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Berkshire Hathaway Inc. Message Board

  • bobo21029 bobo21029 Sep 10, 1999 7:49 PM Flag

    The Frankel Swindles.........

    .........does anyone have any feel for BRK's
    exposure to this mess?..........I understand that several
    smaller insurance companies have already been
    damaged......my sense is that BRK is able to weather about
    anything that comes along.......but .....you never
    know.........sometimes these things start small and end up with a big
    ripple effect.........

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    • President_Billy_Clinton President_Billy_Clinton Sep 11, 1999 12:36 PM Flag

      Frankel only stole a few hundred million, even if
      we were responsible for all of it, it wouldn't
      matter. He was mostly taking advantage of the micro
      players. We would not have needed his services. He is such
      a looser (for getting caught). It's kinda funny
      that he was actually afraid of buying stocks and bonds
      for his client's accounts (presumably scared of
      loosing money) and then he proceeded to STEAL
      it!

      I mean, geez, if you're going to do it, do it
      right. He spent his time hanging out in cafes, not even
      in disguise! The FBI's trail was cold for two months
      before the tip came in. At least he did the initial part
      of the plan right.

 
BRK-A
188,900.00+3,260.00(+1.76%)Apr 16 4:00 PMEDT

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