Buffett just bought a stake in Goldman. That stake would be a lot more valuable if there were actually a poker game--that is, if mortgage securities were still trading. Right now, they're not trading. So Goldman is sitting there ready to play and no one is ready to play with them.
Along comes Uncle Sam, who wants to take a one-hour lesson in poker and then sit down and play in the World Series with $700 billion in chips. And whaddaya know? Warren Buffett thinks Uncle Sam really has to get in the game.
Wednesday, 1 October 2008
Warren Buffett gets his big swinging dick out
Ante up:
Subscribe to:
Post Comments (Atom)
1 comment:
Call my bluff, but isn't this the biggest delaying tactic in history?
Post a Comment