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.


Comments

One Response to “Warren Buffett Offers Thanks to Federal Government for Bailouts”

  1. GOP – The Musical « his vorpal sword on November 18th, 2010 6:20 pm

    [...] Stuart Shapiro / Alan Colmes’ Liberaland: Buffet Says Thank You To Uncle Sam Ezra Klein: Buffet: ‘Well, Uncle Sam, you delivered.’ Ray Rahman / Mediaite: Warren Buffett Thanks Uncle Sam For Bailout In New York Times Barry Ritholtz / The Big Picture: Dear Uncle Sucker . . . Felix Salmon: Bailout economics — It’s all about the bailouts today … Nitasha Tiku / New York Magazine: Warren Buffett Is Pretty Smitten With the Government Torrey / ChattahBox News Blog: Warren Buffett Offers Thanks to Federal Government for Bailouts [...]

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