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Biotech / Medical : Biotech Valuation

CRSP 58.08

+0.9%

3:59 PM EST

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To: Biomaven who wrote (28122)	9/25/2008 4:03:59 AM
From: nigel bates	of 52153

Thinking about it a little more, Buffett's comments are pretty interesting. He's about as close as we're going to get to a disinterested expert observer on the necessity of a bailout. He's got a lot of cash, has avoided pretty well any involvement in derivatives, and absent wholesale failure of the banking system would probably benefit if a few banks went under, so when he says: Last week will look like Nirvana if they don't do something I'm inclined to take the statement at face value. Equally, he's apparently happy that striking a hard bargain on the price the Treasury pays for toxic debt is an acceptable risk. I might have to ask you to share that Fed chairmanship. :-)

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