Buffett's vote of confidence in B of A, US economy

Lets get one thing straight about Mr. Buffett. He is about making money! He doesn't believe he is paying enough taxes but also doesn't voluntarily send in more. Buffett will say whatever it takes to make money. The current govt already stated they were going to keep rates near zero for the next 18 months (well at least through the next election cycle). So 6% yield looks like a deal. The govt backed the banks with billions to prop up so what is Buffets risk? The govt will let the banks raise fees to payback to loans screwing the little people again. Had the banks been allowed to fail for their misdeeds it might be a different situation. Instead anyone living or hoping to make any money off of interest will continue to get screwed for another 18 months.

Good move Mr. Buffett, I wish I could get 6% on my money without risk.

I was so saddened to hear Buffet was investing in Bank of America.  I truly hope this bank goes under...push em to the brink and watch em sink!

Additional government bail outs are not an option.  The political costs in washington would be too steep.

Buffett made his money and reputation by buying good companies when they were in the tank and holding them until Ronald Reagan had restored the economy.  He did nothing that Peter Lynch and hundreds of others weren't doing...............​......except he never retired.  Even after he had billions, it still wasn't enough.   Now, he can no longer count on a return to solid (or even sane) fiscal policy by our government.  So he has resorted to being a wall street loan shark.  He is literally  a 'money mafia' that gets special access to company information and can, through the use of the immense capital held by berkshire hathaway, manipulate the economy and businesses while getting outrageous special treatment that isn't given to the shareholders of the companies he extorts.

I despise B of A for how they've started treating their customers and I hope they go under............tak​ing buffett with them.

Buffet is quite correct. However, with the way the finance reform was finally enacted, banks still have enough loopholes to go right back to where they were before the Meltdown in 2008. Using the excuse that "it's too much paperwork" to insure that they hold a specific amount of money in reserve, they managed to get Republicans to do their bidding and put enough loopholes into finance reform to make it useless.

Just once, I'd love to see Republicans working on issues that matter to the people of this country and stop their campaign addictions. Republicans have taken campaigning to new heights...It never ends for them. They can't stay focused on major issues long enough to actually resolve them. Or maybe, that's just another Republican ploy to keep these issues unresolved long enough until American taxpayers go into crisis mode and rebel?

The Republicans are taking the biggest hit in nearly all national polls. No one wants an end to the Republican party. We want them to do their jobs. And not use that corporate slash and burn technique on legislation that helps the working poor and Middle Class while overstuffing the 1% with trickle up economic plans that keep Big Money the sole control of government.

@Deniece Webber - $1 million for each person in America? Considering the population is roughly 300 million (give or take) that would amount to over $300 trillion. That amount of money doesn't exist.

Though I hardly see the point in such an article, the response has been nothing more than a classic case of apparent jealousy where the self-righteous attempt to dictate how another person should spend their money.

The funny part of this sad story is that Bank (Robbers) of America (BrOA) isn't trying too hard to hide the fact that they are essentially "buying" a vote of confidence. Buffet isn't taking much of a risk with the guaranteed yield and options, and can stand to reap OMG profits if BrOA pulls out of their tailspin. Big IF right now if you poll BrOA's past and current indentured servants.

What BrOA really needs is a wholesale image makeover that even the best Wallstreet spinsters would have to work overtime on. Just like slapping lipstick on a pig, the only difference is that the pig is already bacon in my opinion!

The only saving grace would be for them to actually start valuing their customers' business, instead of making it like they are doing consumers a favor by accepting their business.