Last night, I happened on a live, hour-long Charlie Rose interview with Warren Buffet on PBS. It is worth seeing, whether you are as big a fan of Buffet as I am, or not. Is the situation as serious as so many people are treating it? Buffet calls it "an economic Pearl Harbor." He talks candidly about the rescue plan/"bail out" and why he thinks something like it is necessary now, and about the related economic issues and implications now and in the future. And importantly, he asks us to bear in mind that the rescue plan will likely avert financial market and economic disaster, but will not keep us from continuing down the road of recession we are now on--and likely will be for some time. Good stuff.
You can see it by clicking here or on the link below and then clicking on the video screen with the picture of Mr. Buffet. If you are not that familiar with Warren Buffet or his background, accomplishments and philosophies, your can find a pretty informative summary on Wikipedia.com.
http://www.charlierose.com/shows/2008/10/01/1/an-exclusive-conversation-with-warren-buffett
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