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Old November 3rd 09, 11:35 PM posted to rec.autos.driving
elmer
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Posts: 28
Default Buffet to buy a railroad.

Brent wrote:
> http://finance.yahoo.com/news/Buffet...sset=&cc ode=
>
> "NEW YORK (AP) -- The biggest name in investing is making what he calls
> an "all-in wager" on the U.S. economy -- $34 billion to own a railroad
> that hauls everything from corn to cars across the country.
>
> The acquisition of Burlington Northern Santa Fe, the nation's
> second-largest railroad, would be the biggest ever for Warren Buffett's
> Berkshire Hathaway investment company."
>
> -----------
>
> My guess is Obama and company have regulation and tax policy coming that
> will favor rail.
>
>
>
>

Let's hope he doesn't strip out the equity and sell off the scraps so a
Chinese Government Company can then operate America's railroads.
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