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Warren Buffet
FCIC Uses Subpoena Power
This is a good sign. The FCIC is using subpoena power.
When Warren Buffett testifies before the Financial Crisis Inquiry Commission next Wednesday, it will be because he was subpoenaed. If you don't know how a subpoena works, this one begins with capital letters, "YOU ARE HEREBY COMMANDED to appear and give testimony."
The subpoena followed a request. It is a good sign that the FCIC is starting to use it's subpoena power. Now, it should use it to uncover more truths about the cause of the worst economic crisis since the Great Depression.
Buffet Supports Real Wall Street Reform
Warren Buffet has a novel plan for banksters who begged Congress for a bailout:
"I think it's disgusting that you've got all of these failures of major institutions that the government has had to step in for society reasons to help and, basically, all the CEOs that caused all the trouble went away rich."
Buffett suggested new policies that would require "the CEO and his wife go broke" if a company needs help from the federal government.
"That would change behavior."
Buffet voiced his support for real Wall Street Reform because he knows that Wall Street has turned into a dangerous casino that is designed so that it wins, even if we lose.
The Ticking Wall Street Time Bomb
Warren Buffet warned us about the financial crisis in 2002. We did nothing. Then, the collapse happened. We did nothing. If we continue to do nothing, another crash is sure to come. Watch and learn:
