I Against I: Is Warren Buffett Now Part of the Illuminati?

Cody - yeah right. I'm with Sam (9/24 at 6:15p). Buffet probably knows just a bit more. Where were all of the calls to stop the sub-prime loans from being securitized and sold to the world on the premise that real estate will simply continue to rise at 15% per year? Now that the size and scope of the problem is being identified some are advocating the government do nothing to put in a solution out of "fear"? Get a grip. Put on your seat belt. Keep paying your mortgage. Enjoy the bumpy ride. Too many people drank the same kool-aid - now it is time to take the medicine.

Unadulterated socialism. The only proof that an asset is worth X is when you find a person willing to pay X. It might be worth half of X or twice X.....all depends on finding a buyer. HOw can the Feds determine X reading tea leaves? Congress has stolen all the billions of Social Security Administration and now we are going to give them $700B more???

Are you complaining? No shoulda woulda and couldas will, is or has EVER made a difference. Have some courage to do the right things YOUSELF. Buy a gum ball machine and throw it in Chichi's Pizza. Who do you think Warren Buffet is? The devil's advocate? Some scam artist? Warren is a regular guy who earned his fortune. The reason he is the richest man on earth is because he is one of the best at using a concept which is as a matter of FACT, very hard to grasp. This concept is called logic. Period. We're so caught up we hardly know what logic even is. -I apologize for being off topic and want to thank you for your time.

" Hmmm. To listen to some random guy named Cody, or to Warren Buffett. Only one of them can be correct. What to do, what to do. On balance, I believe perhaps I shall go out on a limb here and think that perhaps–just mayyyybe–Buffett knows a teeny tiny itty bit more about what is going on here than Cody. Sorry bout that, Code-ster. " - Sam I think what Buffet realizes is that UNLESS there is an maasive display of dissent, Goldman is going to benefit the most from this. I envision something like a scenario where the government bails out these organizations buypaying for the crap at a higher price than market. Then they mark it to market - selling the good stuff for pennies on the dollar to Goldman. Goldman gets valuable assets at arbitrage prices while the tax payer pays retail. This is the same company that fomented the excessive oil speculation through manipulative analysis, calling for arbitrary price targets of $200 per barrel with no empirical evidence to support their analysis. They were likely quite long oil at the time they were propounding this "objective analysis". This is treasonous in nature, treasonous toward the human race. Buffet is smart enough to know that this company with it's tenacles deeply around our state and national governments can do what they want - whenever they want - and they will be effectively stealing the best assets from the tax payers. I often wonder if they are "The Beast". Maybe they should change their ticker symbol to 666. www.tableofwisdom.com

Fox mislead with their attribution. He responds “heaven help us” if congress does nothing. He does not specifically advocate the $700 Billion dollar bailout anywhere. Notice the creative quoting in the bold type.

Hmmm. To listen to some random guy named Cody, or to Warren Buffett. Only one of them can be correct. What to do, what to do. On balance, I believe perhaps I shall go out on a limb here and think that perhaps--just mayyyybe--Buffett knows a teeny tiny itty bit more about what is going on here than Cody. Sorry bout that, Code-ster.

Good blog Cody. As you wrote Taking " a trillion dollars from the bottom of the system — the renters and savers who never benefited from the boom at all or those wisely sold out of the markets at the top — and giving to the same guys who broke themselves with greed at the top of the system isn’t going to somehow create a multiplier effect. No, it’ll get sucked out the system by the same backdoor dealing and cronyism that always comes with governmental spending. " There is a way for the gov to engineer this without what you predicted happening. It's only a question of whether they we have a government "by Goldman Sachs, of Goldman Sachs and for Goldman Sachs. I say to the government, go ahead and bail out AIG, banks and the auto industry – but I want 80% equity in each company - and every mortgage that turns out to be viable - to go into social security custodial accounts that cannot be touched by any government representative. They should continue to be run by the private sector but the people bailing them out should be given equity. The current management should be ousted and the taxpayers should get at least one seat on the boards of these companies. Perhaps the seats should be elected positions. Take it or leave it; no giving Goldman the wheat and sticking the tax payers with the chaff. My essay: “I’m Not your Sugar Daddy” http://www.tableofwisdom.com/MrArbitrage_on_Market_.html Also, we need to contact our representatives and demand a fair deal. http://www.senate.gov/general/contact_information/senators_c... https://forms.house.gov/wyr/welcome.shtml

They all are Illuminati. I knew the guy was bad news when I caught on to his views of taxation and how rates are too low. And to think that all of these bureaucrats have the audacity to say that subsidizing corporate and social welfare queens will somehow help the middle class. The middle class are getting squeezed by people that don't want to provide for themselves and the monied interest of the banking establishment that has the power to run our shadow government behind the scenes.

Cody please tell people that main street also has a plan! These 700 billion $ people are either so stupid I can't believe it or they are just stooges for the big investment businesses. Try this Plan: 1. 700 Billion for loans 2. New loans ONLY no re-fi's. 3. Documented loans to qualified borrowers ONLY. 4. No politically motivated loans to the unqualified. 5. Limit to ONLY US businesses and/or US citizens with money to be used within the US 50 states or territories. 6. Preference for loans to business that will certify hiring new employees. 7. Originator can keep loan and get a guarantee or sell loan and get a fee. 8. For guaranteed loans leverage of 10 to 1 or less. 9. Originator and borrower held liable for documentation inaccuracies. 10. Full amount will go to jump start the economy.

IWN is down what 1% so far this year...can anyone tell me how this is armageddon?