Warren Buffett praises bailout efforts

So how much AIG stock do you currently own - and how many shares will you be buying this afternoon?

None you say?

If you don't think that it is a good investment for you personally - why do you think that it is a good investment for taxpayers with borrowed money to be paid back by our grandchildren?

And you can keep the grandpa advise.

Nothing that you can tell me about investing or business could possibly be of any use to me.

I have done fine thus far without the benefit of your blurred view of the world.

 

How does one have a discussion on economics with someone that thinks that he has a profit before he sells?

Tell me Crabby, since the stores are filled to the rafters with products, cars are packed into the autodealer sales lots, millions of houses are listed for sale...

Why doesn't everyone think that the economy is great?

I mean by your definition there is profit everywhere.

Every business with an inventory is profitable in Mr. Magoo's view of the economy - all they have to do is sell it.

 

GOOD!!!!!!!

I doubt you actually leave, you are just throwing a tantrum, poor Curtis!

 

Come on Curtis, put on your big boy pants and try to debate.

 

But your posts don't say "paper profits" "potential profit" or "if they find a buyer".

You have insisted over and over that the bailout has resulted in PROFIT to the government.

In reality there is a potential for LOSS isn't there?

Even the Treasury is admitting that in the end there will be a loss.

If you really think that this was a great deal why aren't you buying AIG stock?

 

Most sensible, practical post to date!!!!!!:thumbs::thumbs:

 

Then you need to stop insisting that the bailout returned a profit.

There is no profit until the Treasury gets our money back - all of it.

Not just two thirds.

 

which one?

 

I keep waiting for Crabby to say, "We had to destroy the economy in order to save it."

 

Save it for who? Stand outside of Pine/Water & Wall streets....It's still business as usual. Still limo's drop em off & pick em up. Ask yourself who benefits from the trillions of dollars of your tax money.....Perhaps Who?

 

Maybe Crabby will say, "I love the smell of deficit spending bailouts in the morning."

 

Note how nobody is buying his "To Big To Fail" Propaganda. Make sure you write your congressman to make sure theyre putting new regulations on this jolly bunch of crooks because if we as a country continue down this path we are doomed.