Pretty Good for Government Work

Warren Buffett writes a thank-you note to Uncle Sam (and Ben Bernanke, Tim Geithner, and Geoge W. Bush) for averting disaster at a time when no other player could have done so.  As Buffet puts it:

“Only one counterforce was available, and that was you, Uncle Sam. Yes, you are often clumsy, even inept. But when businesses and people worldwide race to get liquid, you are the only party with the resources to take the other side of the transaction. And when our citizens are losing trust by the hour in institutions they once revered, only you can restore calm.”