What would happen if we let Warren Buffett run the bailout? I'd be willing to bet he could make a lot of money on it. Actually, he believes we can, if banks' bad assets are purchased at market prices, and not at an inflated rate. That issue seems to still be up in the air.
posted by Michael Wotka @ 2:14 AM
1 Comments:
At October 03, 2008 11:45 AM ,
Anonymous said...
He has put almost $8B into believing that the bailout will work. I think politics failed us on Monday. PERIOD. There is no blame to either party. There was a bigger picture than partisan politics on Monday and they f'ed up plain and simple. It's going to take another year to recover from the losses on Wall Street this week.
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