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And Buffett doesn't single out bailout money. He just says that the crisis makes government-backed entities, such as FDIC-insured banks, safer for lenders. Not
by cedsav 18y ago
And Buffett doesn't single out bailout money. He just says that the crisis makes government-backed entities, such as FDIC-insured banks, safer for lenders. Not really surprising.
Quote:
"Funders that have access to any sort of government guarantee -- banks with FDIC-insured deposits, large entities with commercial paper backed by the Federal Reserve, and others who are using imaginitive methods (or lobbying skills) to come under the government's umbrella -- have money costs that are minimal."