Wednesday, November 17, 2010
Warren Buffett sends a thank you note
And because, old and shriveled as it may be, he is still a Big Swinging Dick in the financial world, it was printed in the NY Times.
DEAR Uncle Sam,And so corporate America and their banksters were saved. Main St. America is still waiting for their reason to send a note.
My mother told me to send thank-you notes promptly. I’ve been remiss...
When the crisis struck, I felt you would understand the role you had to play. But you’ve never been known for speed, and in a meltdown minutes matter. I worried whether the barrage of shattering surprises would disorient you. You would have to improvise solutions on the run, stretch legal boundaries and avoid slowdowns, like Congressional hearings and studies. You would also need to get turf-conscious departments to work together in mounting your counterattack. The challenge was huge, and many people thought you were not up to it.
Well, Uncle Sam, you delivered. People will second-guess your specific decisions; you can always count on that. But just as there is a fog of war, there is a fog of panic — and, overall, your actions were remarkably effective...
So, again, Uncle Sam, thanks to you and your aides. Often you are wasteful, and sometimes you are bullying. On occasion, you are downright maddening. But in this extraordinary emergency, you came through — and the world would look far different now if you had not.
Your grateful nephew,
Warren
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