Buffett has a big dog in this race, and for him to be Paulson’s “adviser” is a joke.
Complete conflict of interest, especially after his $5B of Goldman Sachs and now G.E.
It means Buffett thinks this is the bottom, or close enough to it to jump in. He is usually right over time. He also probably has information on what the bailout will do specifically (where the money will go) and can extrapolate from that.
Ironically, Buffett’s investment strategy is conservative (in a general sense) yet he supports the liberals.