The government - the ultimate short-term-oriented player - cannot withstand much pain in the economy or the financial markets. Bailouts and rescues are likely to occur, though not with sufficient predictability for investors to comfortably take advantage. The government will… — Seth Klarman Copy Share Image
I supported some very, very objectionable things in terms of bailouts or rescues, but I did it not for Wall Street, but for the American people. — Henry Paulson Copy Share Image
