Warren Buffett is the only man in American financial circles today willing to tell the truth. Hank Paulson, our Treasury secretary, and Fed Chief Bernanke should both resign. They are both slow to grasp the seriousness of what is around them, and once there, their remedies are insufficient.
Paulson should be knocking the heads of bankers from all over the world together to open their purses, consider selling massive quantitites of gold bullion to destroy the speculators on Wall Street, and Bush should be opening wide the oil reserves to bring the oil cartel and his greedy fellow Texans and other crashing down as well. Otherwise, we face soup kitchens and bread lines when President Obama takes the oath of office next January 20.

Nice post!

Warren Buffett made extensive comments today on Squawk Box this morning-- 3 page synopsis of his views on a wide range of topics as expressed today are available free in the Billionaire Watch section (yellow label, top) at http://www.Barrelomoney.com .

From my perspective, I think Buffett if obviously a genious, but from what I understand of value investing is that it's more of a long-term thing than a short-term thing, which is fine if you have money to put aside--and aren't concerned with raising your standard of living in the present. I personally make ok money, but there's plenty of people out there that want to get out of where they are financially and make a bigger leap sooner. What about them?

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