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WE HAVE A GUSHER! Buffett Says "Gusher" of Federal Money Helped Avert Meltdown

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A "meltdown " of our economic structure was avoided with a "gusher" of federal money playing an essential role in the rescue, Warren Buffett wrote in a New York Times opinion piece yesterday. The economy is now out of the emergency room and appears to be on a slow path to recovery," Buffett added, but "enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects." Side effects of money gushers may include a $5 billion investment in Goldman Sachs (GS), $5 billion worth of Goldman Sachs warrants and a 237% gain from the March lows for Wells Fargo (WFC).
SOURCE:   New York Times