Buffett to Congress: Bail out economy or face 'meltdown'

CNN

Billionaire Warren Buffett told congressional negotiators that if they can't agree on a proposed financial bailout, the nation will face "its biggest financial meltdown in American history," two sources familiar with the talks said.

Warren Buffett told congressional negotiators that failure to act could cause a financial meltdown, sources say.
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Word of Buffett's omen came hours before Democrats posted a draft of the bailout bill online and House Speaker Nancy Pelosi said Sunday afternoon she hoped the chamber would vote Monday....

Reid said the "breakthrough" just before midnight Saturday was made possible by an idea proposed by Pelosi. Her idea involved how to address questions about whether taxpayers would be protected in the bailout, a senior House Democratic aide said.

"We've made great progress toward a deal which will work and will be effective in the marketplace and effective for all Americans," Treasury Secretary Henry Paulson said, standing beside Reid and Pelosi. iReport.com: Are you upset about the bailout?

Gee, I thought economic wunderkind John McCain brokered the entire deal telepathically from his home (well, one of the 12).