Warren Buffett quizzes former Treasury Secretary Paulson

[jag10]

Two vampires just shooting the shit, discussing financial crimes and looting the treasury... no big whoop.

[mikzyspitlik]

I think the foolish/easy thing to do is label these people as "bad" and then move to punish them. Most people don't understand how Wall Street works and most people still don't understand how this financial crisis happened. They just assume "Wall Street bad". People really need to stop coming up with fantasies about how people and industries they don't understand are evil/stupid. There is a lot that needs to be done to prevent crises, but most people on Wall Street had nothing to do with this.

[beancube2010]

GS planted seeds inside our govt and FED. The entire Wall St is just a trap: house mortgage, derivative, insurers, investment banks are all rip off. They black mail the govt for bail out fast cash to cook their books and push back up retirement investment funds. The after shock retirement saving population are lured back into riskier stocks. There is not end to it in an insider manipulated free market capitalism. People have vote for reformer alternative to Washington for this repeatable mess.

[mikzyspitlik]

@beancube2010 Tell me fine sir, where is your information to back this up? Are you simply making unsubstantiated claims about an industry you claim to understand or do you have a smoking gun to back up your assumptions?

[carlandsimon]

@mikzyspitlik The fact that the federal government bailed out AIG who coincidentally also insured GS is a pretty good smoking gun if you ask me. Rescue the insurance company that owes a payout to the tune of billions to GS - but this is all a mere coincidence right???

[mikzyspitlik]

@carlandsimon Don't act like you've discovered something everyone else didn't already know. AIG couldn't meet it's obligations and if it defaulted on it's accounts it would have caused many banks to go bust thus leading to a demise of the American economy. Now, I'm not in support of this and many other things that Wall Street does but don't just go making stuff up cause you're angry and ignorant.

[carlandsimon]

@mikzyspitlik hey man relax you're comments reek of desperation to start a fight. you asked the dude for a "smoking gun" wtf do you think the AIG bailout is - unless your content to believe everything the fucking media will shovels at you.

[mikzyspitlik]

@carlandsimon Dude please, just because I disagree with you doesn't mean I want a stupid youtube fight, and I believe you're the only one that is cursing. I'm content in believing what makes sense and not theories from people looking for something devious. Don't just say the AIG bailout is a smoking gun, point to reasons why it is a smoking gun. Where's the evidence of devious behavior and "back room deals"...I'm desperate for you to tell me something that actually is factual.

[carlandsimon]

@mikzyspitlik Furthermore, and no, i'm not done with you yet punk.

Of course they are going to tell the public that if they didn't bail out AIG the entire banking system would collapse. What, did you think they would actually come out and say "ya, we really just wanted to help out our friends at GS".

The bottom line is a this "stuff" is speculative - the general public will never be privy to these behind the scenes dealings.

Now deal with it and go get a fucking life you wanna be day trader.

[mikzyspitlik]

@carlandsimon Soooo you're basically basing all of this stuff off of your own assumptions that this is a "government cover-up" and you expect me and anyone with half a brain to actually believe you??? This is ridiculous, you have a elementary understanding of the markets and economics. You're just some fool on his computer that listens to other fools. I bet you think the government was behind 9/11 and the Aids epidemic. Unless you can unearth FACTUAL evidence no one is going to believe you.

[BLLAARRRGG]

@mikzyspitlik you are also a fool who listens to others aswell, retard

[beancube2010]

@mikzyspitlik I don't see really productive things Wall St have done for the local economy and govt doesn't dare to be productive neither. The civil case will prove to ppl it is just a show like Bush's hunting down Osama. Bush actually cares nothing of where he is about. Behaviors and results are much easier to be read. Mass media are paid to distribute brainwash psychology. Don't you see big accounts ordered more from China so they can buy all up our idling local resources with cheaper prices?

[mikzyspitlik]

@beancube2010 Well, Wall Street only touches the local economy through it's Banks. I mean, it's finance not mom and pop shops. As far as this case goes, it was probably timed so that congress would have the momentum to get the Financial Reform Bill through. You're going to have to explain the last sentence in more detail because it seems like you're just stating your opinion and not facts.

[carlandsimon]

wow, the bumbling out of Paulson's mouth is offensive - does this guy have an answer on anything??

no wonder wall street runs circles around these guys, what else would one expect when you have morons enacted to created policy to govern intellectuals whom are clearly on a higher level??

[mikzyspitlik]

@carlandsimon That's an interesting comment and what it shows is how inept people can be, no offense. Obviously, at the time you made this comment you did not know that Henry Paulson was the former CEO of Goldman Sachs before he became Treasury Secretary in the Bush administration. Don't just comment from the hip, try and actually learn about this stuff before you weigh in.

[boybrutus]

Buffet is trying awfully hard to help his mates, to soften the public image of the GS cronies. They are so inextricably linked that you cannot believe any of their opinions. The only thing that excites and motivates the old man is where hell earn the next dollar or should I say billion.