From Zero Hedge:
Just when one thinks American crony capitalism couldn't hit new lows, here comes Warren Buffett and his personal puppet, the president, proving everyone wrong once more.
Because if one thinks there is no (s)quid pro quo for all that "sage" advice Buffett has been giving to Obama on extracting as much wealth as possible from future wealthy Americans, one would be fatally wrong.
As it turns out, it is not just natural resources and aquifer purity that Obama had in mind when sealing the fate of the Keystone XL pipeline. No... it appears there were far more relevant numerial metrics that determined Obama's decisions. Such as the bottom line number of Buffett's Burlington Northern, which, according to Bloomberg, is...
Read full article...
More boondoggles:
How the Fannie and Freddie mortgage boondoggle actually works
Blockbuster Bloomberg article details giant Federal Reserve cover-up
22 shocking facts about the scandal that could bring down the Obama administration
