Monday, February 27, 2012
Warren Buffett - The Crony Crusader?
Back in 2008, Warren Buffett was working as an economic adviser to then candidate Obama. It was also during this time frame that Mr. Buffett invested a whopping $5,000,000,000 into Goldman Sachs. And, not only that, folks, he basically admitted that the only reason that he did so was because he knew that the government would "act" (i.e., dole out copious amounts of bailout money). How, pray tell, is this action not considered insider-trading? I mean, seriously.