Yes, Buffet is a liberal and has been since his youth. What is interesting is that his father was a four term conservative congressman during WW2. Buffet didn’t change parties until his father’s death out of respect. It also said he was always fascinated by politicians who were like “movie stars” with charisma.

While I do think it is vey prudent to work toward minimizing expenses I do not believe anybody needs to harde hard currency or coins at this juncture.

If youa re concerned about savings at institutions that you believe are troubled:

1. move the cash to perhaps another bank or credit union

2. make sure your savings are below the FDIC limit…

I knwo these are trying times but do not make imprudent moves based on irrational judgments.

…Buffet blames reckless lending for this situation…….WOW….where was the honesty BEFORE the elction when John McCain was saying this and his solutions. Buffet stayed silent.

Larry, can I ask a question? A friend is stockpiling quarters and 50 cent pieces. I have two questions:

1. Is hording cash a reasonable recation to what is going on? Ot is it stupid?

2. If one does want cash on hand, it is better to have it in metal than in paper bills?

Trying to figure this one out for myself.

American’s can’t complain though, so we should bend over and just take it. We’re doing it to ourselves. Maybe, maybe 50,000 people out of 300 million show up at the tea parties? All spread out, 100 here. 1,000 there. All Republicans.

Those tea parties are for people from all parties that want the government to stop all this wasteful spending. Those darn Republicans, how dare they think we should be standing together as our forefathers did. Don’t they know we can’t stand together as Americans first and foremost? Democrats and Republicans hate each other. No, it’s much more important that we define ourselves as a Democrat or a Republican first. Long before we define ourselves as Americans! Yes, I can see how that would give the government cause for concern.

We are a country of children with the childish sense that we are entitled to have our every need gratified immediately and that being entertained it the highest goal in life. Pain and discomfort are to be avoided at all costs. We pay entertainers more than teachers, so of course kids don’t feel they need to stay in school to become educated–that’s boring and work.

Those are the values we have instilled. We even went through an election that proved celebrity trumps the need to question authority or to search for the truth. So, it follows that this is not a problem that can be fixed by the government, because until most Americans realize they are the government and the source of our problems no amount of bailout money is ever going to be enough….Time to grow up, take responsibility and make a few sacrifices for the good of the country….

1. Berkshire’s 4th quarter 2008 generated net income of $117 million, a mere 96% decline vs 2007!!

2. The results suffered primarily due to significant exposure to insurance companies, Coca-Cola, and American Express.

Small wonder the US now finds itself bailing out banks and insurance corps, and doing nothing about credit card loansharking.