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Washing Our Hands Of The Situation

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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]