Uncle Warren (Buffett) strums ukulele, in denial of Wall Street's toxic business model

[marmar]

May 11, 2010, 3:33 a.m. EDT ·

Buffett defends Goldman, joins greed Conspiracy
Uncle Warren strums ukulele, in denial of Wall Street's toxic business model

By Paul B. Farrell, MarketWatch

ARROYO GRANDE, Calif. (MarketWatch) -- Warning: Bears taking over. Time to short Buffett's new "Baby Berkshires," short Goldman, short Moody's and other favorites of Uncle Warren.

Why? Behind the façade, the lovable, good ol' Uncle Warren strumming his cute little ukulele, ostensibly supporting reform, there's a dark force that's part of the toxic Goldman Conspiracy fighting to keep alive everything that's wrong with Wall Street, everything that got us into this mess, everything that will trigger another meltdown that even Uncle Warren says: "I can guarantee it."

Buffett belongs to the past while the news screams of a new world order ... Riots in Greece, more coming when the other PIIGS demand EU bailouts ... conservatives regain Britain ... unregulated BP's greed is spilling millions of gallons of oil destroying Gulf states, confirming Foreign Policy magazine warning of the "End of the Age of Oil" ... the Dow's techno-fear-driven irrational 1,000-point plunge as technicians turn bearish, ending the year-long bull rally ... even Hank Paulson's changing his tune, warning the Financial Crisis Commission that we need stronger reforms than Dodd's Senate bill.

Meanwhile, out there, seemingly oblivious of the gathering storm is an aging Woodstock hippy, good Ol' Uncle Warren strumming away on his ukulele, an over-the-hill rock star basking in the adulation of 40,000 adoring shareholders at their annual meeting in Omaha's Qwest Center ... a scene reminding us of Nero fiddling as Rome burns ... of the string quartet playing on the deck of the sinking Titanic ... of a Shakespearean tragedy with a raging, blind King Lear trapped, in denial of his role in America's collapsing empire. ............(more)

The complete piece is at: http://www.marketwatch.com/story/buffett-defends-goldman-joins-greed-conspiracy-2010-05-11

[liberal N proud]

1. Would you speak out against the very tool that made you so rich?

It would be news if he said Wall Street was broken and needed more reform.

[Orrex]

2. "Dobb's Senate bill?"

Is that the one that forbids Mexicans and brown people from entering or even looking at the US?

[roguevalley]

3. he's a skank predator with an old folksy face. fuck him.