A modest proposal: Let Warren Buffett run all future bailouts


Lots of people are angry at Goldman Sachs (GS). They are asking how a bank that was in danger of going belly up last September could be paying out $400,000 per employee in bonuses in the first half of 2009.

The anger is righteous and justified. Goldman's ill-gotten gains came in a large part due to the willingness of the U.S. government to give them special treatment, even while other investment banks were gutted or allowed to fail. Don't take my word for it. Economist and former Presidential adviser Paul Craig Roberts told online TV host Max Keiser that Treasury Secretary Timothy Geithner is "working for Goldman Sachs."

Somehow, I don't think Warren Buffett would have let Goldman and other TARP recipients wriggle off the hook so easily. So a modest proposal: Get rid of Geithner and the rest of Government Sachs in Washington. Bring in the boys from Omaha. Let Warren run the show.