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FBN’s Charlie Gasparino explains why Warren Buffett, who was praised in the State of the Union but is being investigated by the SEC, is no grandfath...
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Legendary investor Warren Buffett has a fan club in the White House the president has mention them by name is last -- addresses before congress.
And even coined the Buffett rule as a guiding principle of -- tax reform agenda.
But while the president is happy to hold up mr.
Buffett as a paragon of progressive values and virtues he appears to have overlooked mr.
Buffett's checkered ethics record.
As the head of Berkshire Hathaway something that is leading to an investigation from the Securities and Exchange Commission.
-- to help explain all this is a good friend of the show and my good buddy.
Fox Business senior correspondent Charlie Gasparino you -- quite any of blistering piece about him this morning why -- people think he's -- -- why do you say is really -- Indeed in New York Post I mean -- here's a thing this was like such low hanging fruit.
If you know anything about Buffett's record you know it's it's filled with conflicts I mean let's and I don't -- I don't care people want wanna buy.
Buy stocks low sell high that we -- though to Mitt Romney this.
Why is only Mitt Romney getting.
Didn't plastered for this and not -- but what is what does -- SEC after which is done the same thing in even worse here's the bottom line.
In March his number two guy -- -- is heir apparent resigned from the company from Berkshire happily -- his name is David Sokol.
Well at first this is what they said he was going on to do.
You know one other thing I suspect it whatever whatever whatever euphemism they use and above what -- explain and by the way.
David did nothing wrong but here's what he.
That dad personally that he recommended that I buy for Berkshire and by the way.
I did buy this company and he made a nice profit on it and by the way all this is legal or facilities that insider trading.
What shares is something so everybody knew the most famous investor in the world was about the by which would raise the value of -- -- also recommended.
That the most famous invest in the world by that other one doesn't know about this yes and this is why it is so bad and good morning.
Facts and circumstances of come out about this.
The worse it looks -- I can only say this if this was a conservative of -- -- was I -- take witnesses inside trading the SEC is investigated in congress you know as.
A lawyer judged that that kind of it's a Fuzzy it's a Fuzzy and to be let it be fair to Warren Buffett and you we both that question whether or not insider trading laws -- even now let me -- -- question ethically.
Isn't that a sleazy sleazy thing OK so why -- the president hold him out is this paragon is it simply because.
He's a rich -- who contributes to the demographic as a liberal agrees with the president and it's not just that the media.
Overlooks all this overlooks the fact that he went out and made huge investment in Moody's.
When a financial crisis after the financial crisis will we know that Moody's the rating agency right as one of the perpetrators of the financial crisis gets what he defended that business on why does the media may warrant -- look good when they try to make other people -- do the same things look bad when I said this was such low hanging fruit.
I said it because.
The media is so -- when it comes to this this is not this is not something that I have to explain a lot to tell you that if this was a conservative businessman with this type of record.
He would be part of fed if the price for president Romney.
Held up some business man that did some of the stuff.
He would be flushed at being vilified -- to be going and it's one of the worst pieces I believe.
Of liberal bias I've ever seen -- -- Charlie it's a pleasure as always thanks for joining us are you getting greedy.
