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#1
November 3rd 09, 11:19 PM
posted to rec.autos.driving
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Buffet to buy a railroad.
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. 
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