Speaking of wishing that Warren had delivered the economics lesson tonight, rather than the President, note this article at Bloomberg News:
Billionaire Warren Buffett, calling turmoil in the markets an “economic Pearl Harbor,”’ said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury’s $700 billion bank rescue plan.
“I am betting on the Congress doing the right thing for the American public and passing this bill,” Buffett said on cable channel CNBC today. “I certainly have a vote of confidence in Goldman and vote of confidence in Congress.” […]
“I think the Treasury will pay back the $700 billion and make a considerable amount of money,” Buffett said, adding that if he had $700 billion on the government’s terms to buy distressed assets, he would. “Unfortunately, I’m tapped out.”
