a letter to brk shareholders,

warren e buffett, a man who i once admired and held on a pedestal, is guilty of aiding and abetting the paulsino wall st crime family and the other banking crime families when he pleaded on their behalf to have tarp approved under his exaggerated terrorist threat of an imminent economic pearl harbor.

this is particularly hurtful for me as i once wrote web a ty letter for his excellent stewardship of my long held investment in brk and his bravery to speak out against the corruption and often misplaced ethics of wall st. he was even kind enough to write me back, and i framed his letter to me and put it on my office wall.

regretfully, it now sits face down in my closet squished between some old green folders and unused stacks of paper.

the man who claims to be "a thousand miles away from wall st," is now their siamese twin, joined at the hip to these financial jihadists via his billions in invstmnts in these companies (wfc, gs, ge, bac, mco, etc) and his strong support of a corrupt banking bailout (stress tests..lol!) that puts the taxpayers and our country at much greater risk of an impending implosion when the next bubble bursts/recession occurs.

the gutless and transparently weak OBAMA banking reform "lite" plan will NOT work will be a complete FAILURE for our society.

obama is completely ignoring MR VOLCKER's recommendations preferring to have a banking reform solution spoon fed to him via timmy "hot banker pants" geithner's wall st masters. their reform is entirely corrupt and self-serving and as it conveniently appears for mr obama, a shrewdly politically calculated way to spread losses out slowly over time giving the FALSE HOPE that things are better. LOL!

while that may be good as seen through the politically clouded and myopic lenses of the obama administration, this practically guarantees US a lost decade like japan due to the fostering of and creation of a "zombie banking system" that refuses to lend and grow our economy as it takes years for c, bac, wfc, jpm, and their ilk to absorb the massive losses they still hide via voodoo accounting in their corrupt and convoluted financial stmnts.

if these MASSIVE losses the banks sit on are restructured, absorbed, allocated, etc., to the very parties that deserve and legally "own" them, aka the bondholders and equity holders, then MORAL HAZARD is finally killed off and the raping and pillaging of taxpayers ENDS and a REAL SUSTAINABLE HEALTHY JOB CREATING RECOVERY BEGINS!