September 25, 2008

MSSRs. BUFFETT, VOLCKER AND RUBIN SHOULD BE THERE TODAY TOO:

Buffett backs Treasury plan: Billionaire says market meltdown is 'an economic Pearl Harbor' (ERIK HOLM, 9/24/08, Bloomberg News)

Billionaire Warren Buffett, calling turmoil in the markets an "economic Pearl Harbor," said his $5 billion investment in Goldman Sachs Group is an endorsement of the Treasury's $700 billion bank rescue plan.

"I am betting on the Congress doing the right thing for the American public and passing this bill," Buffett said on cable channel CNBC Wednesday. "I certainly have a vote of confidence in Goldman and vote of confidence in Congress."

Posted by Orrin Judd at September 25, 2008 8:21 AM
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