Ron Paul Vs. Warren Buffet: Who Gets it?
Well, one has made Gazillions investing in quality companies that were temporarily down like Citicorp and Coca Cola. The other was a Presidential candidate who makes a lot of sense to a lot of people (though not enough obviously) and who literally predicted something like Lehman-AIG-Fanny-Feddie happening. Now the two are at odds over the financial crisis. Warren Buffet believes in the system and has put his money where his mouth is — investing some five billion dollars in ailing Goldman Sachs. Ron Paul has refused to vote for the 700 billion dollar bailout package — stating on Fox to the affect that it will be bad money following good money. He believes that the current globally inter-connected speculative financial system is a bubble which is a bad investment today and will be a bad investment tomorrow. The 700 billion dollar injection into bad stocks will weaken the dollar and hasten a truely catastrophic implosion of global financial markets. Buffet is saying in affect ‘I am walk
