Getbig.com: American Bodybuilding, Fitness and Figure

Getbig Main Boards => Politics and Political Issues Board => Topic started by: 24KT on August 24, 2012, 07:22:25 AM

Title: Obama's friend is singing a new tune these days
Post by: 24KT on August 24, 2012, 07:22:25 AM

Warren Buffett who infamously said (by proxy) that civilized people don't own gold, appears to be singing a new tune these days. Notorious for his success with paper derivatives, ...Warren is dumping his paper, ...and shorting America.


Buffett Bets Against America - Fall Economic Outlook


What does it say when investment guru Warren Buffett bails out of billions of dollars worth of contracts backing U.S. municipal bonds?  Nothing good about prospects for an improved U.S. employment outlook and growth prospects. We will take a look at how this move colors the coming months.

Warren Buffett has decided to terminate $8.25 billion in municipal bond insurance (CDS) that his company, Berkshire Hathaway, has sold.

http://bit.ly/TYY32S (http://bit.ly/TYY32S)

Title: Re: Obama's friend is singing a new tune these days
Post by: Kazan on August 24, 2012, 07:24:50 AM

What a surprise.

hey whork, now this guy is a piece of shit

Title: Re: Obama's friend is singing a new tune these days
Post by: Soul Crusher on August 24, 2012, 07:29:05 AM

Immelt is also supporting Romney now too.   LOL

Title: Re: Obama's friend is singing a new tune these days
Post by: OzmO on August 24, 2012, 07:47:43 AM

Is there another source For this "news"?

Title: Re: Obama's friend is singing a new tune these days
Post by: Kazan on August 24, 2012, 07:48:49 AM

Quote from: OzmO on August 24, 2012, 07:47:43 AM

Is there another source For this "news"?

Haven't looked, but I wouldn't put anything past buffet