Interestingly, Mr. Gates’ strong comments contrasts a great deal with his good billionaire friend Warren Buffett who seemingly has no problem with the bailout idea (read: Warren Buffett Mouths off about General Motors).
Mr. Gates made the following comments to CNN and others last week:
"After all, they have to say 'if no one else is willing to invest, why is that? What is it that investors are seeing about this business model or cost structure that makes them unwilling, and why, in that case, is the government alone stepping forward in this way?"
"When you don't have any private investors you really have to say, is taxpayer money going to have the desired effect?"
"There are very few industries that aren't going to suffer this (economic) downturn.... How does government take its finite resources and decide how much restructuring or change is expected there?"
