Wednesday, September 22, 2010

Billionaire Bailout Recipient to America: "Suck It In and Cope, Buddy" -- RollingStone.com

Billionaire Bailout Recipient to America: "Suck It In and Cope, Buddy" -- RollingStone.com: "At the Michigan event, [one questioner] asked whether the government should have bailed out homeowners instead of Wall Street, Munger said: 'You've got it exactly wrong.'

There’s danger in just shoveling out money to people who say, ‘My life is a little harder than it used to be,’” Munger said at the event, which was moderated by CNBC’s Becky Quick. “At a certain place you’ve got to say to the people, ‘Suck it in and cope, buddy. Suck it in and cope.’”"h/t Fact-esque.

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