SAF

Buffett's Import Certificates Plan Could Pilot the Economy to a Safe Landing

Buffet's scheme is another set of rules that will be circumvented and to the clever will go the spoils.

Consider this:

Under the same set of laws, SEC rules, economies etc. Buffet made his share holders billions and Madoff stole all his investors' money. And what this show is how ineffective all these laws are. Buffet was an honest broker and Madoff was not. And that in entirety is the difference in the outcomes as every other piece of the playing field was the same.

More rules and schemes won't do the job. We need an overhaul of the SEC and banking rules to make them much simpler. And then we need to enforce them. Good rules would let a Buffet thrive and stop a Madoff at the $50K mark not the $50B mark.

Buffett and the Limits to 'Awaiting Better Times'

And Buffet also said very clearly he had no idea where the market was going short term.