Thanks, Warren Buffett!
Warren Buffett has agreed to invest $5 billion in Goldman Sachs, to show his support for the bailout and his confidence in Congress’s ability to come up with a bailout plan.
If you read this blog, you know how I admire Warren Buffett. I hope his confidence in Congress is not misplaced. Fed Chairman Ben Bernanke has told Congress that the U.S. economy is faltering; I’m sure he also wants this bailout to happen.
Instead, Congress is playing its usual games – pork-barrel, gimme-gimme, whine, whine. If they want to help people pay their mortgages, the way to do it is to get the …read more