Thursday, February 10, 2011

The Rogoff philosophy transfering taxpayer money to Warren Buffet

Billionaire Warren Buffett said his $5 billion investment in Goldman Sachs Group Inc. at the depths of the financial crisis was a wager that Federal Reserve Chairman Ben S. Bernanke and then-Treasury Department Secretary Henry Paulson would take on debt to prop up the economy. Bloomberg
This is Rogoff speak for dictatorship by ignorant elites. I think Ron Paul is right, lets end the Fed.

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