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Re:Warren Buffett: The U.S. is moving toward plutocracy by math on Sunday March 27, 2011 @10:28AM (#2375033)
From the article. Buffet: "I wasn't worried because I knew the government would do the right thing.". I think it's screwed up that currently a good investment decision is one that assumes you'll get bailed out if things go badly. What happened to the concept of risk? This mentality is a major problem for the well being of the global economy.
Re:Warren Buffett: The U.S. is moving toward plutocracy by Estragon on Sunday March 27, 2011 @01:58PM (#2375524)
He's talking his book here. Don't forget his huge purchase of Goldman Sachs around that time. You could just as well rephrase what he said as "I wasn't worried, because I knew the economic and financial policy of the USG is completely controlled by the commercial finance industry."