Warren Buffet is on npr right now

[2speak]

and he is full of shit!

[EmeraldCityGrl]

1. What is he saying?

[Captain Angry]

2. Just because he uses words you don't understand doesn't make him wrong.

Go find his interview with Charlie Rose from last night. Go about 45 minutes in and find his discussion about US Taxation policy.

[2speak]

3. I understand every word he says and he is full of it.

I see that you make assumptions without knowing any facts about me or you think your opinion is absolute. To be a liberal you must be open minded. That includes other peoples opinions.

[MissMarple]

4. Opinions should be based on something other than d'ruthers.

What did he say?

[aquart]

5. Could you, possibly, be a little more specific?

I saw him on Charlie Rose last night. There were quite a number of points on which we agreed. Such as mark to market. But not all. Which are your sticking points?

[2speak]

7. Here you go.

Charlie Rose:
There is a time to accumulate and a time to spend.

Warren Buffett:
Absolutely. You want to be greedy when others are fearful. You want to be fearful when others are greedy. It's that simple.

Charlie Rose:
Are you approving of what has been taking place along the stages that got us to where we are now, whether it's Bear Stearns or Lehman Brothers or AIG, Freddie Mac and Fannie, or what you've done with Goldman Sachs and the rest?

Warren Buffett:
Yeah, I think basically the right things have been done. But no one saw the tsunami coming fully. And so when Bear Stearns came along, it looked like if you stopped the flood at that point, you didn't have to worry about being downstream from it. And I think the Fed did the right thing there. And I really thought that would probably halt runs on other major institutions, but it didn't. We have seen wave after wave. And admittedly, there's been somewhat of an ad hoc response. I'd rather have an ad hoc response than no response at all. And I don't think -- I don't think the treasury could remotely have gone to Congress three or four months ago and laid out that scenario of what's happened and been credible and gotten the necessary tools. I think it took a crisis like this --

Warren Buffet on derivatives
Earlier Saturday, Mr. Buffet repeated his warning on the dangers of derivatives, saying that excessive borrowing by traders, investors and corporations will eventually lead to significant dislocation in the financial markets.

[TreasonousBastard]

10. What's wrong with that?

[bukowskiforever]

6. I heard a little byte today and it sounded like bee ess

Let's put it this way: if Dubya begs us to do something, we should do the exact opposite.

[2speak]

8. Bush, the media and many others until

they catch on then do what they suggest and so forth.

[4 t 4]

9. I've always really respected him but lately ,can't stand him n/t