clifp
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Oct 27, 2006
- Messages
- 7,733
I just finished watching Charlie Rose interview Warren Buffet. I must say I felt much better about the future of the country after watching it. I urge everyone to read the transcripts or watch the show (when it is available).
His analogy they we have a super athlete who had an heartache, and the most important thing the paramedics can do is revive the patient not argue about did his diet cause the problem, or should the defibulator be placed 1/4" of inch up or down.
He made two essential points; first this action is not for Wall St., rather patient lying on the floor is the US economy, and secondly this isn't a bailout rather it is an investment. He said the he personally would be willing to take 1% ($7 billion) of the 700 billion package if he could get the profits. Finally, he pointed out with everyone frantic to deleverage the US treasury is the only institute in the world they can provide this liquidity.
I also continue to be impressed with how sharp the guy is at 78, his command of the facts and figures of the economy is impressive.
His analogy they we have a super athlete who had an heartache, and the most important thing the paramedics can do is revive the patient not argue about did his diet cause the problem, or should the defibulator be placed 1/4" of inch up or down.
He made two essential points; first this action is not for Wall St., rather patient lying on the floor is the US economy, and secondly this isn't a bailout rather it is an investment. He said the he personally would be willing to take 1% ($7 billion) of the 700 billion package if he could get the profits. Finally, he pointed out with everyone frantic to deleverage the US treasury is the only institute in the world they can provide this liquidity.
I also continue to be impressed with how sharp the guy is at 78, his command of the facts and figures of the economy is impressive.