ArchiveApril 2009

At the moment, it is much better to be a financial cripple with a government guarantee than a Gibraltar without one.

In his 2008 Letter to Shareholders, Berkshire Chairman Warren Buffet notes how the government’s policies are making it difficult for the best corporations to borrow while making it relatively easy for the “financial cripple”: Funders that have access to any sort of government guarantee –banks with FDIC insured deposits, large entities with commercial paper now backed by the...

Recent Posts

Categories

Archives