Memo to the Wall Street Dems: Buffet is starting to sweat his bet

[chill_wind]

"Hurry up!"

Buffett: 'Heaven help us' if bailout fails
Politico.com


Andy Barr Fri Sep 26, 5:46 AM ET

As the proposed $700 billion bailout plan met resistance Wednesday on Capitol Hill, billionaire investor Warren Buffett sounded the alarm on the peril of a failed rescue attempt of the financial markets.


“We are looking over a precipice in terms of the economic condition of the country for the next few years,” Buffett said during an interview on the Fox Business Channel. “If Congress doesn't help us on this, heaven help us.”

Congress will likely scale back the massive bailout plan.

Lawmakers have expressed concerns about oversight, as well as over the rushed nature of the bill. Party leaders and the president have shown support for the bailout since it was crafted over the weekend, but an increasing number of both Republican and Democratic members are expressing doubts over the plan.

more:
http://news.yahoo.com/s/politico/20080926/pl_politico/13864;_ylc=X3oDMTI1NzZyc3Q3BFJfYWlkAwRSX2RtbgN5YWhvby5jb20EUl9maWQDYmRhMGMzMzU0NTFiYmY2YjY0Y2Q0MWRlYjBiYWRlNDYEUl9sdHADMQ--


Buffett has said Paulson is doing a great job, and he recommended that the next president keep him as Treasury Secretary for another year or so.
He compared the urgency of passing a bailout with American's decision to go to war after Pearl Harbor was attacked in 1941.

http://www.cnbc.com/id/26866865/site/14081545/

[grannie4peace]

1. i wonder if d trump has anything to do with mcshits delay

he may not like buffet

[ingac70]

2. That's what he gets for gambling. n/t

[WhaTHellsgoingonhere]

3. So does this mean Buffett's driving the bus now?

He's long been considered Obama's meal ticket. Will he lean on Obama, or can Barack tell him to chil-lax? I don't like these bed fellows.

[chill_wind]

4. Heh.

Welcome aboard DU.

:hi: