Jason wrote: > Both, Warren Buffet and George Soros have > repeatedly warned about the serious defects > in the world financial system for the past > five or six years. Both knew that something > like this might happen. > So, where was Buffet and Soros when the bailouts were being proposed? And why did Paul Krugman disagree with Soros and Buffet? Also where was Tim Geithner? Wasn't the bailout formulated at the site of the New York Federal Reserve?
If all Soros' and Buffet's knew what was going to happen, why didn't they tell Obama? "All of these 'rescues' are a disaster for the taxpayer, for the financial markets and also for the Federal Reserve System as an organization. Geithner, in our view, deserves retirement, not promotion." Full story: 'Where was Geithner in turmoil?' By Andrew Ross Sorkin Published International Heraqld Tribune, Nov 25, 2008 http://tinyurl.com/6auldb
