The Spokesman-Review
October 7, 2009 in Letters
Recently, I received a note from William Barrett, senior editor for Forbes magazine, telling me, “Perhaps the New York Times heard your prayers today.” He was informing me about a story regarding Warren Buffett. In my opinion, the story used a broad brush and delivered a soft punch.
The Sacramento Bee, the only newspaper I’m aware of that told it like it was, recently exposed Buffett for receiving stimulus taxpayer money. I think Buffett might have been rewarded for services rendered. Most Americans know, Buffett backed Obama for president of the United States
The stories published explained to the readers what Buffett wants to change regarding some trading rules. Moneybags Buffett wants to allow day trading of derivatives. As a high-stakes gambler, Buffett, at the world’s largest casino, Wall Street, has been throwing dice lately. I wonder if it’s with taxpayer money.
What Wall Street says regarding derivatives: “To say derivative accounting in America is in the sewer is an insult to sewage.”
Seems to me, Mr. Greedy Warren Buffett has no shame accepting taxpayer money.
Dick Adams
Spokane
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