Warren Buffett's actions during the current financial crisis resemble those undertaken by J. Pierpont Morgan in the Panic of 1907. "It's what you might call profitable patriotism," said Richard Sylla, an economist and financial historian at the Stern School of Business at New York University. Buffett has invested $8 billion in General Electric and Goldman Sachs in the past two weeks.
more at http://www.nytimes.com/2008/10/06/business/06buffett.html
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