Well, I don’t care who Warren Buffet supports politically. He put 5 billion up to prop up Goldman Sachs. He’s putting his money where his mouth is, and is probably a little more financially astute than most. I’m 48 and single with two kids still at home, two that graduated college on student loans, and I own a home. I’m able to pay my mortgage, sorry that you never were able to do that. It’s not really a bailout. It’s an investment. Good grief, the money used to buy the mortgage back securities is actually buying real property. When values of homes come back up the government can sell these properties.
For who? The government? Surely not for me. The government's buying real property with my money...property I'll never see or have access to. And although some have said the taxpayer will see some of it back, I won't hold my breath, nor will it probably happen in my lifetime, if ever.