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Which Would You Prefer? (Regarding Warren Buffett's Berkshire Hathaway rescue of Bank of America)

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No DUplicitous DUpe Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:01 AM
Original message
Which Would You Prefer? (Regarding Warren Buffett's Berkshire Hathaway rescue of Bank of America)
Which Would You Prefer?

Regarding Warren Buffett's Berkshire Hathaway rescue of Bank of America from financial collapse, some people are upset because Berkshire received super dividends and special stock options that could make it the bank's biggest shareholder. But which would your prefer?

Having Berkshire or the taxpayers bailout B of A? Even though the bank already got one huge taxpayer bailout and is designated by the U.S. government as "too big to fail," investors were actively selling off its shares as the bank was sinking in its troubled real estate and in its other financial problems. Either way, it was going to get a bailout. I would rather it be from private investors led by Berkshire than from you and me as taxpayers.

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KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:06 AM
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1. Is he going to move it to Omaha?
Like then-NationsBank did with the original B of A, moving it from SF to Charlotte? How'd you like to be the one to tell a room full of executives that they're moving from the Bay Area to Charlotte?
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:20 AM
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2. Wells Fargo isn't in Omaha.
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saras Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:00 PM
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3. Neither, of course.
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:57 PM
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4. Require BoA to be split up so it isn't too big to fail.
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