This was another idiotic pick by me. Yeah, so they largely avoided subprime mess, and so the 2nd richest man in the world supports this thing. But they participated plenty in 2nd and 3rd liens, and other bad loans. Buffett is a politician now, and his beloved bank was bailed out by the government, so Warren is simply a government pawn at the public nipple like most other financial institutions.
IBKR is the only "bank" I trust now. Everyone else are beggars with hand in our pocket. Why must we give tens and hundreds of billions to the likes of GS, WFC, AIG? It's disgusting, and every incumbent politician responsible for these atrocities ought to be fired in 2010 elections.
$37.84 (10/03/08)
