Gorm wrote:No, the game never ends. It change forms, but does not never ever end untill we are extinct.
Life goes on and one has to adapt or die.
Something doesn't jive. Buffett was ranked the world's wealthiest man in Feb '08, is 78 years old, a widower, drives a Chevy, and already said repeatedly he will not leave a dime for his heirs. I'm sure, make that positive, Buffett has sufficient cold hard cash under his mattress for his last 10-15 living years. Whether digital wealth or not, I don't think he's saving HIS life. He's made.ReverseEngineer wrote:Warren coughed up $5B of his digital wealth to Goldman in order to save his life...
Billionaire Warren Buffett told congressional negotiators that if they can't agree on a proposed financial bailout, the nation will face "its biggest financial meltdown in American history," two sources familiar with the talks said.
BigTex wrote:I agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.
Snowrunner wrote:BigTex wrote:I agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.
In past times, when things got really bad, heads where chopped off.
So why not do it this time around? If the Government is so concerned about "Mainstreet" then the answer is to offer Mainstreet directly support, e.g. Set up a new Fond and allow people to apply for money if they need it (and if it is fiscally sound), this would cost a lot less than 700 billion (or however much it is going to cost in the end), will be a lot ore transparent AND directly benefit the people at the bottom.
Buffet clearly is doing what he has always done: He sees an opportunity and he fully uses it.
As the saying goes: Don't hate the player, hate the game.
Kristen wrote:Snowrunner wrote:BigTex wrote:I agree with Buffet that some sort of government action is necessary at this time to avoid an imminent emergency. I don't think there is any government action that will address the inherent weaknesses in our system, but I think we can probably patch it together for a while longer. It's obviously going to fall apart at some point, the question is whether it will be next week, next year, or maybe a little farther out.
In past times, when things got really bad, heads where chopped off.
So why not do it this time around? If the Government is so concerned about "Mainstreet" then the answer is to offer Mainstreet directly support, e.g. Set up a new Fond and allow people to apply for money if they need it (and if it is fiscally sound), this would cost a lot less than 700 billion (or however much it is going to cost in the end), will be a lot ore transparent AND directly benefit the people at the bottom.
Buffet clearly is doing what he has always done: He sees an opportunity and he fully uses it.
As the saying goes: Don't hate the player, hate the game.
I totally agree with chopping off some heads, sharpen the guilloutine blade and line em up. There should be no bailout for gamblers. If I go to a casino and blow my life savings and ask the government for help they'd be like up yours buddy. People should be held accountable for their own actions.
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