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U.S. investor Buffett says crisis an 'economic Pearl Harbor'

2 October 2008, 17:22 | Associated Press
U.S. investor Buffett says crisis an 'economic Pearl Harbor'
Warren Buffet
OMAHA, Nebraska (AP) - Billionaire investor Warren Buffett says the U.S. has been hit with an "economic Pearl Harbor," and that the government must respond quickly.

Buffett talked about the nation's ongoing financial woes in an appearance on the "Charlie Rose" show that aired Oct. 1 on PBS.

The 78-year-old Buffett says that in his adult life he has never seen people as economically fearful as they are right now.

He says the United States' economic problems are already starting to be felt by furniture and jewelry stores such as the ones owned by Buffett's company, Berkshire Hathaway Inc.

The billionaire predicts that the rest of the "Main Street" economy will start to have problems if the government's financial bailout plan doesn't pass soon.

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  Comments (3)
Guest    (Guest) | 03.10.2008, 19:40
I think that the people should be voting for this plan and not representatives of \"high stakes gamblers\" both whom suffer from bondage...they do well to mow the lawn in the summer.
Guest    (Guest) | 02.10.2008, 18:45
From the States,
More propaganda from the Western media. Don\'t believe it. The current struggle is between average Americans (Main Street) and the corrupt capitalist elites that are trying to loot the treasury to the tune of $700,000,000,000 as a down payment with another $500,000,000,000 soon to follow in a few weeks. Main Street wants a bialout that will actually help the economy, generate jobs, and not merely absorb the massive losses the \"fat cat\" bankers of Wall Street took with their stupid derivatives games linked to declining real estate values.

Of course, the corporate elites mass media is on overdrive to terrorize the average American into handing over a $700 billion check so, they managed to push it through the upper elitist house, the Senate, and only the more populous oriented lower House of Representatives, is all that stands in the way of the BIGGEST transfer of wealth from hard-working Americans to the corrupt capitalist elites. The vote is on Friday...
Guest    (Guest) | 03.10.2008, 09:25
Wall Street makes a large portion of their \"profits\" by taking American jobs and sending them off to low low low wage 3rd world countries. Like India. This is seen as being very good for the \"US economy\" (ie the stock market and investors).

People who actually try and work for a living think of it more as a form of economic rape.

Waving a very large American flag (have you seen the size of the flag that decorates the front of the NY Stock Exchange!) offers very little proof of anything other than you want to try and con someone into thinking that you must be VERY patriotic.
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