I'm fed up with all this scare mongering. Let's have some specifics. Bernanke and Paulson dodged this question many times over the last few days.
Either you have no balls or you're talking out your ass like Paulson. Step up to the plate and have some credibility and answer the poster's question please. S/he's only asking you to clarify what you mean in your statement. We've been hearing from Paulson for 2 weeks on "better then the alternative" yet he lacks the testicles to say what that alternative is. Some of us are aware money markets are frozen but most of main street is not aware of this. Bush beat around the bush last night and didn't really tell us anything we did not know. We are sick and fucking tired of hearing "better then the alternative." Specifics please.
what he said. I mean I am not suicidal financially or otherwise, but I think your average american wants a pound of flesh so to speak. http://www.youtube.com/watch?v=QMBZDwf9dok
That guy is good! I encourage everyone to listen to that tape regardless of what side of the fence you are on on this issue.
buffet also owns part of wells fargo, prudential real estate (at least in CA - I have been told by prudential agents) - geico and gen re. This guy is talking his book. But if the govt pays market prices as set by the market - then the plan is halfway to where it needs to be.
Mr. Buffet said - "Be fearful when others are greedy and greedy when others are fearful". The US government is the fearful.