Weather Control connections?

Warren, I was betting this was about Jimmy.

Warren Buffett's Berkshire Hathaway fund has pocketed $224 million in a bet that Florida will not be hit by devastating hurricanes in the coming months.

To think I consider a $500 bet on something as big. I'm out of Billy Buffett's league.

where is our fucking Government, oh I forgot, I'm on the good ol' USA, land of the free home of the brave

and the best place to plan a Royal Scam (with all due respect to Steely Dan)

Quick question: what if the damages are more than $29 billion? Who's on the hook for that?

On cursory inspection, it looks like Buffett just got paid a quarter of a billion dollars to have first call position on new issues of muni bonds, tax-free, at a rate of 6.5%.

Sounds stupid to me. Why not just borrow the money today at 4.25%, and keep it in the general fund? They'd save much more interest than the $225mm. Dumb.

I'd like to put my entire years income on the other side of this deal. Money didn't buy extra brains. The amount of money that has to be spent before the funds liability is by the hurricane damage standards, very small.

So thats $1.35 against Buffet and.... oh well.

Florida tax payers loose either way
nothing or catastrophic
Yep, real nice call postion on muni

What the meaning of the word devastating? A hundred million? A million? A thousand? A hundred?

Burt,

It doesn't matter. Buffet trash talks on Bush and the economy, so he's automatically a Liberal savior.

That he's gaming these fools and making billions off their taxes does not matter. Scream "Bush Bad" and they will love you and happily hand over their money.

Being Florida, who gives a fuck anyway? Even State Farm has carved out Florida as a separate risk pool. When Global Warming(tm) raises ocean levels and eats their homes, they're on their own.