_vagrant_joe

Why the Bailout Bill Alone Won't Solve the Credit Crisis

Since Warren Buffet is to investors what the Kaa'ba is to middle-easterners, we may want to note that Warren Buffet has balked at buying MBS's -and instead bought stake in the company best suited to get the gov't to pull the MBS's off of their books (GS -Paulson's alma mater). If Buffet wouldn't buy them at less than 20 cents on the dollar, that tells you something right there...