theblueamerican

Here I Go, Criticizing Warren Buffett

I think what Warren Buffett was trying to do was remove the "panic and fear" that was running the market. It's a pyschology thing. The madness of crowds was causing irrational things to happen. It's why we have the FDIC, to prevent run on the banks. And with regards to the federal government getting involved as far as I know the feds are responsible for the Central Bank. It's an Alexander Hamilton kind of thing. When doesn't the government have the right to get involved in the economy when it's falling apart. Seems like a national security issue to me. And to Mr. Perez, Dick Cheney ran Haliburton, Haliburton gets lots of government money. Do you think that might be morally incorrect? I'd buy a used car from Buffett before I bought one from Cheney.