Call my crazy, I’ve always had a small fetish for economics, investing, capital markets, etc. I even was a stock broker for a couple years in Denver. I’ve been trying to make sense (as most everyone has) of the credit meltdown and its cataclysmic domino effect.
Warren Buffett, one of our wisest financial voices, did a 30 minute interview on CNBC, and he explains a couple of the angles of what we are up against (and solutions) about as good as anyone I’ve heard. One thing I found very interesting was his belief that this bailout may well actually end up being a profitable investment for the government coffers. Buffet’s words: “If I could borrow 700 billion at treasury rates [the interest rate the government will pay for the capital to make this investment, aka “bailout”] to buy these assets at these prices, I’d be doing it.”
(this is 30 minutes long, but the first 10 give a good overall perspective)