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First buzzed by: Angela

Warren Buffett Makes a $44 Billion (!) Bet on Trains, Buys BNSF

That's Quite a Nice New Toy You Got There, and It's Not Even Xmas
Has the Oracle of Omaha seen the future? If so, it seems to include more trains, because Berkshire Hathaway, Warren Buffett's investment vehicle, decided to buy the remaining 77.4% of Burlington Northern Santa Fe (BNSF) railway that it didn't already own, and the price tag wasn't small: 44 billion dollars when cash, stock and debt… » Full Story on Treehugger

Gee, I wonder if Mr. Buffett might get a big old pot of Federal money from his buddy, Barack, to help his little choo choo investment.
Those endorsements seem to pay off for everyone, except the taxpayer.

posted Nov 3, 2009 |
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