Reply #60: Simply, Buffett disrupted Paulson's scam. He INVESTED in Goldman. He set ...

[understandinglife]

... the parameters for any use of tax payer capital in any financial institution.

If he wanted to cause a catastrophe in the global financial system, he is actually capable of doing it.

All he'd have to do is diss Paulson and Bush.

He is an adviser to Obama.

Obama has used one word consistently in referencing how the US Treasury should intervene - INVEST.

Regarding one of the most likely targets of such an investment - Goldman Sachs - Buffett, yesterday, set the bar in terms of per share equity value and per warrant value.

Thus, the US Treasury, under supervision of the independent Commission Obama has proposed as having oversight, now has a benchmark. The benchmark was set by Buffett.

What Buffett also did was buy time for a reasonable piece of legislation to emerge.

He is correct, as is Obama, that the situation, globally, is not something that can be pushed to the 'back burner.'

At the same time, the foolishness that Paulson and Bush brought to Congress has been exposed for just that. Any action on the part of the Federal government should be based on investment instruments that go as far as possible of ensuring every American tax payer as good a return as possible.

None of this is fun and all of it is dangerous. A 21st Century 'global depression' will make the 20th Century version look like fun.

Thank you for your question.