[FairOpinion]

There also could be other reasons for Arnold picking Buffett. in the WSJ interview Buffett also talked about some deal that Davis offered to Berkshire Hathaway, to buy CA bonds. Buffett didn't take the deal, but maybe with Arnold at the helm he might, which would help CA.

Many times people don't see the big picture (through no fault of their own, just that there are a lot of things that could be and frequently are going on in the background), it's like the blind men and the elephant.

As I said before,I think Arnold is much smarter and more savvy and more conservative, than people give him credit for.

[LS]

You make a good point. As much as we denigrated Clinton, he had enough sense to listen to Robert Rubin and the "f-ing bond traders."

If Buffett will help bail out CA bonds---without a tax increase, I say, more power to the old coot.