sieraromero

Buffett's Essays: Simple and Essential

I truly agree wholeheartedly! Warren Buffet's words of wisdom from the past are truly a treasure. More importantly, and far more relevant are his current thoughts and observations about what this market and what this country as a whole need right now. I wish more people would pay attention to and give more thought to those words of wisdom! Good Luck to you all in these trying times that we are about to experience.

5 Things the Treasury Should Clarify Now

Regarding #3. If the firms do not wanr to participate in the fed. bailout if they have to suffer a share dilution if the gov. takes warrents on their equity base in exchange for rescueing them---THEN THEY DO NOT NEED BAILED OUT! Same for excepting limits on executive compensation or limiting dividends. They just want to do business as usual with the gov. picking up the risks and they have an opportunity for further profit at the expense of the taxpayer. We can no longer affordthis business as usual at the expense of future generations. If we need to suffer some short term pain for the long term benifit of our gov. and future generations,then so be it.