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Buffett On Jamie "I Am Richer Than You" Dimon: "He Deserves To Be Paid Even More"

Tyler Durden's picture




 

Just because it wasn't enough of a vote of confidence in Jamie "Dear Congress: oath I vouch under oath that it was nothing but a tempest in a teapot" Dimon that his pay rose 74% to $20 million in 2013 despite JPM's Net Income crashing as the bank had to provision for tens of billions in legal expenses (conveniently excluded from Non-GAAP earnings) - but that's ok because the Fed's pumping of $1 trillion in fake buying power meant the stock soared - here comes folksy Crony Capitalist #1, aka cuddly Uncle Warren seemingly desperate for close encounters of the rectal kind with the JPM CEO, telling the world just how underappreciated poor, poor (we use the term loosely) Jamie is and said that if he owned J.P. Morgan, "he would keep Chief Executive James Dimon at the helm and would pay him even more than he’s making now."

From the WSJ:

In an interview Friday, Mr. Buffett called Mr. Dimon “a bargain.”

 

“If I owned J.P. Morgan Chase, he would be running it and he would be making more money than the directors are paying him,” said Mr. Buffett, who has publicly defended the bank executive before and owns J.P. Morgan shares.

 

He added J.P. Morgan was a “huge plus to the American financial system” during the financial crisis and did much better than other big banks through that period.

 

“If Jamie decides he wants to make more money, all he has to do is call me and I’d hire him at Berkshire,” the billionaire investor added.

Warren had no comment how much he would pay Barack Obama if the president worked for him more than he already does, i.e., making sure that the Keystone Pipeline is mothballed indefinitely while Buffett's various railroad interests become the New Normal trans-US pipelines.

And Buffett certainly had no comment what his compensation to Bernanke, Paulson or Congress would be for injecting a few hundred billion in the same financial companies that Berkshire had some $26 billion invested in, and would have all gone bankrupt, unless the US taxpayer had boldly, if involuntarily, stood up to defend the equity value of crony capitalist #1.

As Reuters reported at the time: "A good chunk of his fortune is dependent on taxpayer largess. Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out. Berkshire Hathaway, in which Buffett owns 27 percent, according to a recent proxy filing, has more than $26 billion invested in eight financial companies that have received bailout money.  The TARP at one point had nearly $100 billion invested in these companies and, according to new data released by Thomson Reuters, FDIC backs more than $130 billion of their debt."

buffett-bailout2

Surely by the time the US finds Berkshire Hathaway to be a "systemically important" entity, any time Dairy Queen misses earnings or NetJets sells one less plane in the quarter than budgeted, the US will rush to bail it out.

As for "poor" Jamie, who obviously deserves much more than just that $20 million pittance, don't cry for him.  We are confident soon enough he will take another massive risk with FDIC-insured depositor cash, which will either pay off, or the bank will simply be bailed out once again. Because once you are the king of the TBTF, the only way is up.

 

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Sat, 01/25/2014 - 14:37 | 4366950 rtalcott
rtalcott's picture

it keeps getting "better"...more absurd...and it will until it breaks.

Sat, 01/25/2014 - 14:50 | 4366972 booboo
booboo's picture

That old folksy "Aw shucks" is a sure thing with all the Buffeteers sitting in front of the boob tube waiting for Uncle Warren to dispense a little Warranism while wearing their Buffeteer hats with the money sign sitting atop their green beany. In private hes is a mean lying crooked two faced forked tongued diaper wearing blue pill popping global dick sucking old coot that sold his own country down the tubes for a seat at Beelzebubs table and a first class ticket to hell.

Sat, 01/25/2014 - 15:02 | 4366981 SilverIsKing
SilverIsKing's picture

Well if I were John Stumpf, I would certainly ask Uncle Warren for a huge raise.

Sat, 01/25/2014 - 15:38 | 4367062 BaBaBouy
BaBaBouy's picture

I ASK, Is This Guy one Of Those "GREYS" That They Mention
On Coast To Coast All The Time???

Sat, 01/25/2014 - 16:08 | 4367091 BaBaBouy
BaBaBouy's picture

<=== I LOVE This Smilling Cute And Cuddly Old Man.
<=== I DESPISE Him And Every Fucking Creaky Bone In His Body.

Quick Poll On Warrensky...

Sat, 01/25/2014 - 16:14 | 4367109 synergize
synergize's picture

Buffett is a buffoon.  Guy sold his soul to the devil and is pretty much a icon used to encourage the "everyday Joe" that you can get rich too with a bit of hard work and "common-sense".  Nonsense - he's a sellout and touts the system and all the evil it stands for

Sat, 01/25/2014 - 16:42 | 4367150 negative rates
negative rates's picture

Photo op anyone?

Sat, 01/25/2014 - 16:53 | 4367176 James_Cole
James_Cole's picture

After Buffett disinherited his granddaughter for daring to appear in a documentary about the 1%, any lingering doubt about him being a giant asshole was cleared away. 

 

 

Sat, 01/25/2014 - 17:24 | 4367241 sodbuster
sodbuster's picture

That's why he is known as the Orifice of Omaha.

Sat, 01/25/2014 - 21:15 | 4367596 old naughty
old naughty's picture

B to J: " help me become Orifice of JPM and I will pay you more..."

Sun, 01/26/2014 - 00:29 | 4367857 benb
benb's picture

This criminal asshole is the epitome of a domestic enemy. The corporate fascist media pushing their perverted public relations enables Buffet to walk around like he’s a sage. (IIRC) Through his holdings, Buffet was the single largest beneficiary of the so-called Bail Out to the tune of close to $500 billion. He is allowed (By the ruling elite) to steal from us so long as much of the ill-gotten wealth can be devoted to eugenics; as in poisoning our food, spiking vaccines with cancer viruses and brain damaging chemicals, etc. in the name of “helping kids.” This monster is partnered in Crimes Against Humanity with the Rockefeller Foundation eugenics front, Bill Gates. What a pair of monsters. If we had a military they would both be arrested along with a lot of other traitors running rampant in and around the U.S. government… but we’re not in Kansas anymore.

Sat, 01/25/2014 - 15:10 | 4366986 TruthInSunshine
TruthInSunshine's picture

Warren Fuckin' Buffett - the smiling, grandfatherly figure who sticks a dagger in the heart of the American Taxpayer while he & his CronyComrade, Charlie "Suck It Up Taxpayers" Munger attach their money funnels/suction hoses to the U.S. Treasury Building & vacuum up every last present and future fiat.

Warren Fuckin' Buffett, the "elder statesmen" of Casino Kapitalism, and literal 'Senator's Son,' who loudly, publicly annointed NoBama as figurehead-in-chief.

Fuck you, Buffett. May you roast eternally after you croak, which shall be soon.

Sat, 01/25/2014 - 15:15 | 4367012 I am more equal...
I am more equal than others's picture

 

 

 

Warren Buffoon is a liar, manipulator and democrat.  I believe the three strike rule applies here.  He's out

Sat, 01/25/2014 - 15:43 | 4367069 BaBaBouy
BaBaBouy's picture

TruthInSunshine POST ...

I Can Only Vote Once, But I'd Vote +100 If I Could...

Sat, 01/25/2014 - 15:53 | 4367083 FinalEvent
FinalEvent's picture

I think Warren knows he won't survive the shitstorm anyway (cause he's old) and just plays the game like he always does.
Once SHTF he'll be gone and you won't see him in the news anymore.

 

Sat, 01/25/2014 - 20:48 | 4367555 satoshi101
satoshi101's picture

Warren is EVIL, no doubt, and to explain why the people here would be bored to death, given up arrows ( green means circle jerk ) its obvious that all know.

Warren made his rich by stripping company's of their assets.

Made money by destroying the insurance industry, and creating the new model "Collect premium, Deny Claim"

Funny that WARREN is portrayed as a gentel old guy, but in reality, he is probably responsible for MORE destruction as an individual than any other asshole in the past 50 years of USA history.

The biggest problem with the USA, is that folks have to spend 1/3 or more on 'insurance', and you can blame Warren for this new model. No where else do people even buy insurance, and the worst of course is that Warren hires more people in the DENIAL department, than he Does in the CLAIMS department.

Everybody in the INSURANCE racket now follows warrens model,

Then of course 60's to present he bought companys on credit (5%) down, stripped their CASH pension funds sold all assets (TREES/OIL), and then used the CASH to pay off the DEBT for buying the company, then resold the company's ... wash&repeat made him the richest man in the world.

BUT world class asshole none the less.

As american as america pie, I mean american NAZISM

A DEMOCRAT,... yep just goes to show you that a DEMOCRAT can be a NAZI too ...

 

Sat, 01/25/2014 - 21:06 | 4367584 pitz
pitz's picture

Yeah Buffet is the grand-daddy of all leverage junkies. 

Sun, 01/26/2014 - 17:01 | 4369047 LMAOLORI
LMAOLORI's picture

 

And now they want to add him to the TOO BIG TO FAIL TOO BIG TO JAIL LIST

Dad, Someday Can I Grow Up to Be Too Big to Fail?

http://www.bloomberg.com/news/2014-01-23/dad-someday-can-i-grow-up-to-be...

Sat, 01/25/2014 - 15:33 | 4367051 Skateboarder
Skateboarder's picture

He got away with the "hey, I'm just a nice ol man" meme for a long time. His senility is shedding light on his true self. Scary thing is that a lot of people still think he's a swell guy, etc.

Sat, 01/25/2014 - 16:00 | 4367092 Dr Benway
Dr Benway's picture

The scary thing is that a lot of people still think he's a "great investor" and not a cheating crony cartel crook. Even on ZH you'll find occasional articles verbally fellating this piece of shit.

Sat, 01/25/2014 - 17:46 | 4367288 Papasmurf
Papasmurf's picture

You have to admit though, he is best at what he does.

Sat, 01/25/2014 - 21:34 | 4367616 old naughty
old naughty's picture

only if he admits to being best at 'derivative' insurance; those preimum pools spread so thin you need to sweep under obummbercare.

Sun, 01/26/2014 - 09:56 | 4368174 SAT 800
SAT 800's picture

I'm not admitting that until I figure out what the fuck it is that he does do.

Sat, 01/25/2014 - 16:38 | 4367142 BidnessMan
BidnessMan's picture

Clark Griswold rant on Frank Shirley Warren Buffet

http://www.youtube.com/watch?v=KNFXk0GFiHc

 

Sat, 01/25/2014 - 15:45 | 4367075 thunderchief
thunderchief's picture

I hope Jamie and all his rich friends get the biggest bonuses ever...

And very soon after are taken out and put in front of a firing squad.

Looking at the world, I think many have had enough of these fools.

Sat, 01/25/2014 - 17:30 | 4367250 sessinpo
sessinpo's picture

Can we please tar and feather them first before the firing squad? Straight to execution is to easy for them and I am not being sarcastic.

Sun, 01/26/2014 - 09:56 | 4368173 SAT 800
SAT 800's picture

hmm; well, okay. but  just this once.

Sat, 01/25/2014 - 17:29 | 4367246 williambanzai7
williambanzai7's picture

Sat, 01/25/2014 - 17:32 | 4367254 resurger
resurger's picture

EPIC!

Sat, 01/25/2014 - 20:22 | 4367516 Atomizer
Atomizer's picture

Grandpa,

All tucked in with cookies and milk on my nightstand. Read me the story about how you became the Market Oracle on the influences of a few insiders? Pleeeeeasssseeeee grandpa?

Sat, 01/25/2014 - 18:30 | 4367364 falak pema
falak pema's picture

gee, white man's burden delivers good  jungle medicine after all. 

Calling Dr Albert Buffet, calling Dr Albert Buffet; alligators looking forward to a nice juicy steak straight from Kansas beef farm.

Sat, 01/25/2014 - 20:39 | 4367546 pupdog1
pupdog1's picture

Buffett is wildly popular, even in Detroit.

Sat, 01/25/2014 - 19:01 | 4367405 Offthebeach
Offthebeach's picture

Southeastern Mass.

Today drove by Salvation Army Thrift Store/Family Center.

Every parking lot was filled. I drove around the building. The auxiliary satellite lot across the road was filled. There was even a little 'that's my space ' tension for opening spaces.

Forward!

Sat, 01/25/2014 - 21:04 | 4367560 pupdog1
pupdog1's picture

It's exactly the same here (upper midwest)...

I rebuild and restore antiques as one of my sick and twisted little hobbies. I used to find fabulous pieces--really iconic best-ever-made stuff--at Goodwill for a few bucks. Several years ago, It was typically just me and maybe one or two other skanks in the joint. Now, you can't even get in the lot. I don't bother any more.

And now there are 15 vacant stores in my local mall--the biggest and fanciest in the state. And not one of them has an [insert cheap Chinese junk clothing store name here] opening soon (!) sign in the papered-over window. Previously, I have never seen more than the inevitable couple of stores changing hands at any given time. A lot of these spaces have been there for a year, and now the are really piling up.

You might not believe a ZH article, but there is a point at which you have to belive your own eyes.

Sun, 01/26/2014 - 09:53 | 4368169 SAT 800
SAT 800's picture

"A bargain" !---Jeez, they should get a room, already.

Sat, 01/25/2014 - 14:41 | 4366953 vmromk
vmromk's picture

Mr. Buffett, I sure do hope you are still alive when the shit hits the fan.
My dream is to see you and Dimon hanging from the same lampost, you MOTHERFUCKER.

Sat, 01/25/2014 - 15:19 | 4367019 DirkDiggler11
DirkDiggler11's picture

+1 MM vmromk !!!! I share the same dream with Buffett and Dimon acting as human ornaments for the town,

I'm sure that Satan nas two of the hottest hinges of hell reserved for his best subjects, Buffett and Jamie D..

Sat, 01/25/2014 - 18:07 | 4367320 Kirk2NCC1701
Kirk2NCC1701's picture

You called him a MF, which is just another word for "Dad".  Not so sure he still "does" his kids' mother.

His treasure lies elsewhere, so his heart and head can't be far from that.

Sun, 01/26/2014 - 05:53 | 4368026 bunnyswanson
bunnyswanson's picture

It's someone who wants to fuck their mother if you want to analyze it.  The fact is there has been a transfer of wealth, and this man, Mr. Buffett is sitting on some of it.  This orchestrated transfer of wealth has left a road ablaze to the piflerers and shysters.  This scam called globalization will kill hundreds of millions of people.  Had they explored another method to reach the top of this ladder dripping in blood and anguish?  If so, I have not heard of it.  This makes them murdering thieves, MoFo.

 

 

Sat, 01/25/2014 - 14:41 | 4366956 Ignatius
Ignatius's picture

"Were it not for government bailouts, for which Buffett lobbied hard, many of his company’s stock holdings would have been wiped out."

Any questions?

Sat, 01/25/2014 - 14:46 | 4366964 disabledvet
disabledvet's picture

My understanding was that it was he that was lobbied not the other way around.

Microsoft had a great day yesterday.

Sat, 01/25/2014 - 17:12 | 4367217 bobert
bobert's picture

Preferred stock deals Vet.

Him earning 8% and in a secure position in front of other investors.

Sat, 01/25/2014 - 15:37 | 4367055 Blankenstein
Blankenstein's picture

 

 

"Get down on their knees and thank The Lord that Bernanke was there."  - Buffett

 

http://dailybail.com/home/warren-buffett-get-down-on-your-knees-and-than...

 

Bernanke in action:

http://www.youtube.com/watch?v=9QpD64GUoXw

Sat, 01/25/2014 - 14:42 | 4366958 Quinvarius
Quinvarius's picture

Last week is really smoking out the cockroaches.

Sat, 01/25/2014 - 14:44 | 4366960 disabledvet
disabledvet's picture

Coming from Warren this truly is a compliment. Having said that Jamie still has a Bank to run.

With still no recovery in sight....sure "he's a bargain." But how about the Bank?

Are they creating capital here? Or still just "betting on recovery" while hedging?

They all pay themselves well...the irony that it was Bill Gross who got "kicked out of the club" however is not lost on me.

All those redemptions...just in time for...

Sat, 01/25/2014 - 16:44 | 4367162 negative rates
negative rates's picture

PAY THE PIPER MOTHER FUCKER!*

Sat, 01/25/2014 - 14:49 | 4366971 Bearwagon
Bearwagon's picture

Wait patiently, people, and the day will come, when someone will stare down his bootleg into ole Dimon's eyes and say: "And that's why I am more alive than you!"

Sat, 01/25/2014 - 14:57 | 4366974 El Vaquero
El Vaquero's picture

Choke on a dick, Warren.

Sat, 01/25/2014 - 14:59 | 4366977 NOTW777
NOTW777's picture

what does it profit a man to gain the whole world and lose his soul

Sat, 01/25/2014 - 15:03 | 4366984 Bearwagon
Bearwagon's picture

Such philosophical questions only disturb the regular business ...  ;-)

Sat, 01/25/2014 - 17:14 | 4367219 bobert
bobert's picture

Spiritual question Bear.

Sun, 01/26/2014 - 06:20 | 4368035 Bearwagon
Bearwagon's picture

My german is much better! ;-)

Sat, 01/25/2014 - 15:28 | 4367040 Five8Charlie
Five8Charlie's picture

Reptiles don't have souls.

Sat, 01/25/2014 - 15:43 | 4367070 johny2
johny2's picture

reptiles are much nicer beings than buffet and dimon. and so are the spiders, flies etc. they are even bellow parasites as it takes a human to behave like a parasite and at the same time talk about justice.

Sat, 01/25/2014 - 15:55 | 4367088 FinalEvent
FinalEvent's picture

I think he ment reptillian

Sat, 01/25/2014 - 15:03 | 4366979 One And Only
One And Only's picture

These uber rich people are really getting senial.

Someone forgot to feed Uncle Warren his crazy pills.

Sun, 01/26/2014 - 05:10 | 4368002 bunnyswanson
bunnyswanson's picture

 

Delirious is how I would describe them.  Dr. Feelgood still alive?

https://www.google.com/#q=delirious

de·lir·i·ous di?li(?)r??s/ adjective adjective: delirious 1. in an acutely disturbed state of mind resulting from illness or intoxication and characterized by restlessness, illusions, and incoherence of thought and speech. synonyms: incoherent, raving, babbling, irrational; More
Sat, 01/25/2014 - 15:03 | 4366985 Dingleberry
Dingleberry's picture

Another insight from Uncle "Bath Tub" Warren......

Sat, 01/25/2014 - 15:06 | 4366989 PaperBear
PaperBear's picture

How many criminal acts has JPM engaged in recently ?

Sat, 01/25/2014 - 15:10 | 4366996 Winston Churchill
Winston Churchill's picture

All of them.

Sat, 01/25/2014 - 15:07 | 4366993 One And Only
One And Only's picture

The cartoon is missing the being an accessory to Madoff thing.

Sat, 01/25/2014 - 15:07 | 4366994 GrinandBearit
GrinandBearit's picture

Please die already you old crony coot.

Sat, 01/25/2014 - 15:15 | 4367011 Lord Koos
Lord Koos's picture

Heckuva job, Brownie!

Sat, 01/25/2014 - 15:15 | 4367013 ebworthen
ebworthen's picture

Buffet vying to beat Dimon to the hanging tree first.

Sat, 01/25/2014 - 15:20 | 4367020 Motorhead
Motorhead's picture

Buffett...what a f'in sleaze.

Sat, 01/25/2014 - 15:21 | 4367022 NOZZLE
NOZZLE's picture

How TurdBuffet' got rich:  Back in the 50's,60's and 70's when inheritance taxes were 100% of anything over $500,000, if you had a successful family owned manufacturing company and croaked, your heirs would be foreced to sell your scucessful company  just to pay the taxes on what little they were left with.  Enter the kindly grandfather TurdBuffet' who would be there with the cash in one hand while lobbying against inheritance tax elimiantion with the other.

Sat, 01/25/2014 - 17:16 | 4367222 bobert
bobert's picture

Pennies on the dollar Buffet.

Sat, 01/25/2014 - 20:51 | 4367559 satoshi101
satoshi101's picture

"American Class Asshole"

Yep, americKKKa loves BUFFETT, at least their told so,..

Amerikkka loves BRK.A, every pension fund has a slice,... every pensioner profits from raping his lessor brother

The USA is a nation of brother fuckers. New? Nope, been this way since USA was a UK penal colony pre 1776.

Sat, 01/25/2014 - 15:26 | 4367036 highwaytoserfdom
highwaytoserfdom's picture

People involved in the business have been watching this crony capitalism for some time.  The banking crony capital is open to better understanding of the collectivist attack on anyone attempting to create as opposed to consolidate.  Particularly evidenced in financial. technology and health sectors.   No free market and no laws.  TARP had the FED collateral table printing 85c on a market priced at 8c. Never mind the commercial paper crime at GE.   It is nothing more than JP Morgan and Edison stealing from Tesla to get Niagara Falls power plants.   Japan dealt with there bubble by having there top banks become irrelevant. Now we have Krugman saying we have the guns so....       Howard Beal em all....

http://www.ecominoes.com/2013/03/warren-buffets-railroad-cronyism-in-one...

Sat, 01/25/2014 - 15:28 | 4367041 Dr. Gonzo
Dr. Gonzo's picture

I wish both motherfuckers were locked up. 

Sat, 01/25/2014 - 15:29 | 4367042 bunnyswanson
bunnyswanson's picture

The nerve.  At what cost, Mr. Buffet,?  At what cost will society have to pay in order to make up for your mother's conditional love, your small penis, your running scared?  AT WHAT PRICE?  HOW MUCH BLOOD WILL IT TAKE FOR YOU TO FEEL LIKE A MAN?

Sat, 01/25/2014 - 16:53 | 4367137 Emergency Ward
Emergency Ward's picture

Blood? if you stuck him with a needle he wouldn't bleed.

Sat, 01/25/2014 - 15:35 | 4367053 foxmuldar
foxmuldar's picture

Buffett is just another con artist. He knew what banks were going to get bailed out before he bought their stock dirt cheap. He's no better then Mr. Madoff. 

Sat, 01/25/2014 - 15:36 | 4367054 monad
monad's picture

They're just fucking with you.

Sat, 01/25/2014 - 15:41 | 4367064 Seasmoke
Seasmoke's picture

Hang the old fuck, with yukele strings !!!

Sat, 01/25/2014 - 15:55 | 4367087 sunnyside
sunnyside's picture

But does he pay Becky Quick $20 million?

Sat, 01/25/2014 - 16:54 | 4367182 DirkDiggler11
DirkDiggler11's picture

Yes, $20MM for Becky's child, seem Uncle Warren B has a thing for young children. Just another reason WB will burn in hell.

Sat, 01/25/2014 - 16:06 | 4367102 villainvomit
villainvomit's picture

Warren and Jamie should be put on pay per view in a fight to the death.  I'd pay $100 to watch.

Next week, the winner gets ...uhm hell insert name, there is just too many to choose from. 

 

 

 

Sat, 01/25/2014 - 16:12 | 4367114 villainvomit
villainvomit's picture

Hey, don't forget the womerns.....first match would be Hillary the Killary Klinton vs ......

Sat, 01/25/2014 - 17:19 | 4367229 bobert
bobert's picture

Gwen Ifle

Sun, 01/26/2014 - 01:31 | 4367918 villainvomit
villainvomit's picture

hey that works but she's gotta have a fight name.......

Sat, 01/25/2014 - 16:18 | 4367113 jack stephan
jack stephan's picture

I guess a modern day jay gouldish ghoul, but now you can leverage into forever. Yeah just we need a summers eve circle jerk crew that levers it up into the quintillions. That easily enough to wipe out everything that you may have ever liked about this place. We're just ants to these toads on a helicopter ride or Lear jet. Never worked a day in their lives or looked someone in the eye.

They always have a woman spokesman woman whatever to distribute the dribble or fire off people because you're less likely to react in violence when you get shitcanned. Typical bitch move.

The have no loyalty to anyone below the helipad, to bad we still live here. They are countries all to themselves now, with America infiltrated already with them in the utility and Infrastructure business and all else. They try to make it set so you can never rid yourselves of the tentacles. But I'm beating a dead horse. Again.

Sat, 01/25/2014 - 16:22 | 4367120 ArrestBobRubin
ArrestBobRubin's picture

Where's the hellfire missles when the Real Terrorists are preening at their annual Davos circle-jerk?

C'mon Obama, they're sitting ducks.

Sat, 01/25/2014 - 16:25 | 4367126 syntaxterror
syntaxterror's picture

Lying sack of shit. That cheap senile bastard won't even buy a new car let alone pay a talentless bankster $30 million per year. Anyone can turn a big profit off of infinite free money at 0.0% interest.

Sat, 01/25/2014 - 17:21 | 4367233 bobert
bobert's picture

The car doesn't make him money.

The bankster does.

Sat, 01/25/2014 - 17:47 | 4367293 syntaxterror
syntaxterror's picture

And apparently neither the car nor the talentless bankster go to jail after being engaged in felonies.

Sat, 01/25/2014 - 16:34 | 4367133 RaceToTheBottom
RaceToTheBottom's picture

Yet, folksy Muppets love the down to earth Buffett.

Sat, 01/25/2014 - 16:37 | 4367140 U4 eee aaa
U4 eee aaa's picture

Once again Buffett tries the Jedi mind trick and fails miserably

I believe there needs to be some righteousness behind your actions when you use it Warren (and [generally] profit or tormenting the peasants isn't righteous)

Sat, 01/25/2014 - 16:44 | 4367161 ILikeBoats
ILikeBoats's picture

He is a creature of fiat... when fiat dies, so will his "empire" built on lies and paper money.

Sat, 01/25/2014 - 16:54 | 4367165 Emergency Ward
Emergency Ward's picture

$oros and Buffett$ will pledge mega-bucks to get warmongering "environmentalist" bank-crony Hitlery Klinton elected.  More war-profiteering for $oros, no pipelines for Buffett's competitors and more taxpayer dough for Buffett's banks.

Sat, 01/25/2014 - 17:23 | 4367237 bobert
bobert's picture

So true ER.

Sat, 01/25/2014 - 18:28 | 4367361 LMAOLORI
LMAOLORI's picture

 

 

1 loved the blood comment lol

 

We might get a pipeline now that crony buffet is in...

Warren Buffett Buys Stake in Pipeline Company on Same Day as North Dakota Oil Train Explosion
Sat, 01/25/2014 - 17:07 | 4367173 falak pema
falak pema's picture

Oligarchs like Kings have to stick together in tuff times and only split up when the Titanic becomes unsustainable; then its every man for himself. Thieves fall out when the game goes from push to mad shove or when the pushover of masses becomes an enticing rainbow to pick up golden apples. One way or the other, hubris or fear tears them apart.

Here is an amusing twist to the 1% hype of american corporate exceptionalism as practiced in the Bay area :

Tom Perkins WSJ Letter - Business Insider

People treat the 1% rich like the Nazis treated the 1% Jews during Krystalnacht....

Now that is one hellva analogy.

Sat, 01/25/2014 - 16:51 | 4367178 MarcusAurelius
MarcusAurelius's picture

I don'think Matt Taibbi could have written it any better Tyler. You need to write more of your blogs with the same sort of "buffet seeking close encounters of the rectal sort with Dimon" sarcasm, to drive home the point (no pun intended) in a satiracle and comedic way. Trust me my friend you'll sleep better and I will worry less about the possible megative effect so much negativity is having on you. 

Sat, 01/25/2014 - 18:14 | 4367332 LMAOLORI
LMAOLORI's picture

 

Good job on this story!

I have to be one of the biggest haters of buffet's cronyism on here I expose his corruption every chance I get. Now I'm going to have to start on that douche bag jamie demon. Remember those presidential cuff links? Remember Obama telling us how smart Jamie is?  Warren's not the only one who's in bed with obama.

 

President Obama's Favorite Banker

 

Sat, 01/25/2014 - 20:54 | 4367568 pupdog1
pupdog1's picture

Remember the video showing out National Buffoon, Joe Biden, proclaiming that Jon Corzine was his uber-go-to guy in all matters financial?

Sat, 01/25/2014 - 20:57 | 4367573 pupdog1
pupdog1's picture

Remember the video showing our National Buffoon, Joe Biden, proclaiming that Jon Corzine was his uber-go-to guy in all matters financial?

Sun, 01/26/2014 - 10:24 | 4368205 SAT 800
SAT 800's picture

Well you have to give Obammy a break on the how smart he is thing; I mean, Jamie can speak english without a teleprompter and add and subtract and shit like that; you know; it's pretty overwhelming for him.

Sat, 01/25/2014 - 18:42 | 4367383 Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

Used to admire ol' Warren, but now he's like a rich guy in the old Soviet Union, profiting only because of connections to The State.

Sad. There are no super wealthy Capitalists, just fascists.

Sat, 01/25/2014 - 19:02 | 4367403 GhostInTheMachine
GhostInTheMachine's picture

Instead of joining the buffett-bashing, I think I choose to go contrarian on this one.

Listen, do you think Michael Burry spend his days on UCLA buffett bashing on blogs, don't think so. Instead he read Marry Buffett's "Buffetology", Graham's "intelligent investor" and Phisher's "Commons stocks..." and what did he do, got 40% annually if I remember correctly trading stocks for his Scion Capt. fund. Then made a bet against CDOs thus kicking Goldman in their Sacks and then defaced that blubber face Greenspan and his croonies in NY Times op-ed. Now that's action, that's how you give the finger to the criminals. Go out there people, learn to play that stocks game, beat those asholes in their own game. I'm doing it and so are plenty of people out there. There is plenty of blogs out there with recipies: http://buffettfordummies.blogspot.com/  Go download Burrey's blog entries: http://csinvesting.org/wp-content/uploads/2013/07/Michael-Burry-Case-Stu...

And trust me writing simple profitable fx trading algos is not rocket science either. I like a good bashing but it doesn't leave a bad aftertaste in my mouth when I know I' m not getting totally screwed by the machine.

Sat, 01/25/2014 - 19:18 | 4367436 BrigstockBoy
BrigstockBoy's picture

Warren Fucking Buffett, the guy who said to Charlie Rose in 2008: "We need - we have a terrific economy. It's like a great athlete that's had a cardiac arrest. And it's flat on the floor, and paramedics have arrived."


How many world class athletes are suddenly struck down by a heart attack unless they're on some type of performance enhancing drugs? And Hank Paulsen was the fucking paramedic?

Sat, 01/25/2014 - 19:20 | 4367439 bankonzhongguo
bankonzhongguo's picture

Someday Buffet will be dead.

The Sun will shine a little brighter that day.

Buffet is a fascist. 

Just like Hitler, Stalin and Mao.

Thanks for all your hard hard work Warren.

 

Sat, 01/25/2014 - 19:23 | 4367441 JPMorgan
JPMorgan's picture

I have something Buffett and all his wealth can't buy... time!

At 86 his time is rapidly running out.

Sat, 01/25/2014 - 19:34 | 4367453 NuYawkFrankie
NuYawkFrankie's picture

Knock, Knock!   Who's there?

Warrant, Buffet!

Sat, 01/25/2014 - 20:35 | 4367534 WhAt_WeRe_YoU_t...
WhAt_WeRe_YoU_tHiNkInG's picture

In all honesty... Buffett is an amazing capitalist. Lets not forget that the right to lobby the governemnt is in your laws. Plus to be completely honest the vast majority of you have no idea how close the U.S. and the western world fot that matter were to the end of our economies. I sure as hell enjoy speaking english and living in a safe country. Whoever disagrees I hear Argentina is nice this time of year. ohhh yeah and start learning mandarin.    

Sat, 01/25/2014 - 21:17 | 4367599 Blankenstein
Blankenstein's picture

 

"Plus to be completely honest the vast majority of you have no idea how close the U.S. and the western world fot that matter were to the end of our economies."

 

If this is true, why isn't anyone in jail for bringing us so close to "the end of our economies"?  

Sat, 01/25/2014 - 23:28 | 4367768 Constitutional ...
Constitutional Republic's picture

WhatWereYouThinking,

What are you thinking?! You are a clear case of Stockholm Syndrome, whereby the captive admires the captor, for fear of suffering more harm.

Get off your knees. That's undignified.

Sat, 01/25/2014 - 20:51 | 4367556 Constitutional ...
Constitutional Republic's picture

Anyone who has heard Dimon speak, let alone see him operate, knows that he is a thug. His pay rise is hush money, imo. He knows who did what when and why. The banksters and congresscritters are scared of what he knows.  This is a shakedown, so his lips are sealed, and their secrets are safe.

Crony capitalist Buffett must be in deep trouble to come out with this gush, like a school child.

Sun, 01/26/2014 - 00:45 | 4367876 dexter_morgan
dexter_morgan's picture

"Crony capitalist Buffett must be in deep trouble......."   We can always hope!

Sat, 01/25/2014 - 21:35 | 4367619 tradewithdave
tradewithdave's picture

A lawyer told me once... "I make so much because I have to lay in bed knowing secrets about my clients that I can't even tell my wife." Based on that thesis Warren is correct.

Sat, 01/25/2014 - 21:47 | 4367638 yogibear
yogibear's picture

A arrogant lying SOB under that grey hair. Tough it out all-right.

No wonder Buffet and Gates (Mr death panels)  get along so well together.

Sat, 01/25/2014 - 22:30 | 4367691 Joe_in_Indiana
Joe_in_Indiana's picture

One Unethical person praising another unethical person  --  my response to both of them is this  "Have you no sense of decency?" 

Sun, 01/26/2014 - 02:08 | 4367753 Johnny Cocknballs
Johnny Cocknballs's picture

Jamie Dimon is a genuine financial wiz in the same way he's "Greek."

Sun, 01/26/2014 - 00:34 | 4367867 pupdog1
pupdog1's picture

Warren had me until he started pimpin' for the Squid several years ago.

Now he's pimpin' for the biggest banking fraudster in world history.

The don't have Omaha Steaks and Dilly Bars and Cherry Cokes in hell, bitch.

Not at any price.

 

Sun, 01/26/2014 - 03:45 | 4367971 stocksystm
stocksystm's picture

Buffett ripped me off personally by lowballing a bid on one of my larger holdings (Clayton Homes), which a slim majority of shareholders accepted because they were in awe of his presence.  God damn people are so stupid.

Sun, 01/26/2014 - 03:52 | 4367973 Rock On Roger
Rock On Roger's picture

So a greedy bastard ripped off a greedy cunt?

Wanker

 

Stack On

Sun, 01/26/2014 - 06:02 | 4368031 Disenchanted
Disenchanted's picture

Calling Omaha...Would someone there please stuff a railroad car in Warren's orifice.

Pretty please?

Sun, 01/26/2014 - 18:31 | 4369237 esum
esum's picture

what kind of a fucking asshole would increase someone's pay by 74% after paying $20 billion and counting in fines....????? and exactly when is the fucking fat cat buffoon going to pay the $2.5 billion in back taxes to the IRS.... 

this is simply the fat cats shitting in the face of the rest of the population essentially demonstrating they dont give a flying rats ass fuck and they own the shoe shine boy government from the WH to the DOJ and the IRS.... the rest of you useless protoplasm can eat shit and die.... the epitome of arrogance..... 

Sun, 01/26/2014 - 18:38 | 4369250 esum
esum's picture

jamie called and warren said

let me know when you can squeal like a pig

"oh", "oo" and "ee" "oh", "oo" and "ee" "oh", "oo" and "ee"

nah yuo need more practice

 

Sun, 01/26/2014 - 19:18 | 4369361 yepyep
yepyep's picture

i love the fairy tales they show on bloomberg where they tell you the warren buffet story, fantastic propaganda, the most honest man in finance with an eye for numbers and a nack for sorting out complicated legal situations his company always seems to find themselves in but turns out no laws are ever broken as warren and his mate bill gates use philanthropy to save the world.

Mon, 01/27/2014 - 09:25 | 4370772 kenezen
kenezen's picture

I have to go with ghostinthemachines and be Contrarian. Buffet's right. Jamie Dimon runs  a profitable institution that survived the crash better than any other Large Banks. He probably has better international structures to survive the next crash. I trust him far more than our Government ability to survive the next one. 

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