Warren Buffet remarked that we are having an economic Pearl Harbor on the Charlie Rose show this week. At the same time he has bought preferred stock with common warrants on both Goldman Sachs and GE just this morning. Everyone else is selling, he is setting his own terms and buying.
BRK will get a 10% dividend on the preferred and millions of options to boot, apparently the strike price is the current price of GE and GS.
If we are having an economic Pearl Harbor why isn't some of this traffic parked somewhere else?
I don't see that the current situation is to that extreme, yet. And if it is I cannot imagine that one bill passed by the govt will change all that.
For those of you duped by the story that this is equal to the Great Depression
click on Russell Lee to see the photos he took for the Farm Security Administration. The Govt wanted to highlight the necessity of helping Americans. click to enlarge and you will see some foks that had something to be depressed about!
Professor Elam 
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