Washing Our Hands Of The Situation

By Bess Levin

Warren Buffett has once again—for the fourth time—reduced Berkshire Hathaway’s stake in PetroChina, to 7.99 percent from 8.21 percent. Though he claims it’s just about money, Buffett’s actions are indicative of a desire to distance himself from a company which human rights activists have a problem with because of its investments in the Sudan, a region that is currently going through a restructuring of its population. Just as nauseatingly, the sale also hints at Buffett’s intent to raise cash in order to buy up a bunch of Bear Stearns (though that has less to do with a dwindling interest in genocide than it does the early stages of dementia). The man cannot be helped. We are done.
Earlier: Why Doesn’t Warren Buffett Want To Fund Genocide Anymore?
Somebody Save Warren Buffett From Himself, Bear Stearns
Buffett Further Cuts PetroChina Stake [AP]

Comments (9)

  1. 1
    Posted by Anonymous | September 28, 2007 at 3:43 PM

    The least he could do is redistribute his evil-investment quotient into an equity stake of bear stearns

  2. 2
    Posted by Anonymous | September 28, 2007 at 3:54 PM

    or those bastards at Countrywide

  3. 3
    Posted by Anonymous | September 28, 2007 at 4:04 PM

    3:34 and 3:54:
    Read Greenspan comments below: drinking is bad for you, your stomach and your morale.

  4. 4
    Posted by Anonymous | September 28, 2007 at 4:13 PM

    seriously now, genocide=restructuring, i understand you are trying to be edgy and funny, but thats just uncalled for.

  5. 5
    Posted by fucking morons. | September 28, 2007 at 4:17 PM

    oh god, get the fuck out of here you douchebags and leave the people who appreciate humor and bess to ourselves.

  6. 6
    Posted by The New York Times | September 28, 2007 at 4:21 PM

    Perhaps you are not aware that evil mortgage originators and broker dealers will be SINGLE (double?) HANDEDLY RESPONSIBLE for causing the foreclosure of millions of American subprime homeowners who were renting a year ago anyway.

  7. 7
    Posted by Its me again | September 28, 2007 at 4:22 PM

    Hey, I said THE LEAST he could do. Obviously there’s no substitute for a good genocide.

  8. 8
    Posted by Anonymous | September 28, 2007 at 5:01 PM

    Bess, you’ve got some fans girl.
    I’m off to thoroughly (double-handedly) enjoy my potentially last pre-genocide weekend. I’ll be carefully monitoring my surroundings for wild DB fans cum hedge-haters while I determine the best way to cash in on all the foreclosures going on around us.

  9. 9
    Posted by timothy donner | September 30, 2007 at 2:34 PM

    why is Buffett supposed to care about Darfur more than the Chinese do?
    You do not become a billionaire because you are so concerned about other people and their rights.
    Berkshire Hathaway has enough cash to buy Bear Stearns if it wants to

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