The man who has benefited more from governmental subsidies for financial companies (which also happen to comprise his core investments) than anyone else, Warren Buffett, has decided to cry foul and complain to the SEC over what is quickly becoming a war in the news wire world. Turns out, his Business Wire firm, which is one of the top two distributors of official news and information from public companies, has realized that subsidies are actually not all that cool, especially when one is not on the receiving end of wasteful capital spending. As a result Buffett has come to the brilliant conclusion: "Business Wire contends that subsidization would be anti-competitive." We wonder how long it will take before Mr. Buffet concludes the obvious - that government subsidization of his pet Wall Street firm Goldman Sachs has very much the same anti-competitive results? We are not holding our breath. Warren has once again proven that while the word hypocrite may be a tad strong in describing him, it does serve quite well.

— subsidies and Buffett  

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