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View Full Version : An interesting take...on the bailout



wolfdancer
11-19-2010, 06:11 PM
very fair and unbiased.....
*** (http://www.fool.com/investing/general/2010/11/19/president-bush-and-warren-buffett-on-the-financial.aspx)
Could be that another "great depression" was averted.

eg8r
11-19-2010, 08:12 PM
Pretty interesting article.

eg8r

Gayle in MD
11-20-2010, 08:55 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: wolfdancer</div><div class="ubbcode-body"> very fair and unbiased.....
*** (http://www.fool.com/investing/general/2010/11/19/president-bush-and-warren-buffett-on-the-financial.aspx)
Could be that another "great depression" was averted. </div></div>


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">"Only one counterforce was available, and that was you, Uncle Sam," wrote Buffett. "Yes, you are often clumsy, even inept. But when businesses and people worldwide race to get liquid, you are the only party with the resources to take the other side of the transaction. And when our citizens are losing trust by the hour in institutions they once revered, only you can restore calm."

</div></div>

What would the Libertarians say!

Nobody liked it, but it was necessary, under the conditions prevailling

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But what about President Obama's disgraceful decision on the automobile BAILOUT!!!

http://www.youtube.com/watch?v=Rwt21jfxNKM