Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Warren Buffett to S&P: You Spell America, USAAAA!

New York, New York –

Although his comments were well intended, meant to calm the nerves of already jittery investors come Monday morning when the opening bell rings on Wall Street, Warren Buffett’s cognizance has had the opposite effect. When he said over the weekend of the investment risk assessment agency of Standard and Poor’s that they should have given Uncle Sam a “quadruple A” rating, instead of a “double A plus”.

“Wow! I guess the old man really lost it,” said one Wall Street investor. “Can’t he see we live in a global economy? And that America is just not number one anymore?”

A Wall Street insider said the market can weather Standard and Poor’s downgrading on the trading floor, “But I don’t think it can stand losing Mr. Buffett as well.”

Immediately after Mr. Buffett’s comments, however, a statement was released from the billionaire’s New York office that seemed to distance itself from the 80-year-old tycoon.

“With all due respect to Mr. Buffett, he just hasn’t been the same since he gave away a substantial portion of his fortune to charity,” read the statement. “He hasn’t yet realized any return on his philanthropic ventures, which has him somewhat perplexed.”

While other critics believe that Mr. Buffett is suffering from a very rare form of disease.

“Mr. Buffett has a disease almost never found among Wall Street types this days,” confirmed the Buffett family physician. “It’s called patriotism.”

Mr. Buffett’s physician added that there is little for other Wall Street investors to worry themselves about.

“It’s not a pathogen. So it isn’t contagious,” explained the doctor. “It’s genetic. Either you got it in you…or you don’t.”

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