Wednesday, November 17, 2010

Warren Buffett Just Loves Government Bailouts

Warren Buffett, newfound Oracle of Big Government, just loves U.S. government macroeconomic policy, circa 2008. This enabled him, among other things, to invest in and make 10% off of Goldman Sach preferred stock. Good for ya Warren! (less good for taxpayers)


Listen to Uncle Warren yuck it up:


In an op-ed in Wednesday's New York Times, Warren Buffett offers a belated thank-you to the U.S. government for averting a financial collapse back in 2008. "In this extraordinary emergency, you came through," writes the Oracle of Omaha. "And the world would look far different now if you had not." Buffett praises Fed Chairman Ben Bernanke, current and former Treasury Secretaries Henry Paulson and Tim Geithner, and FDIC Chairwoman Sheila Bair for acting with "courage and dispatch."


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