Warren Buffett's Bid to Save the Economy --and How It Failed

fool.com — In March 2009, the Treasury created PPIP, pledging up to $100 billion to be matched with private money and leveraged into a $1 trillion toxic-asset-eating monster. Buy all the terrible assets, thought went, and we're all set. Economy saved. Buffett's proposal notes that he'd already lined up Goldman Sachs to work on raising $10 billion of equity. Mar 6, 2010 View in Crawl 4