Nothing but love for the Oracle of O but whoa there big boy! Lloyd Blankfein doesn’t come into your Dairy Queen and trash talk the buxom milkmaids, AKA the Blizzard Babes, does he?

Buffett has called for greater accountability from bank executives whose risk-taking produces losses for shareholders and imperils the economy. The use of derivatives has allowed banks to add risk and “makes a mockery” of federal rules designed to limit losses, Buffett said. “You should go broke,” he said of chief executive officers whose firms require government bailouts to protect society. “And I think your wife should go broke, too,” he said.

Buffett Compares Wall Street To Church With Raffle [Bloomberg]

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Comments (12)

  1. Posted by WB | October 5, 2010 at 10:02 PM

    That’s right, you should all go broke. Hey Charlie, How are my Goldman preferreds doing?

  2. Posted by Shallow Thinker | October 5, 2010 at 10:11 PM

    In other news, Warren Buffet is kind of a hypocrite.

  3. Posted by Killin' It | October 5, 2010 at 10:38 PM
  4. Posted by Koolaidisfun | October 5, 2010 at 10:42 PM

    Bess is holding up the DealBreaker sale? Woohoo

  5. Posted by WarrenBaby | October 5, 2010 at 11:23 PM

    She’s not my special lady friend, man. I’m just helping her conceive.

  6. Posted by Rm45 | October 5, 2010 at 11:26 PM

    What happened to the Going Concern link that used to be at the bottom of the page? They sell that too? Or close it? Is Breaking Media breaking?
    Greg

  7. Posted by Matt Tabibi | October 6, 2010 at 12:00 AM

    Also, I’ve done groundbreaking investigative reporting that suggests that under his folksy exterior, he’s actually a savvy businessman forever driven by the search for profit.

  8. Posted by Mathman Prophecy | October 6, 2010 at 12:33 AM

    And he has fallen far from the tree. His father was a man of much higher intellect and principles. http://www.thefreemanonline.org/columns/the-economic-foundation-of-freedom-2/

  9. Posted by Finder of Dumbasses | October 6, 2010 at 2:05 AM

    Mathman, were you born with the ability to talk out of your ass or did you learn that at DeVry?

  10. Posted by MirrorMirronontheWall | October 6, 2010 at 2:34 AM

    I love Buffett, but I’m not sure that chiseling claimants out of insurance payouts for a living constitutes the moral highground.

  11. Posted by Anonymous | October 6, 2010 at 11:03 AM

    Raffles are guaranteed money-makers. Prizes are donated, or draws go 50-50. Wall Street would be lucky to get into the raffle business.

    http://proposition13.blogspot.com/2010/10/clearwell-systems-chances.html
    Buffet Dealbreaker Proposition 13

  12. Posted by right | October 6, 2010 at 2:48 PM

    Can WB just STFU already? All of his arguments appear to assume that everyone in the highest tax bracket is a billionaire.