Wednesday, September 24, 2008

Buffett Calls Crisis an `Economic Pearl Harbor,' Backs Paulson

Buffett Calls Crisis an `Economic Pearl Harbor,' Backs Paulson
By Linda Shen and Andrew Frye

Sept. 24 (Bloomberg) -- Billionaire investor
Warren Buffett, calling the market turmoil ``an economic Pearl Harbor,'' said Treasury Secretary Henry Paulson's $700 billion proposal to prop up the U.S. financial system is ``absolutely necessary.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=a8B.QQmw5A8M&refer=home


Let’s recall that the Project for a New American Century called for a “catastrophic Pearl Harbor like event” to change the face of America.  Buffet apparently thinks that this is another “reshaping” event.  A Financial 911.

No comments: