"Wall Street certainly doesn't really feel loved, " Buffett told Charlie Rose in a Sept 30 interview broadcast on PBS. "I think there was some rhetoric that contributed to that particular. " Buffett, 81, is seeking to draw backers for Obama's reelection and planned to go to a fundraiser for the president last week in Ny. Obama has been accused of "class warfare" by Republicans for trying to close the deficit by raising taxes on the rich.
Obama has asked Congress to enact a so-called Buffett guideline, requiring those earning $1 million or more a year to pay taxes for a price similar to that of middle-income Americans.
"You take the amount of people making a million dollars or over on Wall Street and you will fill a very large auditorium, " Buffett said. "I believe the president felt, 'My God, look at all the items we did for business, and they're unappreciative, and I'm everything stands between them and the pitchforks. "
Buffett, chairman and ceo of Berkshire Hathaway, did at least five television interviews on September 30 on topics which range from Berkshire's investments and BoFA's struggles to politics and Europe's financial debt crisis.
Berkshire added about $4 billion in common share to its investments in Q3, Buffett said.
That even comes close with $3. 4 billion in the Q2 and was probably the most since Berkshire ploughed $3. 6 billion into stocks throughout Q3 of 2008, the height of the global credit score crisis.
Source : India Times