Posted by: Masane May 9, 2013
Fannie Mae
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Okay no bank prints money, it's the US treasury that can print money.. Second if the bank were to find lot of gold, it won't be just wise to think the bank would do good.. What about the risk in mining, the cost for compliance, the right way to get it to customers..how profitable will that be ??
And Berkshire Hathaway holdings just bought those dead old newspaper to save the industry......not to make money ...but eventually they will go up ... And once people know what warren bought they will jump in ... Btw warren buffet owns a lot of shares in New York Times and gannet inc (newspapers).

And don't buy small banks, they are ticking time bomb...

If you wanna buy long term buy Telsa(wait couple of days before it gets down) and Bristol Myers Squibb..
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