Wednesday, September 24, 2008

"The world revolves around credit and confidence."

I missed President Bush's primetime speech tonight in which he attempted to sell the American public and lawmakers on the "bailout plan". I'm curious to see how it was received by everyone. It has certainly been alarming the past couple days with some of the comments being made by Bush and Paulson. They have been alarmingly candid in my opinion. Such as, "Our entire economy is in danger."

I came across this article on CNBC.com and Jim Cramer's website tonight. Cramer thinks the "bailout/investment in America" must occur and that Paulson needs to sell the idea to the public in a better way.

Warren Buffet invested $5 billion of his money into the struggling Goldman Sachs. That's Billion with a "B".

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