Buffett endorses the bailout- calls credit crisis an “economic Pearl Harbor”

By: red_oakster (Diary)  |  September 24th at 09:33 AM  | 

Warren Buffett, on cnbc this morning, made clear that he thinks we need the bailout. Billionaire investor Warren Buffett, calling the market turmoil an economic Pearl Harbor,” said Treasury Secretary Henry Paulson’s $700 billion proposal to prop up the U.S. financial system isabsolutely necessary.” The market could not have taken another week” like last week, Buffett told CNBC today, a day after saying his Berkshire | Read More »