Harvey Organ Wednesday, April 27, 2011
Moving the indicator to DEFCON 3/ gold and silver blast off after FOMC statement
And So The Billionaires Turn On Each Other - Sokol's Lawyer Accuses Buffett Of Lying
Submitted by Tyler Durden on 04/27/2011 20:39 -0400And so the cannibalism at the very top begins. According to a statement just released by Barry Wm. Levine, attorney of David Sokol (who was slated to be the next head of Berkshire... until Berkshire decided to sue him that is), none other than the Octogenarian (soon possibly the Outcast) of Omaha was in fact lying, and arguably committing 10(b)-5 fraud by not disclosing the full details of his and Sokol's involvement in the situation in the Lubrizol proxy. To wit: "Mr. Buffett was told twice, not once, about Mr. Sokol’s ownership of Lubrizol stock before Mr. Buffett engaged in any discussions with Lubrizol." And we personally can't wait for Munger to be the next fall guy: we are confident that Charlie will suck it in, like every other good citizen who benefited from the infinite taxpayer largesse. Grab the popcorn - it's dirty laundry "on the record" time.
By: Jim Willie CB
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