If I were Buffett I would like Paulson. Buffett just made a lot of money from all of the messing around that Paulson has done, what’s not to like. The problem is that Buffett is probably assuming that Paulson will do something reasonable and sane, but the facts aren’t in evidence on that score. If Paulson uses the same procedure that Buffett used, then I would accept that Paulson knows what he’s doing.
If, OTOH, Paulson decide to buy up all of the “Level 3” junk investments the financial institutions are holding, which seemed to be part of an earlier plan, then Paulson has the intelligence of mold without the personality.
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