Sure they were, but he didn't make the loan until well after everything collapsed. In fact the U.S. Treasury was practically begging for him to make these inve

Sure they were, but he didn't make the loan until well after everything collapsed. In fact the U.S. Treasury was practically begging for him to make these investments and he said he would only do a deal with Goldman because he knew they were the only bank left that was financially sound. EDIT: And Wells Fargo. He bought into Wells Fargo huge. In any case, I think that if there anyone who has demonstrated an immense understanding of the American economy for the last 50 years, it's Warren Buffet and his partner Charlie Munger. There is no one/duo that has been more successful at investing and predicting long term economic scenarios over this time period.