Warren Buffett Offers Thanks to Federal Government for Bailouts
November 17, 2010
(ChattahBox U.S. News) – Although various pundits may be second-guessing whether the 2008 government bank bailouts were a bad idea, one American stands in firm support of the decision. Mega-investor Warren Buffett sent a belated thank-you note to Uncle Sam yesterday (via the New York Times) in which he referred to the government’s decisions during the bank crisis as “remarkably effective,” the Times reports.
Buffett offered credit to Ben Bernanke, Hank Paulson, and other government officials who orchestrated the bailouts, and even George W. Bush for leading, even though Buffett acknowledges never voting for the former president, his letter indicates.
Signing the letter “Your grateful nephew, Warren,” Buffett tells Uncle Sam that “the world would look far different now” if the government had not intervened during the “extraordinary emergency” that struck the U.S. in 2008, the Times reports.