Tuesday, April 30, 2013

Crony Capitalist Buffett Takes His US Government Supported Cronyism to China

Business Insider reports on Warren Buffett's Berkshire Hathaway:

Berkshire-backed Chinese car maker BYD will begin manufacturing electric buses at a facility in California in order to take advantage of U.S. federal government subsidies that could cover up to 80% of the cost of each unit. At least one analyst who spoke to the WSJ considers the plan little more than a marketing gimmick.

(ht  Christopher Barcelo)

1 comment:

  1. I dislike Buffett more and more each passing day, I thought that was impossible.