Warren Buffett's appearance in front of the FCIC approved very few fireworks. By our estimation, the Oracle totally charmed the panelists, preventing them from landing a blow on anyone.
But this is interesting, especially if, like us, you think that state finances remain a growing economic problem.
According to DealBook, he warned of a "terrible problem" for states in refinancing their debts. Asked whether various states should be rates AAA, he said: "If the federal government will step in to help them, they are triple-A. If the federal government won’t step in to help them, who knows what they are.”
