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reACTIONary

(7,287 posts)
7. At one time Warren Buffet was a part owner...
Tue Feb 10, 2026, 09:15 PM
Feb 2026
https://medium.com/@adamraczkowski/the-billionaire-and-the-bridge-6e0bdbe5e4d7

In the 1920s, with the Detroit automotive industry providing strong backing, the private Detroit International Bridge Company was formed. Construction was completed in 1929, just in time for the Great Depression, which put the company into bankruptcy in the 1930s. Through this process, the company became publicly traded. By the late 1970s, Warren Buffet owned a quarter of the Detroit International Bridge Company, as did Matty Moroun. Drawing on the resources of his trucking firm, Matty Moroun bought out Warren Buffet and other investors, taking the company private for $30 million in 1979.

Recommendations

3 members have recommended this reply (displayed in chronological order):

We really need to take Dumpy's keys away. Whyisthisstillclose Feb 2026 #1
How does a private individual have control over a major border crossing? Wiz Imp Feb 2026 #2
I was going to ask the same thing. underpants Feb 2026 #3
Put a billionaire and Trump in a room and anything can happen Raven123 Feb 2026 #4
At one time Warren Buffet was a part owner... reACTIONary Feb 2026 #7
He bought it. Has owned it forever, and doesn't want competition. James48 Feb 2026 #8
I called this in a different thread JBTaurus83 Feb 2026 #5
Ah. And what else did Moroun bring to the meeting? tanyev Feb 2026 #6
The Moroun's JBTaurus83 Feb 2026 #9
Chump and his family can relate to that FakeNoose Feb 2026 #11
Everything with Trump... follow the money... bsiebs Feb 2026 #10
I think it's time for the Morouns to get a little taste of eminent domain ToxMarz Feb 2026 #12
Can anyone help me understand how a billionaire controls a AllyCat Feb 2026 #13
Canada should boycott the moron bridge!! aeromanKC Feb 2026 #14
How much did he have to grease Donald Dump's butt to get this to happen? mdbl Feb 2026 #15
That is the first time I have known of trump being called "MAGA leader" mysteryowl Feb 2026 #16
I did a double take, too... IthinkThereforeIAM Feb 2026 #20
It's interesting, just yesterday we had members downplaying the possibility of a connection Ilikepurple Feb 2026 #17
Yup, as soon as I read that paragraph in the other article, I had a feeling that was the reason. mwmisses4289 Feb 2026 #18
Nice bridge ya got there! BidenRocks Feb 2026 #19
MaddowBlog-Democrats launch investigation into Trump's 'Bridgegate' controversy LetMyPeopleVote Feb 17 #21
MaddowBlog-Why a generous super PAC donation makes Trump's 'Bridgegate' look even worse LetMyPeopleVote Feb 23 #22
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