Here Come the Cronies – Buffett and Blackstone President Launch $33,400 a Plate Hillary Clinton Fundraiser

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All you need to know about Warren Buffett can be gleaned from this one sentence he uttered in a Bloomberg interview earlier this year:

Clinton has a vision for America that’s very similar to mine.

Indeed, and that vision is one of crony capitalism and oligarchy. Two things both Buffett and Hillary have a long history of supporting.

As such, he’s busying running a $33,400 a plate fundraiser for this faux populist, along with the President of private equity giant Blackstone. Blackstone, of course, is one of the firms that benefited most from the Obama administration’s banker bailouts, by quickly buying up all the foreclosed homes only to turn around rent them right back to the peasants who were evicted. Here are a few articles on the topic to get caught up.

America Meet Your New Slumlord: Wall Street

 A Closer Look at the Decrepit World of Wall Street Rental Homes

Meanwhile, Buffett’s cronyism is legendary. See:

Warren Buffett the Slumlord – Predatory Loans, Kickbacks and Preying on the Poor at Clayton Homes

More Hypocrisy from Warren Buffett as He Structures Deal to Avoid $400 Million in Taxes

Crony Capitalist “Uncle” Warren Buffett Drives Company Profits Using Derivatives

A Wolf in Sheep’s Clothing

As such, it’s far from surprising that these two financial oligarchs would be aggressively helping to raise money for their chosen puppet, Hillary Clinton. Bloomberg reports:

Berkshire Hathaway Inc.’s Warren Buffett and Blackstone Group LP’s Tony James, two of Hillary Clinton’s most high-profile supporters in the world of finance, will gather at a fundraiser in New York this month to support the Democratic Party, according to people familiar with the event.

Attendees will pay $33,400 to the Hillary Victory Fund, according to the people, who asked not to be identified because there was no public announcement of the event.

Buffett and James, the president of New York-based Blackstone, are among business executives who have been vocal about their support for Clinton, the former U.S. secretary of state. Buffett, the second-richest man in the U.S., has long backed Democrats and called for higher taxes on billionaires like himself. 

Clinton “has a vision for America that’s very similar to mine, in terms of everybody being included in the prosperity we enjoy,” Buffett told Bloomberg’s David Westin in a televised interview in September.

Yes, yes everyone included. Kind of similar to what Barry said before unleashing the greatest income inequality in modern American history.

But hey…

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For related articles, see:

Ex-Goldman Banker Who Profited from Housing Crash and Subsequent Bailout Donates $100k to Hillary SuperPAC

A New Low – Hillary Clinton Claims 9/11 is the Reason She’s Owned by Wall Street

New Poll Shows 60% of Americans Think Hillary Clinton is Untrustworthy and Dishonest

COMPROMISED – How Two of Hillary Clinton’s Top Aides Received Golden Parachutes from Wall Street

How UBS Sent Millions to the Clintons After Hillary Saved the Mega Bank While Secretary of State

Hillary Clinton Blasts High Frequency Trading Ahead of Fundraiser with High Frequency Trader

Cartoons Mocking “Goldman Rats” and Hillary Clinton Appear All Over NYC

In Liberty,
Michael Krieger

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6 thoughts on “Here Come the Cronies – Buffett and Blackstone President Launch $33,400 a Plate Hillary Clinton Fundraiser”

  1. “Congress Is About To Gut A Depression-Era Law To Help Wall Street,”

    WASHINGTON — Congressional negotiators are considering gutting a Depression-era financial law in order to help private equity firms overpower pension funds and other investors in major bankruptcy cases. The item is being discussed as a potential policy rider for a spending bill to avert a government shutdown, according to sources familiar with the talks.

    The change would allow investors who own a majority of a troubled company’s debt to implement a new payment plan without input from a federal bankruptcy judge. As a result, big-ticket bondholders could extract punishing financial concessions from other investors — including pension funds — without government supervision.

    “This is about screwing pension funds to help private equity firms,” said one Democratic aide.

    The Trust Indenture Act, passed in 1939, bars such out-of-court strong-arming by major investment firms. But lawmakers are considering changing the law in light of two recent cases.

    http://www.huffingtonpost.com/entry/trust-indenture-act_5661c3f1e4b08e945fef2bbe

    the little people are doa

    Reply
  2. I think it is obvious that it will be impossible to get the country out of the hands of the oligarchs. I believe the best course of action is to do everything you can to effect failure of the entire system. With proper planning you may be able to escape before complete collapse. If you can, it will be a thing of beauty to watch from a distance. If not, consider your sacrifice as a gift to future generations who may be able to rebuild the country.

    I just hope I live long enough to see the end.

    Reply

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