Quote:
Originally Posted by burn_this_city
Warren Buffett seems to think the US treasury will turn a profit off the $700 billion bailout. I agree they can't just keep spending but they need to do something to avoid a full on crash.
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You must have missed the "fine print" in regards to Buffet's recent moves into the market and his big buys into GE and GS:
http://www.minyanville.com/articles/.../index/a/19300
If I was getting those terms I would be buying too... If anything it should show how bad the situation is not how good it is.
And the only thing that grew faster than the American economy these past few years is the amount of debt in that economy:
