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My personal musings about anything that gets on my radar screen--heavily dominated by politics.

2009-04-07

Wondering . . .But Not Really 

Huh. I wonder why I didn't see this story in the A-block of the news.

A Bee examination of regulatory records shows that Buffett, the world's second-wealthiest person, also quietly has become a top beneficiary of the banking bailout he so vigorously advocated. . .

Buffett's holding company, Berkshire Hathaway Inc., did not directly receive any of that aid. But Berkshire is the largest shareholder of San Francisco-based Wells Fargo & Co., which got $25 billion – 91 percent of TARP funds invested in institutions headquartered in California.

Overall, Berkshire owns more than $13 billion of stock in the top recipients of TARP funds . . .

Huh.

Let's imagine, for just a moment, that it was five years ago and the company in question was Halliburton.

Yeah. You see where this goes.
Posted by: Michael / 4/07/2009 01:30:00 AM

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