i didnt know there was another thread on this issue... Ooooops! Warrent Buffett ................ for president!
Granny says he got more money den God... Has Warren Buffett just called the bank bottom? August 25, 2011: Berkshire Hathway's Warren Buffett has made a big investment in Bank of America. But is the worst really over for the stock? See also: Bank deposits hit record high of nearly $10 trillion August 25, 2011: Americans have more money saved up in bank accounts than ever before.
Granny says ol' Warren is right... Man Behind Obamas 'Buffett Rule' Calls For Tax Fairness September 23, 2011 - One of the most controversial pieces of President Barack Obamas economic plan is named for one of the richest men in the world. The president calls his proposal to raise taxes on wealthy individuals and corporations The Buffett Rule. Some Republicans are calling it class warfare.
Buffet is no fool investor, He kinows, that most of the EU and all of the USA will be in mega debt now and for many years to come. As a result Buffet is buying BOA or BAC (symbol) low now when the stock is near rock bottom. Why, because if it fails he only loses $2.25, if it goes up, it will be $35-$60, Can you do simple math? If Citi or (C) (Tim Githner's company) did not do a 20x reverse split in March 2011, you can bet Buffet would have bought them out at $2.50 a share. Today, Citi's $40 stock would have been about $3 a share in todays market. Also, with corporations sucking off governments and taxpayers, more and more, every State in the Union will be further in debt. And guess where those US States will turn to for money to fund their over sized public school districts? You bet ya. Also, the States will be selling off massive amounts of Muni Bonds to cover their debt, and guess where they will turn to? You may be catching on. But then again if you don't understand how simple this is, I ill not waist my time tring to explain any further.