Legendary investor Warren Buffett warned Congressional leaders Saturday night of "the biggest financial meltdown in American history" if they did not act to secure the financial system.
Buffett, by telephone, was consulted by lawmakers who were in marathon talks on Capitol Hill to forge a deal on the administration's $700 billion economic bailout plan, according to two sources.
One lawmaker in the negotiations said that the participants called Warren Buffett to get his help in gauging potential market reaction. ...
Earlier in the week, Buffett also warned that the financial crisis is "everybody's problem," not just Wall Street's. The potential collapse of financial institutions would cause industry to grind to a halt, he told CNBC Wednesday, and could have "gummed up the economy."
Monday, September 29, 2008
Buffett warned Congress of "biggest financial meltdown"
Buffett urged Congress to pass the Troubled Asset Relief Program:
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Mr Buffet your completely off course with this. This problem belongs to all the ceoS of major companies, all the greedy people in the Government....so you cant hand this issue off to the people. How dare you say its everybodys problem..when there are folks out there whos homes are terminated, lives, job etc.. If i have lost my house will i contact mr Buffet and say to him Mr Buffet this is everybody problem no.....I loose my home. You are a political puppet. Its not everbodys problem..you pay for it then, you have plenty of money now it can be your problem. We the people do not want a guy like you speaking on our behalf....No body has ever bailed me out...its the banks baby...sooo sorry. Im not gonna pay for that. You gonna pay for my recklessness personally...didnt think so your not fooling anybody.
ReplyDeleteVirginia beach, va
Mr Buffet your completely off course with this. This problem belongs to all the ceoS of major companies, all the greedy people in the Government....so you cant hand this issue off to the people. How dare you say its everybodys problem..when there are folks out there whos homes are terminated, lives, job etc.. If i have lost my house will i contact mr Buffet and say to him Mr Buffet this is everybody problem no.....I loose my home. You are a political puppet. Its not everbodys problem..you pay for it then, you have plenty of money now it can be your problem. We the people do not want a guy like you speaking on our behalf....No body has ever bailed me out...its the banks baby...sooo sorry. Im not gonna pay for that. You gonna pay for my recklessness personally...didnt think so your not fooling anybody.
ReplyDeleteVirginia beach, va