun, 05/01/2011 - 07:00 | 1225182 anony
anony's picture

If you don't want to do anything illegal then just go home, and I say that with all due respect. The time has long passed for civil, strategic, and legal nostrums.

It is even too late for the most drastic techniques such as assassination, domestic terrorism, militia-oriented solutions.

But, should there be someone out there with a short time to live but otherwise in great shape with some para-militaristic skills, contacts in the psy-ops arena, and willingness to sacrifice his or her life for the people, there are several targets on Wall Street and the general neighborhood, and even more in the political arena that have left the stage like Dodd, Cox, Rubin, Paulson (H) some living abroad like Cassano, and current incumbents like Frank, Geithner, theBernank, and their henchpersons that, if taken out with extreme prejudice might be enough to turn the tide.

Sun, 05/01/2011 - 13:50 | 1225690 Plata con Carne
Plata con Carne's picture

Snake Plisskin, bitchezzz!

Sun, 05/01/2011 - 07:06 | 1225185 Minimum Clearance
Minimum Clearance's picture

Most effective way to get their attention and to weaken them is to make fun of the bastards.  No need to organize or coordinate anything, just mock them, poke at their pretensions.  Delegitimize them.

Sun, 05/01/2011 - 13:28 | 1225663 Hacksaw
Hacksaw's picture

Bingo, the elite is rife with charlatans. Look charlatans up, it doesn't mean what you probably think. Message boards are rife with them too and all that's needed to defeat them is to out them for the mountebanks they are. Once the majority realize they aren't the experts they claim to be then their importance goes away.

 

 

Sun, 05/01/2011 - 13:57 | 1225695 Plata con Carne
Plata con Carne's picture

What about plastering banks with Banzai's art? Does he use them, or are they personal just for fun?

Sun, 05/01/2011 - 01:11 | 1224992 Milton Waddams
Milton Waddams's picture

Buffett's scam is EZ game.  Buffett is on record saying he pumped money into Government Electric and Government Sachs based on the premise that the Federal Government would the bail out the system (otherwise, in the suicide king's words, BRK's money was headed for the mattress).  My timeline may be a bit fuzzy, but he also started a major PR campaign casting the crisis as a "economic Pearl Harbor" just before or soon after 13(3) was invoked and TARP.  

In other words, Buffett was front running the government and Fed.  At worst he knew ahead of time what was in store, at best he "talked his book" and the herd was influenced to act on the advise of the "greatest investor" of the bubble age.

Sun, 05/01/2011 - 01:11 | 1224997 topcallingtroll
topcallingtroll's picture

As i mentioned below, if anyone is curious about how to identify someone suffering from schizophrenia by his writing style then click on michigan independent and read his writings.

I believe one other person has commented about it too. This is the disorganized or undifferentiated form.

Sun, 05/01/2011 - 02:06 | 1225031 ViewfromUnderth...
ViewfromUndertheBridge's picture

should mention he is amongst friends

Sun, 05/01/2011 - 01:18 | 1225003 Mineshaft
Mineshaft's picture

I am gonna bet the guy with the $55 beans wins this one .... just a hunch

Sun, 05/01/2011 - 01:20 | 1225005 mt paul
mt paul's picture

most these wizards of wall st 

should have their MBA degrees revoked, 

for lack of ethics and moral fortitude... 

they have traded their honor 

for more ill gotten gain ..

Sun, 05/01/2011 - 07:52 | 1225211 vocational tainee
vocational tainee's picture

It`s predators at the feed.

Sun, 05/01/2011 - 01:28 | 1225013 glenlloyd
glenlloyd's picture

This will be interesting to watch. I hope Sokol has collected a huge CYA folder of nasty little indiscretions to reveal.

Sun, 05/01/2011 - 01:48 | 1225022 TruthInSunshine
TruthInSunshine's picture

Gee, I wonder if Buffet's next quarterly report will show he's divested Berkshire of many, many shares of many, many banks (the kind that Buffet would have gone to the big goose egg on if he hadn't had Paulson, Geithner, Bernanke & Obama's ears on when designing TARP/Maiden Lane(s)/TALF/QE-POMO).

Gee, hmmm...

04-30 18:04: Buffett says U.S. banks are less attractive as profits decline, Bloomberg says

 

Sun, 05/01/2011 - 02:12 | 1225035 Jason Bourne
Jason Bourne's picture

Hopefully somewhere in this Munger will get fucked.  He is a prick.  He will enjoy his time in prison, where he should just suck it up - asshole.

 

Buffet - started well, had some great ideas, then grew big enough to become a fucking insider prick oligarch.  Fuck him now too. 

Two old fucking assholes like Mortimer and his asshole brother in trading places.  We will see how it goes for them.

 

May the collapse happen in such a way that even normal Americans can see who is really responsible.

Sun, 05/01/2011 - 02:16 | 1225039 blunderdog
blunderdog's picture

This is such a nice story.

If I had to choose between a burning pile of dogshit and a pus-covered roll of concertina wire, I know what *I'd* pick.

Sun, 05/01/2011 - 02:18 | 1225042 Rick64
Rick64's picture

Sokol's (Re)Response To The Ukulele Master

Good one!

Sun, 05/01/2011 - 03:27 | 1225071 carbonmutant
carbonmutant's picture

That was my first response too...

I'm givin' Tyler a bunch of stars for that one.

Sun, 05/01/2011 - 06:52 | 1225175 Miss Expectations
Miss Expectations's picture

Dueling Ukuleles in Omaha.  Weird.

Sun, 05/01/2011 - 03:29 | 1225073 SunBlaster
SunBlaster's picture

I still can't get over the fact that Sokol would jepordize his future @ Berkshire for a misely $3 million?!?!? I think we are missing something in this story.

Sun, 05/01/2011 - 03:50 | 1225089 Seymour Butt
Seymour Butt's picture

You totally nailed it. Hopefully, someday we'll know the whole truth.

Btw, your avatar is awesome.

Sun, 05/01/2011 - 05:50 | 1225150 DollarDive
DollarDive's picture

Simple answer : GREED!

Sun, 05/01/2011 - 08:29 | 1225230 Use of Weapons
Use of Weapons's picture

If there's competition for the top spot, I always look at who isn't saying anything, but whose stock keeps on rising.

Neither of them are getting good PR out of this, and if I were a smart player, I'd be quietly positioning myself as an untainted 'voice of reason / stability' to take over as the dust of the scrap started rising & investors got nervous.

This could also all be just smoke n mirrors for a pre-arranged deal, you'd have to check the lawyers' progress / stances to see if it'll get into an actual bun fight.

Sun, 05/01/2011 - 05:49 | 1225149 DollarDive
DollarDive's picture

Let's get all the trade tickets into the public record.  Let's see what Charlie's cousins, nephews, family trusts have been investing in ? How about all the sham 501c3's that are run by Buffetts relatives ? What and when were they buying, prior to deal announcements ? Did they pickup Goldman "on the cheap" before Sir Warren strode in to bail them out after the US government supported the bond market to keep all the insurance fraudsters in business ? 

Sun, 05/01/2011 - 06:39 | 1225169 Wakanda
Wakanda's picture

Jiffy Pop on the stove!  It's kinda like Jurassic Park, dinosaurs hunting and eating each other.

Sun, 05/01/2011 - 06:52 | 1225172 anony
anony's picture

This should be in Large Caps, printed on the front page of the WSJ, lead the mast on every financial rag in the world, and put on the electronic news boards everywhere:

 

"Let's get all the trade tickets into the public record.

"Let's see what Charlie's cousins, nephews, family trusts have been investing in ? How about all the sham 501c3's that are run by Buffetts relatives ?

"What and when were they buying, prior to deal announcements ?

"Did they pickup Goldman "on the cheap" before Sir Warren strode in to bail them out after the US government supported the bond market to keep all the insurance fraudsters in business "?   (attrib: DollarDive)

Sun, 05/01/2011 - 10:17 | 1225337 Problem Is
Problem Is's picture

+11111

Excellent suggestion. A little sunlight on Uncle Scamster and the crew...

Sun, 05/01/2011 - 08:13 | 1225221 slewie the pi-rat
slewie the pi-rat's picture

my dog has fleas

Sun, 05/01/2011 - 10:08 | 1225329 americanspirit
americanspirit's picture

The Hathaway goy had a patch over one eye. Early on Buffet was telling us that in the land of the blind the one-eyes man is king. He made it happen too. Uncle Warren has a subtle sense of humor.

Sun, 05/01/2011 - 10:11 | 1225330 americanspirit
americanspirit's picture

The Hathaway goy had a patch over one eye. Early on Buffet was telling us that in the land of the blind the one-eyes man is king. He made it happen too. Uncle Warren has a subtle sense of humor.

Sun, 05/01/2011 - 10:11 | 1225332 Problem Is
Problem Is's picture

"Let me be clear about central facts: At no time did Mr. Sokol violate the law or any Berkshire policy."

Translation: Mr. Sokol skimmed and scammed like the rest of the US taxpayer bailout teat sucking parasitic tools at Berkshire... So, what's the problem?

Sun, 05/01/2011 - 11:07 | 1225423 buzzsaw99
buzzsaw99's picture

Translation: Mr. Sokol skimmed and scammed like the rest of the US taxpayer bailout teat sucking parasitic tools at Berkshire... So, what's the problem?

 

and that after causing the problem in the first place via moody's wfc et al so they are dirty as sin.

Sun, 05/01/2011 - 11:04 | 1225415 Stochdoc
Stochdoc's picture

Where was Berkshire's compliance department.  Either these guys don't follow standard industry reporting rules or there is a huge coverup.

Sun, 05/01/2011 - 11:31 | 1225464 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Uncle Warren is a paragon of virtue, savior of capitalism in the Western World, the Oracle of Omaha for Christ's sake, he might as well be the maker of the heavens and earth or all that is seen and unseen ... er ... or at least the buyer of all that is seen and unseen ... or maybe the trader of all that is unseen. Hmmm. Well, he is super rich, he's got that going for him.

Sun, 05/01/2011 - 11:42 | 1225482 London Dude Trader
London Dude Trader's picture

"heroically"

Sun, 05/01/2011 - 11:41 | 1225483 tradewithdave
tradewithdave's picture

Technically, it's not cannibalism if it's goat meat.  Looks like there could be a bidding war between Reef Brazil flip flops and Switchflops to hire a new spokesperson.  Who looks better in sandals, Becky Quick or Charlie Munger?  It appears that Warren is exempt from being a spokes-model as he may be courted by the national dairy goat association for scapegoating.... "Got Goat's Milk?" campaign should be a big hit.  

We've set up a Jamaican Berkshire Buffett that's sure to get your goat without being jerked like a chicken.

http://tradewithdave.com/?p=6186

Dave Harrison
www.tradewithdave.com

Sun, 05/01/2011 - 12:25 | 1225559 PulauHantu29
PulauHantu29's picture

I hope they make a movie about this Buffet-Sokol "social" interaction with The Biffet featured on the Uke and Sokol playing his Fiddle.

"You sow what you Reap" I read somewhere years ago.

Sun, 05/01/2011 - 12:47 | 1225591 disabledvet
disabledvet's picture

I have encouraged through various channels Andrew Ross Sorkin to "storm in to Buffet-stock" and "confront no less than Buffet himself with demands to know if he made his (10's) of billions via front-running."  I also have it on good authority that "the billionaire next door" will have a very playful answer for the young man "as is his style."  I have been informed also that "one wrong (right?) move out of Sorkin and HQ is gonna... 

Sun, 05/01/2011 - 15:34 | 1225822 Silver Bug
Silver Bug's picture

They will destroy each other in the end, and if they do not, then the tidal wave of civil unrest will. This is typical in the latter stages of a empire.

 

http://silverliberationarmy.blogspot.com/

Sun, 05/01/2011 - 18:13 | 1226038 Bunga Bunga
Mon, 05/02/2011 - 00:43 | 1228132 riley martini
riley martini's picture

  One problem with the title one has to be a human to be a canibal.

  No doubt which side the fascist controlled media is supporting, greed wins over journalism everytime ,until Karma shows up to collect for those who betray their  humanity for gain.

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