Recent Blog Posts
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SBA Runs Out of Gas
Nov 23 20094:17 pm EDT -
The Bill That Wouldn’t Die
Nov 21 20099:30 pm EDT -
Republicans Talk Turkey on Health Care
Nov 20 20093:54 pm EDT -
Contracts Stolen From Veterans
Nov 19 20093:57 pm EDT -
Main Street's Credit Crunch
Nov 18 20095:41 pm EDT -
Criminalizing Failure
Nov 17 20095:55 pm EDT -
Casablanca on the Potomac
Nov 16 20095:22 pm EDT -
So Big It Will Fail?
Nov 10 20093:02 pm EDT -
Health Care’s ‘Wild West’
Nov 09 20093:57 pm EDT -
Obama's Secret Jobs Plan
Nov 06 20093:13 pm EDT
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Warren Buffett: Bailout Savior?
J. Jennings Moss writes: Did some sobering remarks from the Oracle of Omaha lead to the tenative bailout agreement reached early Sunday by congressional leaders and the White House? Quite possibly. If there's one man who can reach between the political partieis and get lawmakers to see the bigger picture, it's Warren Buffett.
Buffett warned that the United States would face "its biggest financial meltown in American history" if congressional negotiators couldn't find common ground on a $700 billion plan to rescue Wall Street, according to a report on CNN.com.
Lawmakers reached out to Buffett and to other business leaders to get their take on a plan that on late Thursday was on life support.
The plan on Capitol HIll is to finish up work on the plan this afternoon, so that House Republicans who have raised the loudest objections to the bailout get the chance to decide if they want to join in. Expect to see votes on Monday on the plan in the House and possibly the Senate.
J. Jennings Moss
