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« Elizabeth Warren Defends The Consumer Financial Protection Agency | Main | Ron Paul: "Mr. Speaker, The Big Guns Have Lined Up Against HR 1207; What Are They So Afraid Of?" (House Floor Clip) »
Tuesday
Aug042009

Warren Buffett On CIT's 13% Debt Deal: It's Hard For Them To Compete With Banks Getting 1% Money

I'm no big fan of CIT Group and their shoddy loan portfolio.  But Buffett's comments are helpful to understanding the inherent injustice of rewarding failed banks.  Excellent commentary on the FDIC-backed debt that is so prevalent with the too-big-to-fail crowd.  Hard not to make a bundle with 1% money.

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DateAug 4, 2009 at 3:45 PM | Comment2 Comments | |

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Reader Comments (2)

Benedict Buffett-TRAITOR to the People of the USA!


Read up on why he wanted these bailouts...follow the money...and you will find the thief!

http://blogs.reuters.com/rolfe-winkler/2009/08/04/buffetts-betrayal/
Aug 4, 2009 at 4:09 PM | Unregistered CommenterAin't Bullshittin'
That's an outstanding article by Rolfe. Great find, AB.
Aug 5, 2009 at 3:49 AM | Registered CommenterDailyBail

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