Double Tap For Octogenarian Of Omaha: Wells Downgraded From A1 To A2

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Wed, 09/21/2011 - 12:58 | 1693005 Dr. Engali
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Come on do something bold. Be honest and downgrade them to junk. Doesn't Warren own Moody's ?

Wed, 09/21/2011 - 13:03 | 1693046 BrocilyBeef
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Slooooow progress.

Wed, 09/21/2011 - 13:07 | 1693071 Landrew
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Yes, Mr Potter owns Moody's

Wed, 09/21/2011 - 13:09 | 1693085 Clorox Cowboy
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Keep in mind that Grandpa Warren has the magical ability to grant Quadruple A ratings all by himself!  These "official" downgrades are merely a transitory annoyance for the Oracle.

Wed, 09/21/2011 - 12:57 | 1693007 Belarus
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The worms are all turning on one another. The rush to gold and silver is on.

Wed, 09/21/2011 - 13:06 | 1693060 BrocilyBeef
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not yet. I think we haven't seen "the rush."

Tickets to this play have a different plot for each seat.

Plenty of people are still watching "The Stage" for the show...

Wed, 09/21/2011 - 12:57 | 1693008 Robslob
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The double tap...priceless.

The market continues to levitate waiting on 1 man!

Wed, 09/21/2011 - 12:58 | 1693010 Ahmeexnal
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Buffet is a moron.

His head will soon fall into a basket.

Wed, 09/21/2011 - 12:58 | 1693013 Don Birnam
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As Raymond Chandler would say,

"Two in the hat."

Wed, 09/21/2011 - 13:31 | 1693247 WonderDawg
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A fellow Raymond Chandler fan. I admire your taste in literature, sir.

Wed, 09/21/2011 - 12:59 | 1693019 nyse
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Double Tap?

One in the pink, two in the stink?

Wed, 09/21/2011 - 12:59 | 1693020 buzzsaw99
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Tackled by our own man!

Wed, 09/21/2011 - 12:59 | 1693021 digalert
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Relax Warren, you've got a tax in your name...


Wed, 09/21/2011 - 12:59 | 1693025 MayIMommaDogFac...
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Wed, 09/21/2011 - 13:00 | 1693028 Xibalba
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Old relic....should be put down already. 

Wed, 09/21/2011 - 13:00 | 1693029 lieutenantjohnchard
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here's to wishing that moody's and s&p are to banks what the gold pool and the current bullion banks are to gold and silver. may the banks enjoy the fish line drop.

Wed, 09/21/2011 - 13:01 | 1693033 jesus_quintana
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Buffett tells Obama how to tax the country and all he gets is this lousy shirt that says "I got double penetrated by Moody's on Central Planning day"

I hope they didn't waste any lube on the old bastard.

Wed, 09/21/2011 - 13:18 | 1693146 Moe Howard
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I think they are going for the trifecta, making him waterproof.

Wed, 09/21/2011 - 13:01 | 1693036 fyrebird
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Maybe Moody's has it in for Warren on account of him dumping their stock from his holdings. It's as bad as dumping a woman, I swear.

Repeat after me: Hell hath no fury like a ratings agency.

Wed, 09/21/2011 - 13:02 | 1693040 SheepDog-One
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OH snap, the geezer takes one right up the kornhole!!

Fri, 09/30/2011 - 12:49 | 1726304 Freddie
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The evil old con man needs to have Nebraska korn kobs shoved up his rectal orifice.

Wed, 09/21/2011 - 13:02 | 1693042 Gubbmint Cheese
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the old DP.. priceless. Thx TD

Wed, 09/21/2011 - 13:03 | 1693044 junkyardjack
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Makes me wonder what Obama and Buffett were talking about on the phone a few weeks ago before the BAC investment.  The Fed FTW!

Wed, 09/21/2011 - 13:13 | 1693110 Temporalist
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Choice of lubes?

Wed, 09/21/2011 - 13:03 | 1693047 Sqworl
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LMAO..double penetration...priceless

Wed, 09/21/2011 - 13:38 | 1693291 pods
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I wonder if Warren auditioned for that Ned Beatty part a long time ago?

Could see his old ass scrambling up a hill in his tighty whities.

"He gotta a real pretty mouth ain't he?"


Wed, 09/21/2011 - 14:19 | 1693497 TheFourthStooge-ing
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Squeal like a PIIG, gramps!


Wed, 09/21/2011 - 13:04 | 1693050 ZeroPoint
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Was it really a double penetration or was it a dirty ass-to-mouth for old Warren?

Wed, 09/21/2011 - 14:21 | 1693504 TheFourthStooge-ing
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Was it really a double penetration or was it a dirty ass-to-mouth for old Warren?

A2M2M: ass to mouth to Munger


Wed, 09/21/2011 - 13:04 | 1693052 LasVegasDave
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theres gonna be blood in that bathwater

Wed, 09/21/2011 - 13:06 | 1693065 BrocilyBeef
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and lots of pee.

Wed, 09/21/2011 - 13:12 | 1693106 Temporalist
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And dying old-man skin and.

Wed, 09/21/2011 - 13:04 | 1693054 Jumbotron
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"I got double penetrated by Moody's on Central Planning day"

First I did a spit take of my coffee when I read that it was so funny.

Then I imagined how that would look and lost my lunch.

Thanks Tyler....that's the way for me to give up caffeine and lose weight at the same time.

Wed, 09/21/2011 - 13:07 | 1693070 BrocilyBeef
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life is good! It's nice to see around the bullshit.

Wed, 09/21/2011 - 13:05 | 1693056 lolmao500
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Have a heart attack Buffet!! You won't be missed!

Wed, 09/21/2011 - 13:05 | 1693057 Dr. Engali
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Hey I just realized something. Five days ago was my one year anniversary at the hedge. No flowers no kiss my ass... nothing. Tyler I'm concerned that we are starting to drift. :)

Wed, 09/21/2011 - 13:05 | 1693058 IQ 145
IQ 145's picture

The market reaction for WFC lasted about 4 minutes; it's now high on the day; good bargain available on BAC at $6.52.

Wed, 09/21/2011 - 13:11 | 1693100 Landrew
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A better bargin at .99 ha! I played C all the way down and picked up 5k at .99 this to will pass!

Wed, 09/21/2011 - 13:06 | 1693061 CrimsonAvenger
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Is it odd that they're announcing these just minutes before the Fed announcement? Trying to bury them in larger news?

Wed, 09/21/2011 - 13:08 | 1693079 NotApplicable
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Manufacturing consent via TINA.

Wed, 09/21/2011 - 13:09 | 1693088 Temporalist
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Perhaps it is that they are in the news so they can be used as an excuse to bailout more failures and do Bernankes favorite pastime...printing.

Wed, 09/21/2011 - 13:07 | 1693068 NotApplicable
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So, in reality, the ratings for the banks didn't fall, but faith in the "political will" to support them did.

Sounds like a setup for a political mandate to me. How many more minutes before Bennie takes the stage?

Wed, 09/21/2011 - 13:07 | 1693069 Temporalist
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I guess as investors one can side with Buffett and choose not to bury a metal in the ground and instead invest in fraudulent govt. backed banks that rob taxpayers and customers.

Wed, 09/21/2011 - 13:08 | 1693076 Storch
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What happens to the rules of space and time if Moody's downgrades itself?  

Wed, 09/21/2011 - 13:08 | 1693080 LeonardoFibonacci
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Wed, 09/21/2011 - 13:09 | 1693086 LeonardoFibonacci
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Hey Tyler keep them coming superb stuff! 

Wed, 09/21/2011 - 13:09 | 1693087 equity_momo
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Bad news comes in 3s. Still one more to downgrade will be Berkshire itself.

And then it'll be more of a "2 to the chest and 1 to the head"

Wed, 09/21/2011 - 13:10 | 1693095 Quinvarius
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Dude, that is the funniest first sentence of anything I have read in a long time.

Wed, 09/21/2011 - 13:13 | 1693111 Texas Ginslinger
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Buffet owns 13% of Moodys, and 2.8% of Wells Fargo.

With this downgrade of WF should come a drop in stock price.

Hey, Warren, BTFD...

Wed, 09/21/2011 - 13:21 | 1693180 pelican
pelican's picture

The stock market has gone up since this announcement. Interesting behavior to watch people run into a burning building when they are not firemen.

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