Warren Buffett: One-On-One With CNBC- May 3, 2010 Part 1
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The Paulson & Co hedge fund betting the securities would lose value are like a guy who did the wiring for a house who then bets that the house will burn down.
Goldman did not tell their clients that the guy on the other side of the bet did the wiring and is betting it will burn down.
This is a con job using inside information to commit fraud, plain and simple.
Warren Buffett is using con artist morality to justify his Goldman buddies in whom he has invested billions.
jimgodfree 1 year ago
Goldman Sachs had their X-CEO Henry Paulson in as Treasury Secretary to help push the bailout. Bailed out AIG to bail out Goldman at 100 cents on the dollar and put on the backs of the taxpayer. They let Lehman tank, but bailed out their buddies. Warren is a big stockholder in Goldman, so he has a vested interest and take what he says with a boatload of salt on this story.
MegF142857 1 year ago 2
@DavidAKZ Paulson, John Paulson (don't confuse with Hank Paulson, the then Treasury Secretary)
dokumentWro 1 year ago
Who was on the other (short) side of the transaction ?
DavidAKZ 1 year ago