Busted: Bankers and The Global Economy

February 8, 2008

Buffet Proclaims Poetic Justice

Filed under: banking, government, investment, money — Tags: , , , , , , , , , — digitaleconomy @ 11:40 am

Warren Buffet, gloating billionaire investor and former junk-bond pusher, said “The woes in the U.S. financial sector are “poetic justice” for bankers who designed and sold complex investments that have since gone sour“. So what’s new Willie except that you have an audience that will listen?

Reuters Article

Buffett, a legendary investor who has amassed a huge fortune through plays in a wide range of industries, has bet against the U.S. dollar in the past. Nowadays, if Buffet plays against the dollar, he doesn’t have to work very hard. He is bound to make billions more unless he keeps his money in a U.S. bank.

I say to Warren Buffet, “Never forget where you come from.” Nowhere.

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