Thursday, 25 September 2008
One *great* reason for approving the Paulson bailout
Not.
Elsewhere:
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TURNING · OF · THE · TIDE
A brokerage house receives an order to buy ten shares of Goldman Sachs.
(Caption of the 1932 New Yorker cartoon by Rea Irvin)[1]
A brokerage house receives an order to buy ten shares of Goldman Sachs.
(Caption of the 1932 New Yorker cartoon by Rea Irvin)[1]
Not.
“If I didn’t think the government was going to act, I would not be doing anything this week... I am, to some extent, betting on the fact that the government will do the rational thing here and act promptly. It would be a mistake to be buying anything now if the government was going to walk away from the Paulson proposal.†- Warren Buffett, on why he just put $5 billion into Goldman Sachs
Elsewhere:
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[1] Not posting the image, because I can’t determine whether it’s still in copyright, or not. So you’ll just have to imagine.
Posted by: Old Grouch in
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