Warren Buffett Endorses Paulson’s $700B Bank Bailout

Buffett’s thumbs-up for Paulson’s plan


There had been speculation that gazillionaire Warren Buffett’s purchase of a $5 billion stake in Goldman Sachs constituted an endorsement of Treasury Secretary Henry Paulson’s $700 billion bank bailout package, but now Buffett himself has confirmed the rumor is true. (By the way, our last article on the philanthropy of Buffett and his family is available here.)
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