10/25/2007

Warren Buffett said today that a $75 billion "superfund" created to buy the assets of troubled investment vehicles should consider selling a portion of those assets in the open market. Doing so would help determine the actual value of the underlying assets, he said. Buffett joins former Federal Reserve Chairman Alan Greenspan and other influential economic thinkers in raising caution about the fund, which was created by Citigroup, Bank of America and JPMorgan Chase with the encouragement of the U.S. Treasury.

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