Tuesday, June 22, 2010

Warren Buffett as Oligarch

More evidence that Buffett has moved over to the dark side comes in a Caren Bohan profile of Larry Summers. She writes:
The story of how Summers came to work for Obama goes back to late July 2008, when storm clouds were gathering over the financial markets less than two months before Lehman Brothers imploded.

Having clinched the Democratic nomination after a bruising primary battle with Hillary Clinton, Obama had just returned from a weeklong trip to the Middle East and Europe. Worried about turmoil at mortgage finance giants Fannie Mae and Freddie Mac, Obama's then small group of economic advisers sought to broaden their circle.

Rubin, Volcker and investor Warren Buffett attended the gathering at the Omni Shoreham hotel in Washington, along with Summers, who had remained neutral during the primary.
It may have been published somewhere before, but this is the first I am aware that Buffett was actually in Washington D.C. just a short time before he made his multi-billion dollar investment in Goldman Sachs. And not only in Washington D.C., but meeting with Obama, Rubin, Volcker and Summers!

1 comment:

  1. His father was, but when was Warren ever on the good side ?