Warren Buffett had this to say before Washington’s Financial Crisis Inquiry Commission yesterday (via Bloomberg) about the debt of state and local governments: “There will be a terrible problem and then the question becomes will the federal government help. … It’s a bet on how the federal government will act over time.”
Warren Buffett had this to say before Washington’s Financial Crisis Inquiry Commission yesterday (via Bloomberg) about the debt of state and local governments: “There will be a terrible problem and then the question becomes will the federal government help… It’s a bet on how the federal government will act over time.”