pharma

Warren Buffett Is Wrong on Fed Intervention in Bear Stearns

People sometime forgot that Mr. Buffett is a businessman. He runs and takes care of a very large investment company. His company is not much different from Goldman Saks and other investment banks. Therefore, the Fed is his business partner.

Consequently, the main driver behind every single statement he makes is well-being of his own company. So, do not be fooled by his appearances. He is not a monk. He is a very shrewed businessman.

Finally, big businessmen are all politicians! Do you trust them?