Image: Buffett's huge $34 billion bet
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Buffett's huge $34 billion bet

The billionaire makes the biggest acquisition in the history of his company. » Full Story on Y! Featured

Oh how nice...the rest of the country can go to hell but Buffett has lots of money for himself, nasty and pathetic.

posted Nov 3, 2009 |
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Maybe Warren could buy Amtrak next, reversing the trend of nationalizing America's major services and industries? That would be a nice change from recent past!

Seriously,I hope this move benefits both Burl Northern and Warren Buffet, as cargo rail transport is a vital and more environ friendly option than many others, and Buffet is making an investment decision that will potentially help all of us, rather than just himself and his stockholders.

posted Nov 3, 2009 |
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Time for trains to move most of our goods with little pollution at low cost but if they are moving dirty coal instead the costs to society outweigh the benefits. Time for domestically produced natural gas free of a cap and trade tax to bridge the decades long technology gap to clean coal, safe nuclear, and cost efficient solar, creating jobs now, clean air, and independence from foreign oil. Instead, the Chinese are erecting wind turbines in America built in China and paid for with U.S. taxpayer funded stimulus funds. It is either time for change or there is no hope for America. Yes, we can?

posted Nov 3, 2009 |
+1
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Warren Buffett is a "STOCK HOG" who doesn't even pay dividends to his investors. I liked owning my little part of BNI and wanted to see it's future grow too. I certainly don't want to own any of Mr. Buffett's "oink, oink, grunt, grunt stock.

posted Nov 3, 2009 |
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good for him; money breeds money. And that is fine, but don't evn START to believe that this is a "bet". This is a guarenteed money maker. period.
The railroad has been able get by without making even the smallest "preventative maintenance" to guarentee the safety of the towns they pass through and the people aboard and nearby.
And as far as CSX goes; they are the worst of the worst. After saving 2.4 BILLION $ between 1981 and 1993. They were found guilty in the supreme court. of a preventable accident that cost 8 lives. They fought it all the way. The awarded the widow and children of one victim $50 million. And then handed the bill to AMTRAK ;which is government owned; and they are a div. of eveb though they are privately owned. And the taxpayers had to foot the bill.
I suggest you read "free lunch" by David Cay Johnston for some enlightenment.
"Bets on U.S."? No; I don't think so, he just knows how to make money grow.

posted Nov 3, 2009 |
0
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pd

This needs to be stopped by antitrust regulators. Otherwise a lot of companies that compete with his other companies will be run out of business by his railroad.

posted Nov 3, 2009 |
+1
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