Billions in Bailout Money went to companies Warren Buffett owned stock in

Winker totaled up the direct benefit to companies Buffett owned stock in., where he owned sizable minority stakes, $95 billion in Troubled Asset Relief funding was doled out.

Aside from the nearly $100 billion in taxpayer aid extended to Buffett’s holdings which include Wells Fargo, Bank of America, American Express and Goldman Sachs his companies also benefit from $130 billion in FDIC backing for their debt. Read More

Obama has gave billions of tax payers money to companies that has supported him. Kind of looks like Chicago pay to play to me. Now we can understand why Buffett was backing Obama on his 800 billion Stimulus Bill.

LINKS:

(1) Tea Party-bashers gone wild

(2) Lanny Davis wants you photographed and investigated

(3)

Advertisements