Sunday, May 4, 2008

Wall Street Safe–Life can go on…..

Buffett says life is back to stable, the financial crisis is essentially over.  Wall Street will not collapse. Yes, and why would that be the measure?  He does mention that individuals will now have to pay a price but so long as Wall Street is safe and Bear Stearns did not collapse and cause a chain reaction, all is well. “As I understand it, Bear Stearns had $65 billion due on Monday and I didn’t have $65 billion,” Buffett said. “I couldn’t get my mind around that situation in the required

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