I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they'd had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn't do it and 30 billion wouldn't do it and 40 billion wouldn't do it. So it got beyond anybody's ability to certainly to do it in a short period of time.
Warren BuffettWe don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.
Warren BuffettIf I got any good ideas out of that or I think they're good ideas, I'll be glad to contribute them but the system will probably overdo some other things.
Warren BuffettThe dominant factors affecting control valuations are earning power (past and prospective) and asset values.
Warren Buffett