Politics for Pros- moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LindyBill who wrote (270123)	9/25/2008 8:52:18 AM
From: Brumar89	Read Replies (2) of 793794

So Buffet says the govt will make a profit off the bailout. Sounds okay to me. Buffett told CNBC television. 'I'm not saying the Paulson plan will eliminate the problems but it's absolutely necessary, in my view, to avoid going off the precipice.' Buffett, whose opinions are hugely influential among millions of private investors in the US, said that if the Treasury acts shrewdly by buying banks' distressed assets at a competitive price, taxpayers will end up as financial winners. 'I bet they'll make a profit,' said Buffett, who pointed out that hedge funds specialising in junk assets were already picking up mortgage-related securities with a view to making profits of 15% to 20%. He said a positive return was feasible if the government ignores the book value of instruments or the original cost to banks and instead pays the prevailing market rates for the bombed out assets. 'They'll pay back the $700bn and make a considerable amount of money if they approach it like that,' said Buffett. 'I would love to have $700bn at Treasury rates to buy fixed-income securities - there's a lot of money to be made.'

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next