It's a genius move. As Buffett said, if he had $700 billion on the government's terms, he would be buying up these distressed assets himself. Now, I may not agree with Buffett on politics, but on investing, the guy is as good as gold. He thinks the government will make a lot of money on this deal.
On Thu, Sep 25, 2008 at 11:28 AM, G Money wrote: > Right, and one of the conditions that the dems have gotten written into > this > deal, if what I'm reading is correct, is that WE, the taxpayers, would get > to somehow reap that profit, should it come. > > No idea how that works, but that's what I've read. > > On Thu, Sep 25, 2008 at 1:19 PM, Dana wrote: > > > no, because he will be engaged in a buy and hold strategy. The whole > > point is that a quarter-million-dollar house if currently not worth a > > quarter-million, merely because of the current climate. So if you buy > > and seel when the market has recovered, you make a profit. > > Theoretically. So even if the money is gone there will still be > > assets. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:270878 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
