Multibillionaire investment whiz Warren Buffett just dumped milllions of shares of Bank of America stock. Why? Well, some think Buffett knows that a crash is imminent and he wants to have plenty of cash on hand to swoop in and seize the opportunity to snap up an even bigger piece of the pie at rock bottom prices.
Also famous TikTok star Ian Carroll breaks down the circular ownership of BlackRock and how Buffett’s Berkshire Hathaway is intimately involved in that ring of corporate self-dealing.
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I’d love to read the news in the morning and learn that boa imploded overnight.
The government would not let it go down, though.
Obama bailed them out; politicians will continue the status quo.