Monday, August 29, 2011

Beware of crony "investors" carrying higher taxes on others


Lucky Warren Buffett



by Robert Wenzel


When he bought his Goldman Sachs stake, within 
days the government rushed in with more money. Just days after Buffet puts $5 billion into Bank of America, B of A has announced it will raise an additional $8 billion by selling its stake in China Construction Bank. B of A is up nearly 4% on the news.

If I didn't know better, I would say Buffett trades on inside information.

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