Berkshire Bastion Of Ethics

Watta joke…Sokol was dealin’ his personal stock portfolio and making recommendations to Warren on what companies to take over. His insider trading defense was to claim that he had told Uncle Warren that he personally owned shares. Thats like saying “I’m loaded let’s go”….Now we get a little better idea what Warren’s little company runs like. Just unbelievable to listen to the defense of the MASSSIVE CONFLICT OF INTEREST. That is exactly what this is. It might be insider or SEC violations….BUT it is DAMN WELL a massive CONFLICT of INTEREST. EVEN the numbnuts on CNBC can smell this one and they are able to sugarcoat almost any crook on Wall Street.

This exemplifies how Warren could get a phone call from the Plunge Protection Team in 2008 and then take a deal and announce it like the Goldman Sachs deal ONE HALF HOUR before the market closed with gurantees and interest payments that were an obvious payoff for his avuncular pump. Hey….don’t bitch….just understand how this game is played.

I notice that the Euro launch pad is starting to heat up this morning. Portugal spreads are reaching the stratosphere. That PIIG is going to have to pop and it will be soon. Gold has a very nice chart formation with an inverse head and shoulders about ready to take off. IS THAT A SURE THING??? HA! But it does look good here. Patience gang this is a long ball game and this disaster is NOT going to end the trade all at once.

For now I will keep our stock plays in the comments today. gl gang

Read more at Great Depression 2