Warren Buffett Backs Bailout Plan

The Bush administration's controversial financial bailout proposal may be getting a heavy dose of criticism today from angry lawmakers on Capitol Hill, but Warren Buffett tells us he wholeheartedly supports the plan.

He told CNBC's Becky Quick over the weekend, "It's what I would do if I were there."

Read the full story here

-OR-

Read about the Paulson, Bernanke and Cox testimony in front of the Senate Banking Committee

Comments

[mommadona]

WELL, OF COURSE HE WOULD....DUH.

Another very good reason to take it slow and easy.

Paulson just dodged those "32 words" about not being held accountable to any court or any governmental entity legally.....whhhoooops!

Dodd didn't take the bait.

"You want to do WHAT?"

[gretchenart]

The social welfare for the rich program approved by the richest of the rich. Well duh! It's passing all his and his cronies bad debts on to the American people, who get all the bills but none of the equity, none of the profits. Our pain for his pleasure. Good going Buffet!

[schatsie]

700 billion could go for a lot of working class jobs to support families and pay for healthcare... Tell me again why we would want to give this money to Wall Street....

'Trickle down' felt like 'Piss in my shoe'.....