Warren Buffet Is Lender Of Last Resort
by Anorak | 2nd, October 2008
Well, if the ongoing proceedings in Congress are anything to go by Warren Buffet may end up as the lender of last resort after the Federal Reserve goes down; Dog only knows that I have spent 20 years pointing out that the Savings and Loans debacle was not only predictable but blindingly obvious, and that the same thing would happen all over again, with brass knobs on, if they didn’t relocate the rocket scientists to someplace where they could do less damage, like weapons research.
They didn’t, and it has…
Posted: 2nd, October 2008 | In: Reviews Comment (1) | TrackBack | Permalink
