Buffett has a carefully crafted public image as a brilliant but people-friendly master of investments. We hear about his regular table at an Omaha diner where he conducts business (just plain Warren) and we see his occasional public stands for reasonable policies like the inheritance tax.
He claims that “Uncle Sam”, the government, saved us from a financial catastrophe that would have swallowed up his company. He then endorses the notion that the housing bubble was based on “mass delusion” – meaning it was our fault. But he forgets to mention that he took advantage of the 2008 crisis to purchase a $5 billion interest in Goldman Sachs. And he forgets whose money “Uncle Sam” stole from the Treasury to save him and the rest of his cronies. What a hypocrite. Continue reading