US Banks “Buffetted”

Bank woes are “poetic justice”

The Chief is NOT a fan of Omaha uber-investor Warren Buffett, but in this case, he makes a good point.

The woes in the U.S. financial sector are “poetic justice” for bankers who designed and sold complex investments that have since gone sour, billionaire investor Warren Buffett said on Wednesday….

“It’s sort of a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end,” he said.

Bottoms up!