Buffett is more fully behind the plan than most. The highlights as I saw it:
- The U.S. financial system was scarily close to melt down last week
- Every U.S. taxpayer will be on the hook if we do melt down
- The plan is the right one and has to be approved
- Paulson is the perfect guy for the job
- The Fed can actually make money on the workout if they do it right
- If he could borrow $700 million he'd consider doing it himself
Here's hoping.
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