Munger Tells 25 Million Americans To "Suck It In", And To "Thank God For Bank Bailouts" As BRK Benefits From $95 Billion Of TARP Funding

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Mon, 09/20/2010 - 14:59 | 592620 tip e. canoe
tip e. canoe's picture

"Suck it in and cope, buddy. Suck it in and cope.’”

so will say the Reaper as Charlie takes his last inhale.

Mon, 09/20/2010 - 15:31 | 592759 bb5
bb5's picture

well said-I got a good laugh out of that!

Mon, 09/20/2010 - 15:43 | 592809 Saxxon
Saxxon's picture

+1.

Mon, 09/20/2010 - 15:58 | 592853 percolator
percolator's picture

The Reaper can't come quick enough for him and his partner in crime.

Mon, 09/20/2010 - 17:32 | 593195 TraderTimm
TraderTimm's picture

It is statements like these issuing forth from Charlie that make me wish I could punch people through the internet.

Please, someone draft the Inter-PUNCH protocol, stat!

Mon, 09/20/2010 - 18:01 | 593275 Brutlstrudl
Brutlstrudl's picture

Sumbitch didn't even offer us any cake

Tue, 09/21/2010 - 16:36 | 595714 Biggus_Dikkus
Biggus_Dikkus's picture

Very funny, Mr. Tyler. :)

Mon, 09/20/2010 - 15:06 | 592627 crosey
crosey's picture

Charlie Munger, have you lost your mind?  You certainly have lost touch with the reality facing nearly everyone but your elite class. 

We, the people, have been "sucking it in" for the last couple of years.  And because we have, at the point of the government gun, been sentenced to years of tax servitude in order for you to ensure your viability or bail your ass out, please allow me to warn you that there are few things more incendiary than a wealthy bastard and recipient of our tax donations, attempting to boost our morale with an austerity play.

But we don't get mad, we just sell our BRK.

Mon, 09/20/2010 - 15:22 | 592690 B9K9
B9K9's picture

Perhaps I can fulfill my role as one of the resident reminders of human behavior here at good 'ole ZH to help identify what is occurring.

What do deathbed confessions (which are leveraged in a quite excellent fashion by certain, ahem, "non-profit" organizations), Greenspan's recent admissions, and now (tossed salad) Munger Charlie have in common?

Guilt, and the driving need/desire to attempt to come clean in order to have a clear conscience as one reaches the inevitable end-of-the-line. Try this on for size:

Riddle me this - as the crisis continues to unfold with no respite, and in fact begins to accelerate as all vestiges of bullshit are whipped away by brute force, will we begin to see (a) more, or (b) less confessions and revelations of the truth, either directly or via pseudonymous proxies?

I would argue (a). While those still ensconced within official circles will try and maintain (b), human nature is still too strong and will overpower these puny attempts as individuals go 'rogue' and spill the beans.

Mon, 09/20/2010 - 15:52 | 592829 crosey
crosey's picture

Agreed.....the truth wants to be found.

Mon, 09/20/2010 - 16:01 | 592869 Assetman
Assetman's picture

Perhaps I'm a little slow on the uptake, but let me make an attempt at what you are saying:

If you are old as dirt and on your deathbed, like Charlie Munger, the confessions are not only brutal but more of a "stick that in your poorhouse, biatches" tone.  For why not?  You're almost six feet under anyway.

If you are younger-- and you still want to live a life without fear of hanging (or worse)-- you set the tone of your confessions on the side of the poor huddled masses.  You are surprised and shocked you participated in the shell game-- becuase you didn't think it was a shell game.  You either move to the deep woods of Northern Califionia and get a plot near Neal Kashkari-- or you move to Paraguay and live among the Bushes when the time comes.  Somehow, Alan Greenspan thinks he has time to live-- or he would have been a heckuva lot more brutal.

 

Mon, 09/20/2010 - 16:12 | 592909 MakesMeChunder
MakesMeChunder's picture

Well said indeed ... My sentiments were similar when listening to our former President, Mr. Clinton last week on the Daily Show last week.

In case you missed the 2-part interview ==>

September 16, 2010 - Bill Clinton - The Daily Show With Jon ... 
Mon, 09/20/2010 - 15:48 | 592819 chet
chet's picture

"We, the people, have been "sucking it in" for the last couple of years."

With stagnant wages, a lot of people ahve been sucking it in for a decade or more now.  I wonder if Mr. Munger's income was stagnant over the last ten years.

Mon, 09/20/2010 - 15:53 | 592833 crosey
crosey's picture

Sorry, you're right, and I was too short in my timeline.

Mon, 09/20/2010 - 15:01 | 592630 Racer
Racer's picture

Marie Antoinette also had similar things to say to the poor before the French Revolution!

Mon, 09/20/2010 - 15:17 | 592689 midtowng
midtowng's picture

We can only hope that the peasants are running out of patience with the wealthy elite. It certainly appears that the aristocrats have decided that the workers are no longer a danger to them, so they can say any damn thing they want to.

Mon, 09/20/2010 - 15:28 | 592743 Steaming_Wookie_Doo
Steaming_Wookie_Doo's picture

Seriously! Munger saying that his life's been harder since this all happened--while having more than $1 billion in personal wealth. 

Dear Real IRA, we heard about your "banker relief" program in Ireland. Do you guys work in America too?

Mon, 09/20/2010 - 16:15 | 592917 RockyRacoon
RockyRacoon's picture

Mr. Munger, we know where you live.

Mon, 09/20/2010 - 16:41 | 592990 aerojet
aerojet's picture

I'm pretty sure she didn't actually utter the "Let them eat cake" line.  It may well have been the sentiment of the oligarchs of that time.

Mon, 09/20/2010 - 17:26 | 593174 Goldilikes permabear
Goldilikes permabear's picture

she did say this line, but it was not intended that way.  "cake" was very common and cheap (used alot to line pantries) so she ignorantly suggested that they could eat this source. 

fuckin msm always creating spin

Mon, 09/20/2010 - 16:49 | 593024 Babalooee
Babalooee's picture

At least Marie offered food. Although junk food. Although back then there were no artifical colors, preservatives and Monsanto the death angel didn’t exist.  So yeh, she offers basically health food and went headless. Imagine if your average ahole on the street were to actually wake up from Charlie’s slap and really suck it in. 

Mon, 09/20/2010 - 15:02 | 592631 Hard1
Hard1's picture

Suck it in and cope ...bitchez!

Mon, 09/20/2010 - 15:02 | 592632 CashCowEquity
CashCowEquity's picture

Breaking legs for $500.00 , Alex...

Mon, 09/20/2010 - 15:28 | 592714 hedgeless_horseman
hedgeless_horseman's picture

Better yet, put Munger, Biden, and FLOTUS together on live television for 30 minutes on a Thursday night on an empty stage (except for some bottles of Gin, Rolling Rock, and Midol) with 3 mics .  Run only GM and Ally Bank commercials.  I would guarantee revolution before the weekend.

Mon, 09/20/2010 - 15:03 | 592634 Id fight Gandhi
Id fight Gandhi's picture

What fucking jack ass.

Mon, 09/20/2010 - 15:37 | 592786 bb5
bb5's picture

you have a gift of being able to get right to the heart of the matter!

Mon, 09/20/2010 - 15:03 | 592635 scratch_and_sniff
scratch_and_sniff's picture

Whats the deal with the stimulus tomorrow? Anyone think we are due for a pause?

Mon, 09/20/2010 - 15:03 | 592637 sethco
sethco's picture

I pray to Jesus this guy will die soon in the most horrible and painful and lengthy fashion possible.

Mon, 09/20/2010 - 15:07 | 592644 MrVincent
MrVincent's picture

Ditto!

Mon, 09/20/2010 - 15:15 | 592684 Sucks_to_be_Smart
Sucks_to_be_Smart's picture

He'll get his.  We all square up at the end i think.

Mon, 09/20/2010 - 18:13 | 593303 Dadburnitpa
Dadburnitpa's picture

Spot on.  I've always thought of death as the great equalizer.

Mon, 09/20/2010 - 15:17 | 592692 Glaucus
Glaucus's picture

Had I been there, I'd have had a question for the audience:

Anybody want to join me in taking this asshole out back and beating the shit out of him?

Mon, 09/20/2010 - 15:48 | 592806 Widowmaker
Widowmaker's picture

Didn't a young Jesus bitch-slap greed when it crossed the common good but didn't have a problem with interest/investments/PE Ratios and HFT?

Mon, 09/20/2010 - 15:08 | 592648 rrbluefin
rrbluefin's picture

Charlie Munger provides only the most recent example of why we should bring back public flogging and hanging.  I hope your final days are spent in gut wrenching agony Charlie and that they last a long, long time.  99 weeks should just about do it.

Mon, 09/20/2010 - 16:05 | 592887 Assetman
Assetman's picture

I think Charlie Munger's blunt approach to decribing the financial crisis is refreshing.

Now where is that shovel I intended on using?

Mon, 09/20/2010 - 15:08 | 592649 I am a Man I am...
I am a Man I am Forty's picture

Munger jumped the shark, Buffett did a long time ago.

Mon, 09/20/2010 - 15:14 | 592678 Id fight Gandhi
Id fight Gandhi's picture

Buffet made it the honest way. Wink wink.

Mon, 09/20/2010 - 16:06 | 592892 wisefool
wisefool's picture

"It ain't me. I ain't me. I ain't no senators son!"

 

But I might be a congressman's son or be best buddies with that guy.

Mon, 09/20/2010 - 15:08 | 592652 stollcri
stollcri's picture

Someone needs to whack Charlie on the head with a bag of nickels; maybe that would bring him back into the real world with the rest of us.

Mon, 09/20/2010 - 15:10 | 592659 docj
docj's picture

How'd that sentiment work out for the elites in early-1790's France - eh, Chuck?

And we're better armed.

Mon, 09/20/2010 - 15:10 | 592660 Internet Tough Guy
Internet Tough Guy's picture

Then he shat on the carpet, stole the salt and pepper shakers from his table, and hightailed it for the limo.

Mon, 09/20/2010 - 16:43 | 592998 spekulatn
spekulatn's picture

Funny stuff ITG. Thanks for the laugh. Time for a diaper change. 

Mon, 09/20/2010 - 15:10 | 592661 Young
Young's picture

Thank you Tyler, I've been saying it for years, Buffett and Munger are no more than tax evading credit riders.

Mon, 09/20/2010 - 15:10 | 592663 MarketFox
MarketFox's picture

1) 50% draw down

2) 6th largest TARP recipient

Reminds one of complaining farmers and farm subsidies....

Some people feel more ENTITLED than others....

Mon, 09/20/2010 - 15:11 | 592665 Turd Ferguson
Turd Ferguson's picture

Fuck this crusty, old asshole and the Becky Quick he rode in on.

Mon, 09/20/2010 - 15:15 | 592683 Robslob
Robslob's picture

From Old Bag to D-Bag in less than a decade...

I am ready to move from this country while we still have the cash...

Mon, 09/20/2010 - 15:19 | 592699 Trundle
Trundle's picture

Munger telegraphs the response from the oligarchs.

Mon, 09/20/2010 - 15:14 | 592679 Littlelamb
Littlelamb's picture

Charlie just qualified for biggest douche in the universe

 

http://www.southparkstudios.com/clips/153799

Mon, 09/20/2010 - 15:15 | 592682 The Rogue Trader
The Rogue Trader's picture

I won't shed a tear when the Grim Reaper comes for this parasitic crustacean...

Mon, 09/20/2010 - 15:19 | 592688 surfsup
surfsup's picture

Caught this earlier in the day with the sound off on the tv.... Can someone teach these billionaire's to sit up straight in a chair?  Their body language tells a tale all on its own, not that I'm keen to "hate" extremely rich people but that to the degree they are materially possessed they appear for the most part to be somewhat physcially dis possessed -- always bending around -- angled -- etc.  He scared me at sight within .02 seconds and indeed 50 years from now history books will show what a ruinous affair such a blown out Creditor vs Debtor Paradigm many of these birds perpetuate.   Will take at least a couple generations to work out this genetic greed currently atop the heap on our Planet, but it will come...

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