Monday
Apr012013
Charlie Munger On The Bailouts: "Suck It Taxpayers!"
Warren Buffett's partner, Chalie Munger has a message for anyone who might want to compain about the bailouts.
Munger says we shouldn't be "bitching about a little bailout," we should wonder why the bailout wasn't even bigger.
"You should thank God for bank bailouts. Now, if you talk about bailouts for everybody else, there comes a place where if you just start bailing out all the individuals instead of telling them to adapt, the culture dies."
TARP cash being passed from Blankfein to Buffett...
Reader Comments (4)
As a professional courtesy, lawyers generally take it easy on each other. Think of it as a default response. Munger is a professional Wall Street whore, however, having long since abandoned any sense of duty as an officer of the court.
That's fine, as it frees me up to follow my first impulse as an American, which is to shove that traitor's head as far down the nearest toiled in Omaha's Greyhound station as I can get it (sans tools).