More seriously, we wonder this: how is it that Warren Buffett can cut a better deal with the best-run financial company in America than the U.S. Treasury can ask from the worst-run financial companies in America?And that is right. Buffett took preference shares and upside. Paulson does not plan to.
I would rather own Berkshire than be an American taxpayer.
Oh, I do own Berkshire - and I am not an American taxpayer.
And that is the sweetness in living in Bronte, Australia.