Warren Buffett praises bailout efforts

[targus]

Just as in investing, there are indicators. You just have to know how to read them. I will not invest in a stock where the indicators do not suggest it will double in price. Do they all double in price? No ... some do not. Some are sold at a loss. But some not only double but triple and more. Those are the ones you ride and let the profits run.

So how much AIG stock do you currently own - and how many shares will you be buying this afternoon?

None you say?

If you don't think that it is a good investment for you personally - why do you think that it is a good investment for taxpayers with borrowed money to be paid back by our grandchildren?

And you can keep the grandpa advise.

Nothing that you can tell me about investing or business could possibly be of any use to me.

I have done fine thus far without the benefit of your blurred view of the world.

 

[Crabtownboy]

I dont deal in opinions. Would the government have put together legislation to eliminate further fraud? Would Glass Steigle have been redeployed? There are too many variables to address before I can even think of answering. Could we also than have gotten rid of Geitner, Benny the B & Larry (I almost bankrupted Harvard) Summers & indeed got Obama to start operating like a capitalist rather than a wimpy socialist?

Crabby you should decide if in fact you are a stalwart capitalist of a socialist before even considering posting.

A person cannot post without dealing with opinion and you have given yours. Other than firing some people what should Bush and Obama have done?

In 1929 the Hoover administration acted as good Capitalists and we know what happened. Perhaps you are an advocate of Hooversim, I am not sure.

What is your understanding of the causes of the Great Depression?

 

[targus]

How does one have a discussion on economics with someone that thinks that he has a profit before he sells?

Tell me Crabby, since the stores are filled to the rafters with products, cars are packed into the autodealer sales lots, millions of houses are listed for sale...

Why doesn't everyone think that the economy is great?

I mean by your definition there is profit everywhere.

Every business with an inventory is profitable in Mr. Magoo's view of the economy - all they have to do is sell it.

 

[Robert Snow]

I will not be back while he is here.

GOOD!!!!!!!

I doubt you actually leave, you are just throwing a tantrum, poor Curtis!

 

[Crabtownboy]

How does one have a discussion on economics with someone that thinks that he has a profit before he sells?

Are you saying you do not know the difference between paper profits and real profits?

Tell me Crabby, since the stores are filled to the rafters with products, cars are packed into the autodealer sales lots, millions of houses are listed for sale...

That is called inventory. It can be seen as potential profits and potential loss, if you will.

In accounting, inventory is considered an asset.

Why doesn't everyone think that the economy is great?

I have never said the economy is great. I did say it is better than if the government had done nothing. To Bush's and Obama's credit they did something. Was it the best policy to follow? I don't know.

I mean by your definition there is profit everywhere.

Potential profit.

Every business with an inventory is profitable in Mr. Magoo's view of the economy - all they have to do is sell it.

If you can find the right buyer. Inventory can also be potential loss.

 

[FR7 Baptist]

Crabtownboy should be banned from this site. Enough people have tried to debate him. Like Satan, he twists words and tries to trick. Enough is enough.

I will not be back while he is here.

I'm sure a few of you will be happy about that. The majority here are honest folks. Too bad about the leaven that is allowed.


Good=bye.

Come on Curtis, put on your big boy pants and try to debate.

 

[targus]

Are you saying you do not know the difference between paper profits and real profits?

Potential profit.

If you can find the right buyer. Inventory can also be potential loss.

But your posts don't say "paper profits" "potential profit" or "if they find a buyer".

You have insisted over and over that the bailout has resulted in PROFIT to the government.

In reality there is a potential for LOSS isn't there?

Even the Treasury is admitting that in the end there will be a loss.

If you really think that this was a great deal why aren't you buying AIG stock?

 

[Crabtownboy]

But your posts don't say "paper profits" "potential profit" or "if they find a buyer".

You have insisted over and over that the bailout has resulted in PROFIT to the government.

In reality there is a potential for LOSS isn't there?

Even the Treasury is admitting that in the end there will be a loss.

If you really think that this was a great deal why aren't you buying AIG stock?

The Treasury has shown a profit on some of the loans.

Sure there is a potential loss. No one knows the future for sure. If conditions changed favorably there could be a huge profit. Is this likely? I doubt it. If conditions changed the other direction there could still be a huge loss. Is this likely? I doubt it. The economy of the world is so intertwined that I do not believe anyone can predict with certainty how it will end after all is said and done.

You win some, you loose some ... you plan and hope you win.

But, it is certain that if nothing had been done the world would be in a deep depression and that would have benefited no one.

Do you hope that it turns out well or do you want it to fail so you can criticize Obama ... and Bush?

 

[just-want-peace]

Crabtownboy should be banned from this site. Enough people have tried to debate him. Like Satan, he twists words and tries to trick. Enough is enough.

Most sensible, practical post to date!!!!!!:thumbs::thumbs:

 

[targus]

The Treasury has shown a profit on some of the loans.

Sure there is a potential loss. No one knows the future for sure. If conditions changed favorably there could be a huge profit. Is this likely? I doubt it. If conditions changed the other direction there could still be a huge loss. Is this likely? I doubt it. The economy of the world is so intertwined that I do not believe anyone can predict with certainty how it will end after all is said and done.

Then you need to stop insisting that the bailout returned a profit.

There is no profit until the Treasury gets our money back - all of it.

Not just two thirds.

 

[Earth Wind and Fire]

a person cannot post without dealing with opinion and you have given yours. Other than firing some people what should bush and obama have done?

let the banks fail.... For the last time

in 1929 the hoover administration acted as good capitalists and we know what happened. Perhaps you are an advocate of hooversim, i am not sure.

we have learned from those mistakes.....move on

what is your understanding of the causes of the great depression?

which one?

 

[targus]

I keep waiting for Crabby to say, "We had to destroy the economy in order to save it."

 

[Earth Wind and Fire]

I keep waiting for Crabby to say, "We had to destroy the economy in order to save it."

Save it for who? Stand outside of Pine/Water & Wall streets....It's still business as usual. Still limo's drop em off & pick em up. Ask yourself who benefits from the trillions of dollars of your tax money.....Perhaps Who?

 

[targus]

Maybe Crabby will say, "I love the smell of deficit spending bailouts in the morning."

 

[Earth Wind and Fire]

Note how nobody is buying his "To Big To Fail" Propaganda. Make sure you write your congressman to make sure theyre putting new regulations on this jolly bunch of crooks because if we as a country continue down this path we are doomed.