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Author:

LongTerm CapGains

Subject:

Off Topic

Date:

09/22/16 at 8:44 AM CDT

 

 

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Reply to:

MSG`#3930,`09/21/16
By Jam ok

 

Re: Fed doesn't raise rates

Buffett is always pretending to be the non-activist investor, but I think that he can exert much power behind the scenes (assuming he does not do this already, this certainly warrants it).  With 10% of WFC float, he certainly could directly lobby BoD members without it being public.  

As a major shareholder, it is his responsibility to do so. If he is not, then he is implicitly agreeing with the rotten WFC culture.

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