Oracle of Omaha on the Bailout
Remember when the world used to look to Alan Greenspan whenever the economy in this country was on shaky ground? Then Greenspan would go before the Congress or make a statement from his office and his wise words calmed the markets just because he was Alan Greenspan?
Nowadays, the voice to look to for stabilization is none other than Warren Buffet aka the Oracle of Omaha and Berkshire Hathaway fame.
Here is what the Oracle of Omaha has to say on the bailout over at CNBC and MSNBC…
Video Link
Hang tight, Warren Buffet has a little bit more experience than Greenspan ever thought possible when it comes to the financial markets and the economy.
Papamoka
Labels: Alan Greenspan, Bailout, Berkshire Hathaway, Congress, Markets, Wall Street
posted by Papamoka at
9:29 PM
2 Comments:
I never understood why peopl eattached so much importance to Alan Greenspan's views. The current mess we are in is in large part due to his handling of the economy, yet this gets very little mentioned in any of the media.
Alan Greenspan ran a tight ship and was consistent with his policy that kept inflation in check. George Bush did everything he could to outspend Reagan and deregulate every industry that took full advantage of the deregulation.
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