However, Buffett's "move" was free market driven. It was also slick in that it burned the short sellers who were confident of a BAC bankruptcy. Now, that possibility looks slim.
I think it was to burn the shorts for sure! In Europe they are civilised, the 'Powers that be' merely ban short sellers. In the Barbaric US of A they burn 'em! It's a casino and the house plays too! ...sometimes the house loses though.
Buffet is a PPT shill for the administration. Believe me, he got assurances from the white house that this will be a winning investment one way or another.
I firmly believe that Buffet is simply a "surrogate buyer" when the government cannot directly prop up a company. And yes, he is given many assurances that they "have his back". It's just occurred far too many times over the years for me to think that it's anything otherwise.