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“Per dollar invested, Mr. Buffett received at least seven and perhaps up to fourteen times more warrants than Treasury did and his warrants have more favorable terms.”""""""
Dec 15 14:40 pm
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All Comments by jimmy46 »Is The Great Depression the U.S. Treasury's 'Playbook' for the Current Crisis? [View article]
THAT ISN'T RELEVANT, IN 1946 CONGRESS PASSED THE FULL EMPLOYMENT ACT WHICH DIRECTS THE FEDERAL GOVERNMENT TO PURSUE POLICIES THAT MAXIMIZE EMPLOYMENT.
HAVING A FUNCTIONING FINANCIAL SYSTEM IS BASIC TO THAT MISSION.
BUFFET DOES NOT HAVE THAT DIRECTIVE, HIS DIRECTIVE IS TO MAXIMIZE PROFITS FOR HIS SHAREHOLDERS.
EACH MAN IS DOING WHAT IS EXPECTED OF HIM.