I read an article today where Warren Buffett is dumping $5 billion into Goldman Sachs. Read that again…$5 billion. I think this may be some spare change that he found between the cushions in his leather couch at home. By making this investment he is guaranteed to make millions and possibly even a couple of billion. I have read many times that Warren is a very shrewd individual. I could care less, he has a company that has a stock that is trading for over $100k/share and has the means to write massive checks. Hell of an example of how the rich get richer. In a nation where the average American saves -2%; that’s right it is a negative, maybe we should take note and buy less crap that we can’t afford anyway. Saving -2% is just business as usual. We are living way above our means.
Wouldn’t it be amazing if America’s richest came together and bailed out these companies that are in such financial trouble? As it stands right now, when the government steps in we the people are on the hook. It will be our tax dollars that will be raised to pay off these massive bailout plans. Not to say we should or should not be doing this, but Mr. Buffett thinks it’s a great idea to bail out these wrecked companies. I have a ton of college debt, maybe Warren can help me out!
Business as usual.
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