Warren Buffet vs. Barack Obama

President Obama has proposed a levy to recover $117 billion of taxpayers’ money, which banks consumed during the financial crisis. Warren Buffet opposes to this proposition, as he believes the money was used to save the American economy, not solely the banks. Moreover, financial institutions such as Goldman Sachs and Wells Fargo & Co., have already repaid the government sufficiently in bailout funds. Obama is still determined to recover the money as a response to the massive profits and bonuses these particular institutions have reported. (Bloomberg.com)

Tobias Hollanders