Saturday, October 3, 2009

Buffett Dines On California Salmon

Raw, ratepayers....

Maybe he would like a cup of your blood to wash it down.

"Utility to remove dams blocking salmon" by Bettina Boxall, Los Angeles Times | October 1, 2009

LOS ANGELES - The settlement terms call for PacifiCorp ratepayers to pay a surcharge to finance a company contribution of up to $200 million for dam removal and river channel restoration. The state of California would provide as much as $250 million in bonds....

Are YOU EFFIN' s***ting me?

Also see: The California "Crisis"

Municipal Bond Milking

For PacifiCorp, consenting to the end of the J.C. Boyle, Copco Nos. 1 and 2, and Iron Gate dams ultimately was a business decision. The utility, a subsidiary of billionaire investor Warren Buffett’s Berkshire Hathaway empire, faced litigation and expensive relicensing requirements for the dams....

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Couldn't Buffett's group PICK UP the TAB seeing as they DID GREAT LAST QUARTER????

"AIG earns $1.82b; Freddie Mac in loss as Berkshire gains" by Associated Press | August 8, 2009

In other earnings news yesterday, Warren Buffett’s Berkshire Hathaway Inc. posted its best quarter in nearly two years, with second-quarter net income rising 14 percent to $3.3 billion.....

That is in ONE QUARTER, Californian!


The bottom line at Berkshire Hathaway Inc. was boosted by recovering stock markets. Operating earnings nevertheless fell short of expectations , reflecting lower underwriting gains, including from the Geico Corp auto insurance unit, and the impact of the recession on Berkshire’s more economically sensitive manufacturing and service units. Second-quarter net income for the Omaha, Nebraska-based insurance and investment company rose 14 percent to $3.3 billion....

Greedy f***s are never happy.

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