[Marxism] A word of cauition
jthorn65 at sbcglobal.net
Thu Apr 9 14:21:28 MDT 2009
Joaquin Bustelo wrote:
> S Artesian writes: "The last investment vehicle to claim returns like that
> belonged to Bernie Madoff. Buffett is up to his elbows in bailing out AIG
> and making money on both ends of the deal. Nice work if you can get it, and
> you can get it if you... well you know how it goes."
> A few words of caution here.
> Madoff is a confessed and convicted criminal. I know of absolutely no
> evidence that suggests that Berkshire Hathaway is not what it pretends to be
> --essentially, a holding company-- and is instead a Ponzi scheme passing
> itself of as an investment fund.
> It is one thing to denounce capitalism as an unfair, unjust, an outrageously
> criminal and even murderous system, qualities that then would obviously be
> shared by the chief players therein. It is quite another to impute to
> individuals among these players specific actions or schemes that violate the
Don't you think this is a bit over-the-top?
No one actually accused Buffett of running a Ponzi scheme but even if
they had so what?
If someone wants to believe Berkshire Hathaway is a Madoff type scandal
Why jump to Buffett's defense so vigorously?
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