[faithhopecharity]

the Fed, which is owned by the big banks, will bail the big banks out again (and again, if necessary)

that’s a major reason why they set up the Fed in the first place

otherwise, it IS obvious that our economy remains ElSicko

[Toddsterpatriot]

the Fed, which is owned by the big banks, will bail the big banks out again (and again, if necessary)

Well, it's owned by the Treasury, but they will lend money again, if they have to.......

that’s a major reason why they set up the Fed in the first place

A lender of last resort is very useful, and Buffett is too much of an assclown to take the place of old J.P. Morgan from 1907.