A $50 Billion Airline Bailout for Warren Buffett

0
17
WhatFinger


So why are Republicans ready to make concessions to Democrats in exchange for the privilege of electing more Democrats with a Buffett bailout?


In March, as the Wuhan Flu was taking off in America, the Oracle of Omaha began buying airline stocks. Specifically, one of the wealthiest men in the country increased his stake in Delta Airlines to 11%.

Warren Buffett wasn’t oblivious to the coronavirus. The University of Nebraska Medical Center, not far from the black gated mansion of the billionaire, was on the front lines of fighting the outbreak. Passengers from the Diamond Princess cruise ship were being treated 5 minutes from his house.

Berkshire Hathaway now owns 11% of Delta Airlines, and between 8% and 10% of United Airlines, Southwest Airlines, and American Airlines

What was Warren Buffett thinking when he shoved $45 million more in good money after bad?

Berkshire Hathaway now owns 11% of Delta Airlines, and…

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here