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— Warren Buffett"I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity."
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Using tax payers' money to provide liquidity to Wall Street so that the country wouldn't head into a depression was the right decision, in my judgment.
— George W. Bush
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That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.
— Warren Buffett
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