Howleluiah, Lone Wolf!!! He also believes in the company which is why individuals invest in a company. (Charlie Rose interview last week)
On Oct 7, 6:53 am, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote: > Buffet is fighting for his own survival which is tied to the to the > preservation of the system. The CEO of GE was furious when the the > bailout wasn't passed because GE relies on short term money markets > to function. Buffet is not making an investment, he is providing > liquidity to keep them operating. > > On Oct 7, 9:56 pm, rigsy03 <[EMAIL PROTECTED]> wrote: > > > > > Warren Buffett just invested 3 billion in GE's common stock- Oct.2 > > =another option for sound companies. > > > On Oct 6, 1:54 pm, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote: > > > > Big Companies such as Microsoft and GE have said before the bailout > > > was approved that they risk insolvency if a credit crunch sets in, > > > there will be no money to buy back shares. > > > > On Oct 7, 5:19 am, rigsy03 <[EMAIL PROTECTED]> wrote: > > > > > This could be a bonus for sound companies- they should start buying > > > > back their own stock. > > > > > On Oct 6, 1:06 pm, "\"Lone Wolf\"" <[EMAIL PROTECTED]> wrote: > > > > > > The tumultuous events of today augur in the complete meltdown of the > > > > > world economy, markets will continue to spiral out of control as they > > > > > open across the world following another Wall St collapse. > > > > > > The 2008 US presidential election has already been rendered > > > > > meaningless before it has even been held, because any prospect of > > > > > social programs is now to be shelved. Rather, an amount equivalent to > > > > > $2,300 for every man, woman and child in the US is to be transferred > > > > > to the wealthy. One of the first questions asked by the moderator in > > > > > the first presidential debate was: which government programs are you > > > > > advocating be cut back in view of the bailout plan? All were agreed > > > > > there would have to be cuts—that was accepted, a given. > > > > > > The American ruling class cannot carry out its program democratically, > > > > > and therefore we see, in the measures proposed by Treasury Secretary > > > > > Paulson, the sinews of a dictatorship. > > > > > > The initial text sent to the Congress, supposedly the legislative body > > > > > with oversight over expenditures, was barely three pages long—less > > > > > paperwork, one commentator noted in the New York Times, than was > > > > > required for a subprime mortgage! > > > > > > According to the initial text, among the powers available to the > > > > > Treasury secretary, “without limitation,” will be “designating > > > > > financial institutions as financial agents of the government” able to > > > > > perform “all such reasonable duties related to this Act.” This means > > > > > that the same financial institutions that engaged in the speculative > > > > > and, in some cases, outright criminal activities that led to the > > > > > crisis, are to be called on to help the Treasury organise the bailout. > > > > > As a recent article on the WSWS noted, the term “conflict of interest” > > > > > does not even begin to cover what is taking place. > > > > > > Moreover, the plan provides for legal immunity for the Treasury. > > > > > “Decisions by the secretary pursuant to the authority are non- > > > > > reviewable ... and may not be reviewed by any court of law or any > > > > > administrative agency.” > > > > > > As an article in the New York Times of September 23 pointed out, with > > > > > these words “the Treasury secretary—whoever that may be in a few > > > > > months > > > > > —would be vested with the most incredible powers ever bestowed on one > > > > > person over the economic and financial life of the United States. It > > > > > is the financial equivalent of the Patriot Act, after 9/11.” The Times > > > > > described Paulson’s proposed legislation as “the most amazing power > > > > > grab in the history of the American economy.” > > > > > > A long established axiom of economics and politics holds that in a > > > > > crisis, real relations are laid bare, as the accidental and the > > > > > inessential are stripped away. And this is the case in this crisis. > > > > > Not government of the people, by the people and for the people; not > > > > > the “free market” in which the decisions of millions of people > > > > > determine economic outcomes; but government of, by, and for the > > > > > wealthy. Not democracy and a land of laws, but a dictatorship of > > > > > finance capital. > > > > > > The wars of plunder launched by American imperialism in Afghanistan > > > > > and Iraq, the aim of which is to control oil and other resources in > > > > > the interests of US finance capital, are now being openly fought on > > > > > the home front. They will be accompanied by a deepening of the assault > > > > > on democratic rights, initiated in the so-called “war on terror.” > > > > > > This is where the American working class and the working class > > > > > throughout the world will come forward and perform their historical > > > > > destiny and clear away the old order auguring in a new and wondrous > > > > > future for all mankind- Hide quoted text - > > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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