Thursday, August 18, 2011

Warren Buffett: The TARP Lobbyist For Himself and Goldman Sachs

The National Review reports:
And despite his recycled exhortation not to ask what “your country can do for you,” his lobby for TARP and the bailout of AIG, though quite justifiable, was not disinterested, as he was a preferred shareholder, as well as a new investor, in Goldman Sachs, and the pay-through from AIG saved Goldman about $20 billion, enabling Buffett to enjoy a $3.7 billion gain on that position this year.
Warren Buffett the tax looter.