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Warren's Billions Thank Uncle Sam For Bailing Them Out

Tyler Durden's picture




 

Nothing quite like the billionaire whose entire fortune is invested in the successful perpetuation of the ponzi, thanking the administration for taking trillions of dollars out of the taxpayers' pocket and preserving the broken system for a few more years, just so said billionaire can wax holier than thou on the pages of the administration's newspaper and thank the administration for allowing him to swim in his nickel pool through expiration. If one tries hard enough, one can almost spot a ridiculously hypocritical vicious loop in there somewhere...

Below, Warren Buffett thanks YOU for saving his money, via the NYT.

DEAR Uncle Sam,

My mother told me to send thank-you notes promptly. I’ve been remiss.

Let me remind you why I’m writing. Just over two years ago, in September 2008, our country faced an economic meltdown. Fannie Mae and Freddie Mac, the pillars that supported our mortgage system, had been forced into conservatorship. Several of our largest commercial banks were teetering. One of Wall Street’s giant investment banks had gone bankrupt, and the remaining three were poised to follow. A.I.G., the world’s most famous insurer, was at death’s door.

Many of our largest industrial companies, dependent on commercial paper financing that had disappeared, were weeks away from exhausting their cash resources. Indeed, all of corporate America’s dominoes were lined up, ready to topple at lightning speed. My own company, Berkshire Hathaway, might have been the last to fall, but that distinction provided little solace.

Nor was it just business that was in peril: 300 million Americans were in the domino line as well. Just days before, the jobs, income, 401(k)’s and money-market funds of these citizens had seemed secure. Then, virtually overnight, everything began to turn into pumpkins and mice. There was no hiding place. A destructive economic force unlike any seen for generations had been unleashed.

Only one counterforce was available, and that was you, Uncle Sam. Yes, you are often clumsy, even inept. But when businesses and people worldwide race to get liquid, you are the only party with the resources to take the other side of the transaction. And when our citizens are losing trust by the hour in institutions they once revered, only you can restore calm.

When the crisis struck, I felt you would understand the role you had to play. But you’ve never been known for speed, and in a meltdown minutes matter. I worried whether the barrage of shattering surprises would disorient you. You would have to improvise solutions on the run, stretch legal boundaries and avoid slowdowns, like Congressional hearings and studies. You would also need to get turf-conscious departments to work together in mounting your counterattack. The challenge was huge, and many people thought you were not up to it.

Well, Uncle Sam, you delivered. People will second-guess your specific decisions; you can always count on that. But just as there is a fog of war, there is a fog of panic — and, overall, your actions were remarkably effective.

I don’t know precisely how you orchestrated these. But I did have a pretty good seat as events unfolded, and I would like to commend a few of your troops. In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair grasped the gravity of the situation and acted with courage and dispatch. And though I never voted for George W. Bush, I give him great credit for leading, even as Congress postured and squabbled.

You have been criticized, Uncle Sam, for some of the earlier decisions that got us in this mess — most prominently, for not battling the rot building up in the housing market. But then few of your critics saw matters clearly either. In truth, almost all of the country became possessed by the idea that home prices could never fall significantly.

That was a mass delusion, reinforced by rapidly rising prices that discredited the few skeptics who warned of trouble. Delusions, whether about tulips or Internet stocks, produce bubbles. And when bubbles pop, they can generate waves of trouble that hit shores far from their origin. This bubble was a doozy and its pop was felt around the world.

So, again, Uncle Sam, thanks to you and your aides. Often you are wasteful, and sometimes you are bullying. On occasion, you are downright maddening. But in this extraordinary emergency, you came through — and the world would look far different now if you had not.

Your grateful nephew,

Warren

 

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Wed, 11/17/2010 - 08:51 | 733582 Tortfeasor
Tortfeasor's picture

Grateful nephew...and sole heir.

Wed, 11/17/2010 - 09:05 | 733619 Watauga
Watauga's picture

I cannot recall the last time I felt physically sick as a result of reading something ostensibly financial in nature.  Sure, I have read about crashes that swept away 20% of my investment portfolio practically overnight, but even that reading did not sicken me like this piece of trash did.

Warren Buffet has just proven, in writing, that he is a Statist monster, willing to praise a tyrannical government that takes from the (poor) taxpayer and gives to the (rich) bankers and hogs like Buffet.  The 2008 bailouts, TARP, the "stimulus" bill, the federal budget deficits, the national debt, the nation's obligations (Social Security, military retirements, government employee retirements and benefits), Obamacare, and on and on--all simply means by which the Middle Class is being destroyed.  But to what end?  The ONLY thing I can imagine is some form of more globalized central government power.  Destroying America's Middle Class cannot do the United States any good (assuming one wants the United States to remain a sovereign nation that promotes liberty, property, and free enterprise).  Thus, the powerbrokers in finance and politics must be destroying the Middle Class and the dollar and our way of life in order to benefit themselves from a new global order.  How else can this be explained?

Buffet, in this piece, clearly aligns himself with the monied and political classes and against Middle America.  He can thank Uncle Sam all he wants, but he should be thanking you and me, because Uncle Sam has nothing we don't give him.  It is time, I think, to stop giving to Uncle Sam, since all Uncle Sam is doing is giving back to Warren and other cronies.  It is a sick system, and only WE, THE PEOPLE, can change it.  Time to get to work, folks.

Wed, 11/17/2010 - 10:26 | 733818 ElvisDog
ElvisDog's picture

Here's something to give you comfort - all of Warren's billions and connections cannot defeat the strongest force in the universe, time. He is an old man and will be dead in a few years. Time doesn't care how much money you have. And before he dies, his body will fall apart.

Wed, 11/17/2010 - 10:55 | 733925 macholatte
macholatte's picture
Living well is the best revenge.
George Herbert
Wed, 11/17/2010 - 12:15 | 734244 functionform
functionform's picture

Life is like a hurricane, here in Duckberg.

Wed, 11/17/2010 - 14:23 | 734787 TemporalFlashback
TemporalFlashback's picture

I just spit out my drink.

Wed, 11/17/2010 - 11:08 | 733972 Ferrari
Ferrari's picture

Sorry, but that doesn't do it for me. Like Stalin, Mao & Pol Pot, Bufffet, Blankfein, Bernanke, Paulson, et all, will all probably die peaceful, natural deaths with their adoring families at their bedsides. I worry that the rest of us down here will go out struggling with each other over rotting corn.

Wed, 11/17/2010 - 12:01 | 734185 Kat
Kat's picture

I'm with you on this.  We either stop them now or we will be in the predicament you describe.

 

Thu, 11/18/2010 - 02:55 | 736994 yellowbr
yellowbr's picture

+1

Thu, 11/18/2010 - 16:22 | 738750 strannick
strannick's picture

If there is no God, everything is permitted, so shaddup and get back to work...

Thu, 11/18/2010 - 14:41 | 738351 Popo
Popo's picture

While the fact that Warren is not long of this Earth does offer some comfort.... let's just say that I wouldn't be overly upset if someone were to accelerate his passage. 

Wed, 11/17/2010 - 10:28 | 733826 Waterfallsparkles
Waterfallsparkles's picture

You are so right.  The Money or "Bailout" was from the American People. The Government did not give "Their" Money, they appropriated Money from Americans thru taxation to give to Buffet so he can have a nice Thanksgiving.  Leaving the American People to sell their remaining possessions to buy dinner.

Wed, 11/17/2010 - 10:34 | 733857 DonutBoy
DonutBoy's picture

+1. Sad

Wed, 11/17/2010 - 11:16 | 734003 DaveyJones
DaveyJones's picture

made wholier than thou

Wed, 11/17/2010 - 12:19 | 734256 Widowmaker
Widowmaker's picture

Notice buffet didn't thank those in the military fighting ghosts in fabricated wars in third world countries, or the youth/unborn paying for all the record bonuses?

Me too.

This letter simply frames the re-writing of history later.

Wed, 11/17/2010 - 09:07 | 733622 greased up deaf guy
greased up deaf guy's picture

it warms my heart to know we're sucking it up to keep old coots like uncle warren relevant.  sigh...

Wed, 11/17/2010 - 10:21 | 733808 jesus_quintana
jesus_quintana's picture

He's a complete cunt.

Wed, 11/17/2010 - 10:48 | 733900 Lets Hang Parliament
Lets Hang Parliament's picture

Tyler - you should delete all the others and just leave this one comment on the thread. It's a perfect summary.

Wed, 11/17/2010 - 08:52 | 733583 slaughterer
slaughterer's picture

Thanks to Uncle Sam, bitchez.

Wed, 11/17/2010 - 09:38 | 733584 Mercury
Mercury's picture

It doesn't really matter but it's possible that it was suggested he write this. 

But my God, even if it weren't true just the possibility of creating the perception that the richest man in the world is publicly thanking the government for making him even richer while most everyone else (taxpayers - a.k.a. the red headed step-child in this analogy) is struggling should have been enough to stay his pen.

But it's OK...I'm a Liberal...anyone can buy BRK/A....or at least BRK/B...

Wed, 11/17/2010 - 11:01 | 733948 macholatte
macholatte's picture

The elite have thrown down their masks. Buffet's comments are completely appropriate since they are true, for him, and we live in a facist state. It is only proper that he thank Government Sachs for all it has done for him.

 

It is not a sign of arrogance for the king to rule. That is what he is there for.
William F. Buckley, Jr.

Wed, 11/17/2010 - 08:53 | 733585 VaJim
VaJim's picture

PS, Please raise estate taxes so that my life insurance companies can sell more wealth replacement insurance policies.

WB

Wed, 11/17/2010 - 09:30 | 733675 RonnieHonduras
RonnieHonduras's picture

Amen.  Let's not forget that huge bunch of welfare artists with Esq, CLU and ChFC on their cards.

Wed, 11/17/2010 - 08:57 | 733589 jellydonut
jellydonut's picture

'Economic meltdown averted'

 

Christ these people are so full of shit.

Wed, 11/17/2010 - 08:57 | 733590 goldmiddelfinger
goldmiddelfinger's picture

He follows me on twitter

Wed, 11/17/2010 - 08:58 | 733592 slaughterer
slaughterer's picture

Thanks to Warren Buffett,

Your dutiful grandsons,

Hank Paulson, Ben Bernanke, Lloyd Blankfein, and B. Obama 

Wed, 11/17/2010 - 09:36 | 733684 Mercury
Mercury's picture

[moved up]

Wed, 11/17/2010 - 08:59 | 733596 snowball777
snowball777's picture

" Just days before, the jobs, income, 401(k)’s and money-market funds of these citizens had seemed secure."

Wed, 11/17/2010 - 09:00 | 733599 johngaltfla
johngaltfla's picture

Warren Buffet has one thing going for him. He's never been caught doing the Pee-Wee Herman in a theater. He's a low life scumbag and when he croaks, I hope one of his former minions writes an expose book on him.

Wed, 11/17/2010 - 09:04 | 733614 Dagny Taggart
Dagny Taggart's picture

...but John, at least Pee Wee hid in a theater. Buffett just did it in the NY Times.

Wed, 11/17/2010 - 09:15 | 733646 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

ruins his own kin, tells me a lot about this fucking bastard. he obviously hates woman. he and this charlie munger probably go to the dark side of night with each other. i don't really want to imagine such activities by men but am assuming this is the only way a man like warren buffet can get off. GOD made the urge for men to do devious shit to each other, so i am happy for that. in this case maybe warren will get HIV.

Wed, 11/17/2010 - 09:01 | 733602 snowball777
snowball777's picture

"And when bubbles pop, they can generate waves of trouble that hit shores far from their origin."

Not if you don't by on margin, asshat.

Wed, 11/17/2010 - 09:02 | 733609 pagan
pagan's picture

Obama... Just an empty suit.

This guy, what a Madison avenue success! J as many Europeans were fooled by his charisma. But I learned fast, shortly after his inauguration I realized that his administration was Baby Bush adm. version 2. 

At least pretty much the same thing.

Wed, 11/17/2010 - 21:27 | 736463 RockyRacoon
RockyRacoon's picture

Perhaps the right agenda, but the wrong forum.

Buffet... Warren Buffet... we're talking about Warren Buffet.

And now, back to our regularly scheduled program...

Wed, 11/17/2010 - 09:02 | 733610 umop episdn
umop episdn's picture

I fail to understand how banks failing would destroy the entire world. I fail to understand how a fictional 'Uncle Scam' saved anyone from anything. I wholeheartedly wish that the world looked far different than it does now, unlike Mr. Buffet. Propaganda FAIL.

Wed, 11/17/2010 - 09:03 | 733612 orangedrinkandchips
orangedrinkandchips's picture

Could be worse....Buffet could be a total jerk-off like the Bushes or Rangler...the list goes on....so yes, it is good he thanks Uncle Sam for his billions...but we are far far far from normal.

 

Death to the fed!

Wed, 11/17/2010 - 09:04 | 733615 RedPacket
RedPacket's picture

... Mission Accomplished

Wed, 11/17/2010 - 09:04 | 733616 TheGreatPonzi
TheGreatPonzi's picture

Buffet will end his life millionnaire.

Taking bets?

Wed, 11/17/2010 - 09:08 | 733625 Watauga
Watauga's picture

Ponzi--what are you saying?  That Buffet will commit suicide?  That he will die a millionaire and have the last laugh?  I don't get it?

If the latter of those, he can have it.  Lots of folks succeed in this world by selling their souls to Satan.  You and I can do the same, if we signed on that dotted line.  I don't want to trade Eternal Life for a fleeting instant of comfort here.

Wed, 11/17/2010 - 10:30 | 733842 VisualCSharp
VisualCSharp's picture

These men have no fear of God in them. They undoubtedly believe there is nothing greater than themselves. How else to explain their actions? Their one-track focus seems to be pursuit of all wealth to whatever end.

Wed, 11/17/2010 - 09:09 | 733624 tom a taxpayer
tom a taxpayer's picture

Give me a barf bag. Buffett helped save Goldman Sachs, the ringleader of the Wall Street criminal enterprise and the continuing rape and pillage of taxpayers.

Wed, 11/17/2010 - 12:02 | 733708 Widowmaker
Widowmaker's picture

Its not rape if you're wearing a corporate-condom, just like it's not rape if a girl is drunk.

America got drunk on government sponsored fraud-credit and fucked by the rich inc. 

Buffet Dick Inc.  "We fuck America's children, but it's just business."

No, thank YOU Warren (and friends in fraud).

Wed, 11/17/2010 - 09:57 | 733742 mark mchugh
mark mchugh's picture

GE, too.

Wed, 11/17/2010 - 09:09 | 733627 John McCloy
John McCloy's picture

Notice the genius of Scrooge McDuck. Minimal fiat paper and a money of primarily gold and silver coins.

Wed, 11/17/2010 - 09:11 | 733637 Watauga
Watauga's picture

Now this comment is brilliant. 

Wed, 11/17/2010 - 10:04 | 733757 Widowmaker
Widowmaker's picture

Interesting you should bring that up.   

In the US the vast majority are intimidated by "immigrants" and even a foreign language being taught in school.

 I will attest first hand that many, many Mexicans I know are loading up (LOADING UP) on silver.   Sure doesn't look like Scrooge McDuck in reality.

The average US citizen worshiping the wanker-Buffet and spending his fiat at Wal-Mart is getting cleaned out of his country, AND his wealth thanks to Buffet and his corporate chodes.

EVEN THE ILLEGALS ARE TALKING ABOUT THEIR TUBES OF SILVER.

Wed, 11/17/2010 - 11:21 | 734019 Calculated_Risk
Calculated_Risk's picture

"In the US the vast majority are intimidated by "immigrants" and even a foreign language being taught in school."

No, the vast majority of Americans are pissed off at having to slow down an entire classroom to accommodate one student that can't speak the language. Then, to add insult to injury the ILLEGAL "immigrant" DEMANDS goods and services, while paying no taxes to support said goods and services. Then, to rub salt in the wounds, has the nerve to protest and wave a foreign flag claiming superiority of said nation, that doesn't even want them!

 So, tell your little friends to stop free loading like shit bag buffet. Parties over, no more funds for the freeloaders.

Wed, 11/17/2010 - 11:53 | 734063 Widowmaker
Widowmaker's picture

I hear your frustration about side effects, but my premise was the massive holdings of silver these folks are trading their fiat in for... they literally can't invest in much else.  

Also, the ones collecting silver aren't freeloaders (actually have money they've earned) so your rant is moot in this context.

What is surprising is that many of the younger Mexicans have recognized the sham of fiat.  Mostly 20-somethings that ALL had "some" silver.

Get mad all you want, soon these folks will be educating your kids because their spineless incompetent sucker-parents watered the classroom down by removing dicipline and inserted profit by legislating education with "no profit left behind."

Wed, 11/17/2010 - 12:33 | 734315 LiquidBrick
LiquidBrick's picture

Parties over, no more funds for the freeloaders.

ROFL! That's like trying to shut down Studio 54 at 2:30am when you can't even get inside! 

Wed, 11/17/2010 - 11:46 | 734116 WeimarRepublican
WeimarRepublican's picture

Yes, if there actually was an antropomorhic duck named Scrooge McDuck around us, he would probably hoard precious metals like crazy. Remember, Scrooge started his career as a gold prospector. He would have made an excellent guest at King World News...

He also has a thing or two to say about money printing:

http://www.youtube.com/watch?v=t_LWQQrpSc4

:-D

Wed, 11/17/2010 - 09:09 | 733629 Watauga
Watauga's picture

I cannot recall the last time I felt physically sick as a result of reading something ostensibly financial in nature.  Sure, I have read about crashes that swept away 20% of my investment portfolio practically overnight, but even that reading did not sicken me like this piece of trash did.

Warren Buffet has just proven, in writing, that he is a Statist monster, willing to praise a tyrannical government that takes from the (poor) taxpayer and gives to the (rich) bankers and hogs like Buffet.  The 2008 bailouts, TARP, the "stimulus" bill, the federal budget deficits, the national debt, the nation's obligations (Social Security, military retirements, government employee retirements and benefits), Obamacare, and on and on--all simply means by which the Middle Class is being destroyed.  But to what end?  The ONLY thing I can imagine is some form of more globalized central government power.  Destroying America's Middle Class cannot do the United States any good (assuming one wants the United States to remain a sovereign nation that promotes liberty, property, and free enterprise).  Thus, the powerbrokers in finance and politics must be destroying the Middle Class and the dollar and our way of life in order to benefit themselves from a new global order.  How else can this be explained?

Buffet, in this piece, clearly aligns himself with the monied and political classes and against Middle America.  He can thank Uncle Sam all he wants, but he should be thanking you and me, because Uncle Sam has nothing we don't give him.  It is time, I think, to stop giving to Uncle Sam, since all Uncle Sam is doing is giving back to Warren and other cronies.  It is a sick system, and only WE, THE PEOPLE, can change it.  Time to get to work, folks.

Wed, 11/17/2010 - 09:21 | 733662 AnAnonymous
AnAnonymous's picture

He can thank Uncle Sam all he wants, but he should be thanking you and me, because Uncle Sam has nothing we don't give him.

 

Man, living in your world of delusions might be nice.

The reality is that Uncle Sam is less and less dependent on the US citizens. Uncle Sam relies less and less on the US citizens to be empowered.

Buffet has to thank Uncle Sam because he takes nothing from the US tax payers money. Nothing. The tax payer money is a tale maintained on this site but it is nothing more than a tale.  The Fed is providing the money, no the US tax payer.

Funny how some people love to cling to their beliefs when facts are slapping them in the face.

No US tax payer money involved.

Wed, 11/17/2010 - 09:47 | 733715 Hubbs
Hubbs's picture

True, because currently it is all borrowed/printed. But it will extract its revenge by a greater realtive  decline in living standards for future generations.

Wed, 11/17/2010 - 10:02 | 733755 Withdrawn Sanction
Withdrawn Sanction's picture

You're kidding me right?  Ever hear of the concept of inflation as a tax?  It's highly regressive, punishing those least able to defend themselves against it (the poor and elderly living on fixed incomes).  WB, IOW, was bailed out by granny who now eats cat food.

You're drawing a distinction without a difference.

Wed, 11/17/2010 - 10:28 | 733835 Vernon Maxwell
Vernon Maxwell's picture

The cost of every dollar borrowed - in terms of the taxation required to fund it - is the present value of all future payments on the bond required to finance it.  The payments on the interest associated with that borrowed dollar (again, to the extent the government isn't borrowing to simply service the debt associated with this borrowed dollar) absolutely come from today's tax revenues.  Deficits today necessarily entail higher taxes, or, equally harmful, reduced capacity for growth and capital formation, tomorrow.

Also, interest rates are a proxy for the fiduciary viability of a country's taxbase, and - absent the kind of reckless intervetion to which we've become so innured - are a function of a foreign lender's perception of the borrowing country's citizens' capacity to repay the borrowed principal, with interest.  Artificially suppressing these rates induces source countries to borrow more than they otherwise would, eventually putting more pressure on the taxbase and individual taxpayers than would otherwise exist.

Finally, while you're right that the Fed is monetizing the debt (read: printing; or, more precisely, digitizing), it's important to understand the distinction between textbook Open Market Operations and Quantitative Easing.  Open Market Operations change only the complexion of existing government liabilities (buying bonds from member banks increases the amount of Treasury holdings on the Fed's balance sheet, a transaction offset by an decrease in their cash holdings); that is, there is no appreciable net fiscal effect.  QE, on the other hand, is a well-disguised fiscal device that enables the government to create new liabilities, liabilities for which THE TAXPAYER is ultimately responsible. 

You fail.

Wed, 11/17/2010 - 12:42 | 734342 Watauga
Watauga's picture

AnAnonymous--Your cryptic reply leaves me befuddled as to how to respond.  What, exactly, do you mean?  Do you mean that 300M American citizens have no say in what they allow their government to do?  If that is what you mean, then I believe that you are misinformed.  I cannot disagree that it would appear that Americans are not in a position to dictate to Leviathan what powers Leviathan holds, but I would argue that Americans need only leadership and courage to prove otherwise.  Let's say a 21st Century core of leaders such as the Sons of Liberty arose and persuaded the vast majority of the population of the excesses of government power.  And let's say those leaders were able to bring, say, 75% of Americans and 75% of voters to bear on the problem of Statism.  I assure you, grasshopper, that it would be the Americans, and not the Leviathan, who did the dictating. 

The political and financial machines are enabled by their cronies in Big Media and academia, and they all get away with their course of destruction SOLELY because WE, THE PEOPLE, let them.  Well, I have to say, we don't have to let them.  WE, THE PEOPLE, lent our limited federal government limited power.  We can take it back WHENEVER WE WANT.  The problem is that not enough people yet want to do it.  But that day is coming.  The key is to ensure that the Statists don't manipulate the movement to limit centralized power and hijack it into the opposite direction.  Still, WE, THE PEOPLE, hold the trump cards in this game, but we have chosen to keep them in reserve.  What we need is Washingtonian leadership to decide when and how to play them.

Wed, 11/17/2010 - 17:16 | 735665 Diogenes
Diogenes's picture

But US citizens don't have any say. Nothing you do in the way of protesting or voting makes any difference. There is already an organization called the Tea Party which was hijacked and neutralized. Vote for  Republicans, vote for Democrats it makes no difference. Protest all you want it makes no difference. Nothing you can do makes any difference.  And, the Washington leadership has already decided when and how to play them.

Wed, 11/17/2010 - 11:48 | 734129 Miramanee
Miramanee's picture

@ Watauga I find that I quite often feel physcially ill reading about this stuff. In fact, there are times when I'll just see a byline and be like, "Nope, can't read that. Might throw up." What strikes me is that for the mega-rich, this entire crisis is predominantly and intellectual event. Sure they might lose some money, but they never look hunger and desperation straigh in the eye. They never have to seriously consider going without (food, shelter, etc. I don't mean going without their 7th home or their annual trip to Barbados)...or worse yet, watching their kids have to go without. For people like ME, this crisis (and all of the ancillary effects of this crisis) means that I DO have to wonder what I'll be eating and where I'll be sleeping next month or next year. It is that total lack of empathy, that real detachment from the suffering that is REAL for so very many people, that, in my mind, makes comments like Buffet's so sickening.

Wed, 11/17/2010 - 13:47 | 734286 YouAreBliss
YouAreBliss's picture

You have to read "The Robber Barons".  Nothing much has changed since Vanderbilt, Rockefeller, Carnegie, and Morgan - RULED this country.  Only a brief period of Progressivism, which became corrupted by these same folks as the Tea Party is now.

This country was built on Slave labour and Indentured Servitude - study history.

 

"Same as it every was"

Talking Heads

Wed, 11/17/2010 - 09:09 | 733631 buzzsaw99
buzzsaw99's picture

QED

Wed, 11/17/2010 - 09:10 | 733633 Catullus
Catullus's picture

Excellent! This is the "Rubbing People's Face in It" phase of the global financial meltdown, right?

What a cocksucker.

Wed, 11/17/2010 - 09:11 | 733640 LongSoupLine
LongSoupLine's picture

Buffett is the appearance of warm Apple pie with a hidden glass shard filling.

Eat it up America!

Wed, 11/17/2010 - 12:14 | 733743 Widowmaker
Widowmaker's picture

More like a shit-filled Twinkie, apple pie is not synthetic nonsense with zero nutritional value -- like bailouts to the rich.

 

Wed, 11/17/2010 - 09:13 | 733642 Paul E. Math
Paul E. Math's picture

And what system was preserved? 

Gross disparities of wealth and income have been exacerbated as a result of Uncle Sam's 'swift and decisive actions'.  Wall St. bonuses are higher now than they were at the bubble's peak.

This crisis was our only chance to correct all the misalignment and misallocation.

When the moment of truth came, our government puked all over its shoes.

Wed, 11/17/2010 - 09:27 | 733668 ToNYC
ToNYC's picture

 

When the ever-avuncular Mr. Buffett looks out at his audience, he sees little Corporate mirrors of himself. It's all about him and his bets; he's way TooBigToCare.

Wed, 11/17/2010 - 09:14 | 733645 bigdumbnugly
bigdumbnugly's picture

the fox thanking the farmer for leaving the henhouse door wide open...

Wed, 11/17/2010 - 09:15 | 733648 johnnymustardseed
johnnymustardseed's picture

It was hilarious listening to him on CNBC, when he told Joe and Becky that the rich need to pay more taxes. Haha Joe you piece of crap. You didn't want to hear that did you?
This whole mess started with the Reagan tax cuts.

Wed, 11/17/2010 - 09:25 | 733667 Dr. Engali
Dr. Engali's picture

Hey dummy the rich don't pay taxes because they don't have income and they shelter everything. That's why they don't mind expressing that point of view. Go back to kindergarten.

Wed, 11/17/2010 - 11:51 | 734134 Widowmaker
Widowmaker's picture

The rich use the shelter of incorporation which paves the road to untouchable and lawless. 

Why else do you think corporations can vote with their money and shield their real donors from the political process in which the donors always seem to win (record bailouts AND bonuses?).

Wed, 11/17/2010 - 12:30 | 734295 YouAreBliss
YouAreBliss's picture

Remember the Laughter - make that the Laffler Curve.

Wed, 11/17/2010 - 14:14 | 734297 YouAreBliss
YouAreBliss's picture

Listen to David Stockman -Reagan's budget chief.  The Reagen Tax cuts and Defense build-up - was sold as a "Balanced Budget" initiative.

"Money for nothing and your chicks for free"

Dire Straits

Wed, 11/17/2010 - 09:16 | 733649 anony
anony's picture

What a great kidder, he is.

Great sarcasm!

Wed, 11/17/2010 - 09:17 | 733653 Buttcathead
Buttcathead's picture

What a loser...  Go away Warren !  Take your bullshit stocks with you. 

Wed, 11/17/2010 - 09:17 | 733654 MarkTwainsMustache
MarkTwainsMustache's picture

There is a big misunderstanding about the role the Fed played during the crisis.  Yes the U.S. government is the only provider of liquidity when there is a mad dash for it.  That doesn't mean we should bail out the banks though!  Just protect the depositors and the money markets and let the system rebuild around that.  AIG deserved to fail alone with all the other investment banks, because they were over levered and caught with their pants down.

Wed, 11/17/2010 - 12:08 | 734201 Widowmaker
Widowmaker's picture

Why fail when bailouts are for sale?

Never underestimate fear and incompetent corruption in the same Congress.

Wed, 11/17/2010 - 09:18 | 733656 stoverny
stoverny's picture

die already

Wed, 11/17/2010 - 09:39 | 733693 buzzsaw99
buzzsaw99's picture

+1

Wed, 11/17/2010 - 10:54 | 733923 quasimodo
quasimodo's picture

+ one gazillion

Wed, 11/17/2010 - 09:20 | 733660 Sergio
Sergio's picture

I'll be thankful when you choke, Warren.

Wed, 11/17/2010 - 10:36 | 733866 VisualCSharp
VisualCSharp's picture

At the moment of death, perhaps he will realize that all the wealth in the world means nothing when you're standing in front of God on Judgment Day. He will soon be confronting the fact that his entire existence, consisting of acquiring wealth for the sake of acquiring it, was completely meaningless. If one could somehow be made to see their own death far in advance, perhaps this would make people like Buffet conscious of his own mortality and change his behavior for the better. We'd find out whether people like this are sociopaths or just ignorant really fast.

Wed, 11/17/2010 - 09:23 | 733663 Thunder Dome
Thunder Dome's picture

At least Warren admits the wealthiest 400 need to pay more in taxes instead of targeting people making 250k.  And yes, Warren is a sellout.

Wed, 11/17/2010 - 11:27 | 734044 Sennett
Sennett's picture

Yeah, to further isolate and entrench the fraudulent financial fibbing of the top, what, 20?  That'll be an improvement.

Of course, it's all dust anyway.  Funny how easy it can be to fall back into grasping at ripples.

Wed, 11/17/2010 - 09:24 | 733666 dcb
dcb's picture

I need to correct a small portion

and I would like to commend a few of your troops.

should read:

and I would like to commend a few of your fraudsters

"In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair grasped the gravity of the situation and acted with courage and dispatch."

should read:

In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair mainted the fraud and continued the ponzi scheme so I my fortune was never in danger and I could continjue to game the system

Wed, 11/17/2010 - 09:31 | 733673 Gordon Freeman
Gordon Freeman's picture

The only good thing about this grotesque and nauseating piece of tripe is that WB may finally have "jumped the shark", and the realization finally dawn on the masses that he is not their ally--fuck him.

I also hope Becky Quick now realizes that she's been blowing Beelzebub all these years, and not Santa Claus--must leave a horrible taste in her mouth...

Wed, 11/17/2010 - 09:39 | 733674 Anarchist
Anarchist's picture

The whole system is one gigantic fraud. It has only gotten worse. Warren is right that it is like dominos. Once a panic starts the whole fetid system would fall. There is no way to unwind the spring. The solution to every problem has been to tighten the spring more and more and kick the can down the road. This is not going to end well for the bottom 95% of the world but this has been known for a very long time.

Time has proven that countries that accumilated their wealth via the size and quality of their military end up self destructing. It is called Suicidal Statecraft. The Wests genocidal use of military force to loot from the third world will lead to it's downfall. When it costs $5 to steal a $1 it is only a matter of time before the train goes off the track and the locals loot it.  

Wed, 11/17/2010 - 10:34 | 733859 ElvisDog
ElvisDog's picture

Interesting comment and what you wrote is essentially what happened to Rome. They had to maintain a standing army of 300,000 to guard the borders of the empire. Enormously expensive to do that. Eventually, they resorted to debasing the silver content of their coins. It's true that it took a long time to play out, but basically they couldn't support the military they needed to keep control of the empire.

Wed, 11/17/2010 - 11:53 | 734155 Anarchist
Anarchist's picture

Spain, Britain, France, Turkey, Italy ..etc. are all recent examples of Suicidal Statecraft. Their Empires died since they could not afford to hold them. Their present day wealth was magnified by what they stole in the past. 

Today the US and Western Europe are united in trying to stave off the rise of the third world, Asia, Africa and South America. The US may be paying the most money but Europe will be forced to pony up if they want a share of the "spoils". The brutal fact is that the military dominance of the West is impotent against rivals with nukes. The US also has very long unprotected supply lines to it's overseas bases. We may be able to destroy China and India but they have all the time in the world to pay us back in kind.

Wed, 11/17/2010 - 13:45 | 734625 YouAreBliss
YouAreBliss's picture

Yes, after we pulverize them back to the stone age, they will get even with us.  I hear that the Chinese are working on a wooden spear that can travel at least 1000 yards - just in case

Wed, 11/17/2010 - 09:31 | 733676 cartonero
cartonero's picture

Thank you for your letter.

Yes, Warren, there is a Santa Claus.

             Your Uncle

Wed, 11/17/2010 - 09:32 | 733679 sumo
sumo's picture

In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair grasped the gravity of the situation...

In other words,

"Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master's happiness!'

Wed, 11/17/2010 - 09:38 | 733691 Hubbs
Hubbs's picture

Exactly what has Warren Buffet done with his life? Just traded stocks like no other, and amassed a fortune...for doing no productive work. For him to accumulate wealth, he must take it from someone else.

 

But he is so "aw-shucks" in his pseudomodesty while bathing in the light of the worship he has gotten from essentially a blind and dumb retail investor class, all the while ever increasing his ability to  game the govt and  fiancial system for even more profit.

 

I tell you what Warren, why don't you dig some irrigation ditches or at least work in a lab pipetting bacteria on petrie dishes or better yet, finance research into nuclear fusion?

Wed, 11/17/2010 - 09:48 | 733711 Anarchist
Anarchist's picture

Warren knows the only sure way to invest is to buy something established and profitable and then profit from it's revenue stream. It is not rocket science. Only a fool gambles with his money 100% of the time.

In the old days large companies paid a good stock dividend. The day people lost interest in dividends and became conviced they could make more by a stock's appreciation was the day the stock market became a casino. Look at the amount of companies revenue that should be paid out in dividends ends up in the executives pockets. The country is F'd.

Wed, 11/17/2010 - 09:47 | 733713 Oh regional Indian
Oh regional Indian's picture

Avuncular, jovial, banjo strumming, son a of a senator, privileged, lying, feet of clay oracle.

This guy is a poster duffer for everything that has gone wring with the American Way.

Lionized, hero-worshipped, cult of personality created, old, fat, disgusting.... thief?

I think so. And in high places, his ilk abound.

ORI

http://aadivaahan.wordpress.com

Wed, 11/17/2010 - 09:48 | 733718 TruthInSunshine
TruthInSunshine's picture

Everyone should send this bastard a scathing email, fax or letter, informing him that we're on to his ruse, and that we don't appreciate him gloating about the fact that the taxpayers bailed his gnarly ass out. It takes awfully big balls to rub the fact that he fleeced the taxpayer for buku $$$ in order to save his disaster of a portfolio in the form of an op-ed piece in the New York Times.

Wed, 11/17/2010 - 23:53 | 736783 RockyRacoon
RockyRacoon's picture

Well, there has been one scathing response:

Dear Uncle Sucker . . .

By Barry Ritholtz

Wed, 11/17/2010 - 09:50 | 733723 bania
bania's picture

wow i thought this was a williambanzai7 joke until I clicked the NYT link.

Wed, 11/17/2010 - 11:31 | 734065 DaveyJones
DaveyJones's picture

it does read like an onion piece doesn't it. you know it's getting bad when you can't tell the parody from the paper 

Wed, 11/17/2010 - 09:52 | 733729 sudzee
sudzee's picture

WB gained entry into the EE when he was paid off to drop his single handed run at the short silver market a few years back. Its amazing how he sold his soul for a few quick bilion.

Wed, 11/17/2010 - 10:05 | 733767 Waterfallsparkles
Waterfallsparkles's picture

So, Mr Buffet gets to eat a lush Thanksgiving dinner.  While 500,000 Americans get to eat at Mc Donalds instead.  Thank you Mr. Buffet as all of our money went to you and the other TBTF's.  Make mine a $1.19 Double Mc Mac.

Wed, 11/17/2010 - 11:47 | 734122 TruthInSunshine
TruthInSunshine's picture

500,000?

McTurkey Nuggets for 50 million, minimum, friend!

 

(Warren IS doing his part to pressure the administration and congress to expand the massive food electronic debit card [formerly known as foodstamps] program and to extend the 99 weekers (on unemployment insurance) to 198 weekers. He doesn't exactly want a revolution.)

Wed, 11/17/2010 - 10:10 | 733782 Seymour Butt
Seymour Butt's picture

The Ponzi just got bigger.

HR 3808 will pass in Congress, by secret vote. Forgery by the Bank Cartel is to become legal.

 

Will the peasants revolt? Nah.

Wed, 11/17/2010 - 10:16 | 733796 mhjhnsn
mhjhnsn's picture

I'm with Watauga, I found this actually physically revolting.  Surely someone desperate to save his life in Stalin's Terror could not have written a more dishonest and obsequious piece.

Now as a true gesture of his appreciation, Warren should place about 99% of his personal assets, clawing back what he has put into the Gates Foundation to support his kid, and all of Berkshire-Hathaway over and above paid-in capital into a special fund controlled by the Treasury with Congressional oversight, to backstop the zombie banks, Fannie, Freddie, etc that are going to still cost us all an immense amount of money because of teh policies he so loves---with his money being the first used, ahead of the taxpayers.

That's of course after he pays for all the bonuses Wall Street is about to give itself.

I'm just physically revolted.  Even if you think TARP and the bailouts were ultimately necessary, this kind of cheerleading is just sick.

Wed, 11/17/2010 - 10:21 | 733809 MarketFox
MarketFox's picture

Here it is....

Yes I own the biggest business in town...and everybody works there....Thus when my business is in trouble...YOU are in trouble....

 

 

Wed, 11/17/2010 - 10:33 | 733816 chunkylover42
chunkylover42's picture

love the scrooge mcduck picture.  very apropos.

When I first read this piece, I honestly thought it was satire.  And if you read it like that, it's actually pretty entertaining.  Then I figured out that it really was Warren who wrote it, and suddenly it wasn't as funny.

Wed, 11/17/2010 - 10:32 | 733834 Clapham Junction
Clapham Junction's picture

How much do you think CNBC pays him for his drivel?

 

Wed, 11/17/2010 - 10:31 | 733844 Everybodys All ...
Everybodys All American's picture

What a pompous asshole.

Wed, 11/17/2010 - 10:40 | 733875 6 String
6 String's picture

Per typical of Warren gone senile and stone cold crazy in his last years, he continues to be nearly as untimely as possible, as the nation sits on the bank of the Rubicon.

This reminds me of his "Buy American--I am" disaster of a piece, pubically displayed for all his cultish fetish fiends to follow, just to be nearly wiped out by almost a next-day deflationary collapse--as all the financials he mentioned than began to tumbe. What astute forecasting, eh?

Now, as we sit on the brink of Hyperinflation, he is publically thanking Bernank? Keep movin' on ZH'ers. Nothing new here except built-in blind spots made by sixty years of a central illusion that the greenback will always be sound money--that you can always have faith America will do the right thing.

He, along with his partner, will soon be "sucking it up," as the right thing is now--for the people, by the people--to take it back. Good luck to that, boys. We're in a heap of trouble.

 

 

 

 

 

Wed, 11/17/2010 - 10:50 | 733905 Fearless Rick
Fearless Rick's picture

Count me among the wanting to puke crowd upon reading this trash. I actually had to follow the link to make sure it was real.

Revolting, disgusting, pandering don't even begin to describe how utterly distasteful this "letter" is.

This country gets worse by the day, sometimes by the minute. The greed and avarice begun at the very top has trickled down through the middle and lower classes and is now a permanent feature of life in the USA.

Everybody wants to screw you, nobody can be trusted. Sadly, it's time to either start playing like they play or maintain a higher sense of morals and do business in a respectable manner, though the latter course may lead to ruin.

I often feel that all sanity and rationality has left the planet. Even ordinary people today seem distant, odd, distressed, distracted, on edge. The banks and the government have turned our nation into stewing pot of distrust, anger, dashed expectations, lies and fraud and they must be held responsible.

Those of us in the middle class, trying to retain some sense of balance and equity, are beset on all sides. The upper class steals with impunity and without recourse, the lower class degrades everything they touch, undeserving of the free rents and food the government hands them.

Even our own brothers within the class struggle in hand-to-hand combat with each other. As a small businessman, I have never found a time in which simply getting paid for goods or services has been such a monumental challenge.

Unless something changes really soon, I don't expect the United States of America to exist as a functioning entity past 2011. The corruption has penetrated all levels of society and is destroying the social fabric one stitch at a time.

Fight or flight are the only options. I choose to fight the banks, government at all levels, and immoral business practices wherever they exist, but I fear that there are few on my side.

Good luck, fellow patriots and business men and women. We are in for the fight of our lives, for our lives.

Wed, 11/17/2010 - 13:35 | 734586 Mr Poopra
Mr Poopra's picture

Rick, i'm with you 100%.  The masses have turned into docile lambs, eager to be led and directed.  We don't know our history, we don't know how banking or even our government actually works.  I wonder sometimes if our Founding Fathers would have started another revolution in 1913 when the Fed was created.  What exactly are we waiting for?  To be destitute and starving?  We can print our own debt free money, we don't need them.  I say we follow the French and withdraw our funds from the banks as well on Dec 7.  Let's tell them to get fucked.

Wed, 11/17/2010 - 10:54 | 733918 macholatte
macholatte's picture

 err

Wed, 11/17/2010 - 10:55 | 733926 percolator
percolator's picture

God how I'd love to waterboard that SOB and he's equally corrupt henchman Chuckie "Suck it in" Munger.

Wed, 11/17/2010 - 11:02 | 733959 quasimodo
quasimodo's picture

Good gawd, I too thought this was satire until I clicked the link. Fished in as they say..unfuckingunfathomable that this old fuck has gotten away with it all these years. I hope he dies a slow death via worms

Wed, 11/17/2010 - 11:05 | 733966 Ye Ye
Ye Ye's picture

This is coded support for the Fed.  Presumably Buffett felt compelled to counteract the rising tide of videos on Youtube and uppity components of the blogosphere such as ZH.  After all he commands the respect of "real investors".

Wed, 11/17/2010 - 12:51 | 734381 Sennett
Sennett's picture

if that's coded, then this is 4096-bit RSA

Wed, 11/17/2010 - 11:19 | 734009 Die Weiße Rose
Die Weiße Rose's picture

Donate now to Warren Buffhead's

contrived Weapons of Financial Mass-Destruction WMD Recovery fund

and get a 50% tax refund on your Capital loss.

 

 

 

Wed, 11/17/2010 - 11:19 | 734011 Weaseldog
Weaseldog's picture

Warren Buffet, the Only American that matters.

 

While Uncle Sam let's it's cities drown, it's citizens go hungry and promotes fraud to steal homes, it still cares for Warren Buffet.

 

Warren was in danger of only being able to afford 25,458 steak and lobster dinners a day. Now thanks to Uncle Sam robbing the American people and pluning millions into hunger and poverty, Warren can sleep comfortably knowing he can afford to 58,234 lobster and steak dinner every day.

 

It would be better far batter to plunge America into a Greater depression and watch it's children die by the millions than for Warren to go from super buer wealth to just uber duper wealthy.

 

Warrne Buffet, America's only real citizen. The only man that matters.

Wed, 11/17/2010 - 11:20 | 734021 DeltaDawn
DeltaDawn's picture

I scanned this letter and thought it was a piece of satire, until I saw some of you refer to the NYT link. I am disgusted! 

We are in such a sad state. I have been doing research on starting a manufacturing company, but who would do so given today's dynamics.  We will have to completely collapse before enough people wake up.  Please wake up those who do not see the same puppetmasters controls the left and right political/media stream.  

 

Wed, 11/17/2010 - 11:28 | 734048 Judge Smales
Judge Smales's picture

I have written my own letter.

Dear Uncle Warren,

I hope you get cancer of the balls.

Best wishes to your nuts, lefty in particular.

Your Nephew, Judge Smales

Wed, 11/17/2010 - 11:31 | 734066 XRAYD
XRAYD's picture

It is the tax payers who support the US. Where do the soldiers who support America's corporate interests all over the world come from? And how are they paid?

Wed, 11/17/2010 - 11:54 | 734100 sbenard
sbenard's picture

PLEASE ALL READ THIS! EVERYONE NEEDS TO KNOW!

I thought this article was mocking satire until I read the link and was dumbstruck that it was real. Unbelievable!

The American people wanted to take their medicine, but Buffett, like all his elitist co-conspirators, supported socializing the losses so that he wouldn't have to take any himself!

I was going to suggest that we all go the page on NYT website where his opinion is posted and post more truthful and factual accounts, but like the rest of the elitist anti-truth and anti-freedom squad, NYT (NY SLIMES) has disabled comments on that page. Figures! Uncle Warren can't withstand scrutiny!

I have posted before that I know for a fact via an insider that Mr. Buffett is a close associate of the global head of the central banking cartel, who himself is a billionaire. My associate was raised in this cartel amongst these people, and he was inducted also into their secret religion, called Luciferianism. His own relative is the billionaire aforementioned but unnamed, and is the worldwide head of this secret "religious" order. They seek the overthrow of the freedom of all nations. Buffett and Soros are also adherents. Buffett personally inducted Schwarzenegger too just before he was elected governor of CA.

Many of the elitist billionaire megarich (certainly not all) are also adherents of this demonic religion, with all its rites, oaths, and covenants. They literally worship Lucifer as god, ascribing to him the accumulation of their vast wealth! They seek a worldwide socialist dictatorship, and plan to accomplish it via 1) destruction of the dollar and US economy, 2) destroying the US Constitution, which they see as their greatest obstacle, and 3) by achieving #1 and #2 by sinking the US into a chasm of unsustainable debt.

My associate, who has spent most of his life with these people, has told me these things in multiple face to face meetings. He has repudiated his upbringing among these people, but still maintains close associations with them because he is the oldest (senior) male member of the clan, which gives him high status in the Luciferian religion. They have assured him very recently that they are elated that they are close to achieving their objectives. His parents were even killed in a car bomb by these people when he was a toddler.

It sounds conspiratorial I know, but it is the real deal!

Wed, 11/17/2010 - 11:56 | 734167 blunderdog
blunderdog's picture

You didn't even get to the best part.  Most of them are actually interdimensional lizard-creatures with the ability to wield great psychic influence over our mammalian race.

Wed, 11/17/2010 - 12:23 | 734231 sbenard
sbenard's picture

Very funny! And they have spent vast sums of their wealth seeking to brainwash the population to think just that way.

Here's another tidbit that this man explained to us: They have spent vast sums and used their complicit media outlets to brainwash the population that any conspiracy on their part is just the whimsical fantasies of a few crazy people. They do this so they can continue their plans unabated.They literally have people who are paid to mock, deride, and belittle any suggestion that such a conspiracy would exist -- just as you have just done! You can't refute my testimony, so you mock instead! Alinsky and his father to who he dedicated his book, would both be proud!

You can reject my own testimony of what this man has explained to me, but it is still true, whether you accept it or not. The truth is still the truth regardless of whether or not people accept it.

And here's a person touch:

A few years ago, I was driving between my home in Sacramento and my office in San Ramon (CA) when I saw a car in front of me the likes of which I had never seen before. It was a Bentley. I was stunned to see a BUMPER STICKER on this car that is worth more than most people's homes!

As if that wasn't odd enough, I literally almost lost control of my car when I drove up alongside the Bentley close enough to read what would be so important that a person of that wealth would write on a bumper sticker. I could hardly believe my eyes. The bumper sticker said this:

"We practice the old time religion: Luciferianism!"

Luciferianism is real. It's followers are real, and many of them are found among America's super-rich.

Mock all you want; that only reflects on who you are! It's still true! That's my personal testimony!

Wed, 11/17/2010 - 15:52 | 735188 DeltaDawn
DeltaDawn's picture

You need to encourage this person to go undercover and then share more of this info.  

Wed, 11/17/2010 - 12:28 | 734294 SMG
SMG's picture

Don't know if your joking, but even saying jokingly that in reply hurts the cause of freedom.    The alien/lizard people thing is out there to make the people who try and get the message out about the elite cult that is hijacking the world into tyranny, look like fools.

Only when everyone in the world knows the truth about the evil cabal that runs the world, only then will the world have a chance to be free.

Wed, 11/17/2010 - 12:56 | 734413 Sennett
Sennett's picture
“I am free, no matter what rules surround me. If I find them tolerable, I tolerate them; if I find them too obnoxious, I break them. I am free because I know that I alone am morally responsible for everything I do.”
Wed, 11/17/2010 - 13:26 | 734558 SMG
SMG's picture

You think you're free?  Try speaking out publicly and credibly against the cabal.

Wed, 11/17/2010 - 21:06 | 736417 blunderdog
blunderdog's picture

I'm half-joking.

To focus on the serious side for a minute: you don't need a conspiracy to accomplish what's going on here.  It's just as sane to blame it on interdimensional lizard-creatures as it is to blame it on devil-worshipers.

Why would it be harder to accept interdimensional lizard-creatures than devil-worshipers? 

As for me, no, I don't believe either theory, but given what I know of human beings, the interdimensional lizard-creatures would be a lot better able to pull if off than a bunch of fucking humans.  Humans have enough difficulty organizing a trip to the deli, let alone a centuries-long endeavor to funnel all wealth to some kind of global banking cabal.  The thought that the "global elites" would ever work together in the first place strains credulity.

I'm not trying to convince anyone this plot idea is wrong.  That was just a joke.  I'm just very skeptical.  I'd actually like for this to be right--I'd feel a lot better about our collective future if we knew that there was a group of "bad guys" doing all this stuff and making everything so shitty.

Finally: if *your* cause of freedom depends on censoring the thoughts of a dog like me, that's freedom I don't want any part of. 

Wed, 11/17/2010 - 11:48 | 734128 Moonrajah
Moonrajah's picture

I've wrote a response to Warren. But since I was lazy, I used his suck-up-letter as a template. The changes are in bold.

 

DEAR Warren,

My father told me to send fuck-you notes promptly. I’ve been remiss.

Let me remind you why I’m writing. Just over two years ago, in September 2008, our country faced an economic meltdown. Fannie Mae and Freddie Mac, the laundromats that supported our mortgage ponzi, were scared shitless that they will be forced into conservatorship. Several of our largest commercial casinos were teetering. One of Wall Street’s giant investment casino had gone bankrupt, and the remaining three were poised to follow. A.I.G., the world’s most infamous insurer, was fucking hyperventilating.

Many of our largest industrial sweatshops, dependent on the commercial paper racket that had disappeared, were weeks away from exhausting their tax-exempt cash resources. Indeed, all of corporate America’s dominoes were lined up, ready to topple at lightning speed. Your own sweatchop, Berkshire Had-a-way, was among those.

It was just business that was in peril: 300 million Americans were not in the domino line, just the upper 1%. Just days before, the jobs, income, 401(k)’s and money-market funds of these citizens had seemed secure. Then, virtually overnight, everything began to turn into pumpkins and mice on the balance-shits of the largest corporations. There was no hiding place. A destructive economic force suppressed by the Keynesian mafia for generations had been unleashed.

Only one savior was available, and that was Uncle Sam. He is not only clumsy and inept, but judging from the current adminstation utterly skullfucking stupid. So when businesses and people worldwide raced to get liquid, he was the only schmuck with the resources to take the other side of the transaction. And when citizens are losing trust by the hour in institutions they once revered, only he is dumb enough to try and restore calm and totally fuck up in that activity.

When the crisis struck, he was told the role he had to play. Since he's never been known for speed, and in a meltdown minutes matter, all the money-scumbags were worried whether the barrage of shattering surprises would be enough to wake him up from the drool-inducing sleep. He would have to improvise solutions to problems he coundn't comprehend, stretch legal boundaries without giving a fuck to consequences and avoid stupid formalities, like Congressional hearings and studies. He would also need to get turf-conscious department-lords to work together, a feat in and of itself, to produce some sort of response, that would pass an IQ-challenged individual. The challenge was huge, and many people thought he was not up to it, and rightly so.

Well, Uncle Sam, he sorta delivered. People all around the world are second-guessing many of his decisions; and he can always count on the risk that they will show in grat detail just what a pied piper he is. But just as there is a fog of war, there is a fog of bullshit — and, overall, his actions in spreading this fog were remarkable.

I don’t give a fuck precisely how he orchestrated these. But many of us had the front seat in the out-of-control vehicle known as US Economy as events unfolded, and I would like to line up a few of his hitmen at the far end od the shooting range. In the darkest of days, Ben Bernanke, Hank Paulson, Tim Geithner and Sheila Bair grasped the gravity of the situation and acted to increase it. Oh, and the clueless George W. Bush should be there as well.

He has been criticized, Uncle Sam, for some of the earlier decisions that got us in this mess — most prominently, for not battling the rot building up in the financial market, that had more tentacles in the economy than your average hentai movies so popular at the SEC. Although all of his critics saw matters more clearly. In truth, almost all of the country became possessed by the propagated lie that home prices could never fall significantly.

That was a mass delusion, reinforced by predatory lending and large-scale propaganda. Delusions, whether about tulips or Internet stocks, produce good balance-sheets and then they produce bubbles. And when bubbles pop, they can generate waves of trouble that hit shores far from their origin. This bubble was a doozy and its poop was felt around the world.

So, to sum up, Uncle Warren, thanks to you and your like the 300+ million US citizens are facing a bleak future, because you and your peers are wasteful, bullying and totally sociopathic. On occasion, you are downright maddening. But in this extraordinary emergency, you really shone through — and the world will look at you and your peers far different from now on if you had not.


With a big and hearty Fuck-You,

Citizen Bystander

Wed, 11/17/2010 - 15:45 | 735152 DeltaDawn
DeltaDawn's picture

That made me feel better. Please send this to Warren and the NYT.

Wed, 11/17/2010 - 12:00 | 734140 YouAreBliss
YouAreBliss's picture

On top of Warren's accolades.  The Chairman Mao Business School of Beijing has just announced that Hank Paulson and George Bush will jointly receive the Karl Marx Economic Freedom Award for 2010.  This was based on their great work in ramming through TARP to bailout the TBTF banks in the US, thereby rescuing the US and Chinese economies.

Congratulations!  This on top of Warren's letter and a best selling book - what a comeback!

Rumours are the new Congress is up for Marx'ie in 2011 based on their gallant efforts to rescue the real value of the US debt China holds.  They are being applauded at the Mao school for their efforts to tweek Fed Mandates.  We will see if they can pull it off - Bob Corker has his hopes high, as he has a book in the wings "How to Rescue the Economy - What I learned from Herbert Hoover".  Good Luck!

Wed, 11/17/2010 - 11:51 | 734142 phat tails
phat tails's picture

Dear Warren Rockefeller,

Brother can you spare a dime?

http://greencheeseparty.com/images/thesystem/File0082.jpg

 

 

 

 

Wed, 11/17/2010 - 11:58 | 734175 blunderdog
blunderdog's picture

It's hard to understand what the guy's thinking writing something like this.  It's so incredibly offensive to anyone know has even the faintest understanding of the problems with the global economy right now that one could only reasonably conclude:

1) he thinks the NYT readers are REALLY stupid and/or misinformed

2) he actually WANTS to piss people off

Guess I'd go with 1.  And from what I've known of the most devout NYT readers, he's probably pretty justified in that thinking.

 

Wed, 11/17/2010 - 12:25 | 734285 Gordon Freeman
Gordon Freeman's picture

Man, did he ever step in shit!  That sonofabitch thought he was gonna get the "Aw, ain't he cute" reaction, and instead people everywher are calling BULLSHIT!

Couldn't happen to a nicer guy--may he rot in hell.

Wed, 11/17/2010 - 12:36 | 734326 SimpleSimon
SimpleSimon's picture

Dear Uncle Warren:

Had I had the power to print money, tax people and make laws, I would gladly taken the other side of the transaction you talk about, happily exchanging my inked paper for assets (even fake assets, since I can always print somemore to cover such assets).  I wouldn't even want a thank-you note, you know.

Your powerless, poor nephew

Mr. Uncle Molester

Wed, 11/17/2010 - 13:04 | 734345 Cheater5
Cheater5's picture

Has anyone forgotten that uncle Warren sold a buttload of puts near the peak?  I would send a big wet sloppy thank you kiss to the government if they bailed me out of my biggest bad trades too.

Buffet needs to stop being treated as a national-treasure / disinterested commentator.  The guy talks his book just as much as any jackass on the street.  Case and point - estate taxes.  Nice uncle Warren is a big fan in case you didn't know.  He says it prevents the accumulation of wealth, blah blah blah blah blah...  Well the only problem with this is that nice uncle Warren made a good part of his fortune by taking stakes in family owned firms whose owners were facing enormous estate tax bills when the founders of the firm passed away.  Without the estate tax these people would have never sold to Berkshire.  So is it all that surprising that Buffet, who has profited very handsomely from the governement necrophilic tendencies towards the people who have created real wealth in this country, supports that same policy.

I'm not saying the guy doesn't have a right to make a buck or two, but the reverence in which he is held is complete BS.  But hey I'm a little jealous.  It must be a nice feeling to be able screw people left and right and then have people hang on your every word as economic truth and have attractive female CNBC anchors follow you around the world like little doe-eyed puppy dogs.

 

 

Wed, 11/17/2010 - 12:50 | 734376 HCSKnight
HCSKnight's picture
America is getting the fruits of her "progressive" choices; abortion, PC, diversity, "tolerance", etc. ... in short, cultural atheism.  

WB is a shining example of the vomit that comes after these fruits are placed upon a country's thanksgiving table.

When America wakes up and turns around on the socialist-atheistic road history has already, WB should be right in the front of the line for the French Revolution moment.... where WB and his buddies have their metaphorical heads off by the taking of all their equity and giving it to those who paid, and will pay, for his failures and hubris... the American taxpayers.

AMDG

Knight

 

 

 

Wed, 11/17/2010 - 13:36 | 734463 YouAreBliss
YouAreBliss's picture

Yes, I agree Abortion Rights given 2 decades ago is causing this unemployment problem.  We should follow the Communist Chinese - one child policy. Unless you're rich, or an Apparatchik.

A 55 gallon drum filled with water on every block! 

Bring back George Wallace!!!

One question - Who won the French Revolution you speak so fondly of?

Wed, 11/17/2010 - 12:59 | 734429 Gordon Freeman
Gordon Freeman's picture

Oh, why be metaphorical about it?

Decapitation, bitchez!

Wed, 11/17/2010 - 13:22 | 734529 SwannDog
SwannDog's picture

Things will get better right after they shove the "DREAM ACT" and some form of "CAP AND TAX" through.

Wed, 11/17/2010 - 13:43 | 734627 gwar5
gwar5's picture

Warren is a socialist mooch too.

Wed, 11/17/2010 - 15:22 | 735045 Stuck on Zero
Stuck on Zero's picture

What value-added is Warren Buffet to the nation?  Or, for that matter, what is the value-added of the U.S. financial industry?

Wed, 11/17/2010 - 17:32 | 735745 Diogenes
Diogenes's picture

Warren never pays a dividend and never splits his stock. So his investors actually gain NOTHING. His biggest fans have never actually gotten a dime, they gave him their money and every year their "shares" get bigger but they never get anything and never will unless they sell.

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