Not only does Warren Buffett Tells CNBC he wholeheartedly supports bailout plan but he had some additional off-camera remarks to CNBC's Becky Quick.
On camera, he told CNBC's Becky Quick over the weekend, "It's what I would do if I were there." Becky also notes that the SEC's "no-short" rules may have helped Berkshire Hathaway's stock price "get it up" late on Friday.
Warren noted that the peasants must give him and other billionaires what they want.
To paraphrase he declared:
You are my doggies. Without me, you would be nothing. Anyone who makes less than about $1 million a year, is a stupid piece of crap anyway. Or as my dear friend Marie Antoinette said, before she lost her head, "Let them eat cake." (spoof of Marie Antoinette, Queen of France). The government has bought the mortgages, bought the real estate, and now the peasants must be milked.
Saturday, September 27
Warren Buffet Demands Congress Pass Bailout
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Labels: berkshire hathaway, warren buffet stock price real estate
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