Reply #71: Everybody has a stake in this game [View All]

[northernlights]

Everybody. If they only consult people who do not have a stake, they'll be talking to dead people.

The reason Buffet is so very wealthy is because he is financially brilliant and is one of the very few people who truly understands what will happen as a result of not bailing out, what kind of bailout is most likely to be effective, etc.

I'd far rather they consult Buffet on this. Just because they're asking his opinion and advice doesn't mean they're following it slavishly. But the more input they seek, the more diverse ideas they consider, the better a perspective they'll have on the package they put together.