I think that they hoped the ...

I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they\'d had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn\'t do it and 30 billion wouldn\'t do it and 40 billion wouldn\'t do it. So it got beyond anybody\'s ability to certainly to do it in a short period of time.
I think that they hoped the private sector would come in. And the private sector tried to come in until they saw the size of the problem. I mean, from were people on that weekend that thought they'd had a solution. And then the hole kept getting bigger and bigger. And all of a sudden became apparent that 20 billion wouldn't do it and 30 billion wouldn't do it and 40 billion wouldn't do it. So it got beyond anybody's ability to certainly to do it in a short period of time.
 Warren Buffett

Quotes from the same author

The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.
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 Warren Buffett
In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.
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 Warren Buffett
This country is going - be living better ten years from now than it is now. It will be living better in 20 years from now than ten years from now. The ingredients that made this country, you know, the miracle of the world - I mean we had a seven for one improvement in the average American standard of living in the 20th century.
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 Warren Buffett
We have embraced the 21st century by entering such cutting-edge industries as brick, carpet, insulation and paint. Try to control your excitement.
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 Warren Buffett
There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
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 Warren Buffett