Omaha Oracle

Warren Buffett Thankful for Bailouts

Says response was “remarkably effective.”

Apparently he couldn’t wait until Thanksgiving: Super-investor Warren Buffet penned what he calls a thank-you note to Uncle Sam. After apologizing for the delay, he writes that when the country’s entire economy came overnight to the brink of destruction, “Only one counterforce was available, and that was you, Uncle Sam,” and “your actions were remarkably effective.” People will always "second-guess your decisions, writes the CEO of Berkshire Hathaway, or criticize you for not moving on the mortgage crisis earlier, but "few of your critics saw matters clearly either," Buffett writes. “So, again, Uncle Sam, thanks to you and your aides. Often you are wasteful, and sometimes you are bullying. On occasion, you are downright maddening. But in this extraordinary emergency, you came through—and the world would look far different now if you had not.”