What Will Buffett’s Response Be Now That Goldman’s "Ethics" Are Exposed For All To See?
Courtesy of Tyler Durden
Bloomberg Television’s Betty Liu does a great job deconstructing the hypocrisy behind Warren Buffett’s Goldman investment – she quotes Alice Schroder author of Snowball, who says, "I’ve always wondered why Buffett would trade his skepticism for an investment in Goldman Sachs. It looks it was a mistake, it was a mistake for Buffett to invest this money in Goldman and to compromise his philosophy on Wall Street." What philosophy? That of the benevolent old uncle who is happy to rip the entire silver market apart and demand physical when he knows full well (as does the CFTC) that it is an impossible request? Or that of the guy who pretends to have principles when he is fully aware the government will always bail him and his investments out at the expense of the middle class? We eagerly await to see Berkshire’s press release on its Goldman investment after this development.
