Friday, February 08, 2008

Buffett: Bank woes are "poetic justice"

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I am so glad the someone prominent finally had the courage to come out and say this openly.
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TORONTO (Reuters) - The woes in the U.S. financial sector are "poetic justice" for bankers who designed and sold complex investments that have since gone sour, billionaire investor Warren Buffett said on Wednesday.
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"It's sort of a little poetic justice, in that the people that brewed this toxic Kool-Aid found themselves drinking a lot of it in the end," he said.
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LNK: http://www.reuters.com/article/innovationNews/idUSN0631767220080207
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