- Buffett complains that the economy and banks were over levered and needed government help but would not say that forcing the banks to raise capital was a good thing. He even hinted that it was unnecessary. He is sour about the fact that Wells Fargo had to dilute shareholders.
- Buffet diluted shareholders in the Burlington Northern acquisition but was complaining that Kraft is doing the same. The deals don't look very different to me.
- Buffett thinks the rich should pay a higher share of taxes yet lauded Kraft for selling their pizza unit in a way that did not avoid taxes.
Warren Buffett On CNBC
Warren Buffett is the greatest investor of all time but he is still human and hypocritical at times. This morning on CNBC Warren Buffett's double standard was on display.