Warren Buffett Using Up His Goodwill

Since buying into Goldman Sachs and General Electric Warren Buffett has towed the bailout line with all the might of his reputation for goodwill.

Listen to how much of it he spills here.

This economy doesn’t work well without the lubrication of credit and trust.

It is exactly that lubricant that has put us here.

that's been lost

as well it should be.

The right things are done no one saw the tsunami coming.

This is where he is lying we all saw it coming, we positions our investments for it and are profitable, but Warren Buffett didn’t see it, not on my planet.

That's most of the worst of it, but it point out where we are that they actually paid off Warren Buffett with positions in Goldman Sachs and General Electric to get the bail out passed.

In both cases, Mr. Buffett has driven a hard bargain and extracted favorable terms. Still, he is betting when other investors remain fearful and on the sidelines. And his investments, analysts say, are based on the assumption that these two companies will come through the financial turmoil in good shape — helped by a government economic rescue package that will not only emerge but will bring confidence to shaky markets.

But again the markets are undeserving of confidence! Apparently now so is Buffett.