Thursday, September 25, 2008

$700 Billion Investment

If Warren Buffet says the financial market isn't about to collapse. Then I say it isn't about to collapse. After all, he is Warren Buffett, one of the world’s most known and wealthiest investors. He's so sure of it, that he bet $5 billion on Goldman Sachs. This may be just what Wall Street needed to get an extra boost. Many investors are still uncertain as to how to the government's $700 billion dollar bailout plan for banks will play out.

Federal Reserve Chairman Ben Bernanke seems to think that quick action is needed by congress to avoid disaster. I'm curious to hear your take on this issue, "To Bailout" or "Not to Bailout", That is the question.

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