Idea

Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the 2008 financial crisis erupted. It may have saved the US economy

warren buffett hank paulson
U.S. Treasury Secretary Henry Paulson (L) shares a laugh with financier Warren Buffett, Chairman and CEO of Berkshire Hathaway, at the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007.

  • Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession.
  • The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed assets.
  • Paulson quickly gathered the bosses of the nation’s biggest banks and convinced them to accept billions of dollars in investment.
  • The Treasury demanded preferred stock paying chunky dividends, as well as stock warrants in return, emulating Buffett’s bailout of Goldman Sachs in September 2008.
  • Former President George W. Bush called it “probably the greatest financial bailout ever” and said it “probably saved a depression.”
  • Visit Business Insider’s homepage for more stories.

Warren Buffett made a late-night call on Saturday, 11 October 2008 that likely spared the US from an even more devastating financial crisis.

The billionaire investor and Berkshire Hathaway CEO dialed then-Treasury Secretary Hank Paulson, the pair said in “Panic: The Untold Story of the 2008 Financial Crisis,” a documentary released in 2018.

“Hank, this is Warren,” Buffett said. A tired and groggy Paulson’s first thought was, “My mom has a handyman named Warren, why is he calling me?”

Buffett was calling about the Troubled Asset Relief Program (TARP), which authorized the Treasury to spend $700 billion purchasing distressed assets from banks. Lawmakers passed it in a desperate effort to shore up the financial system after the collapse of Wachovia and Washington Mutual — two of the greatest bank failures in American history.

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Best Bathroom Rug Idea

It is the desire of every homeowner to make his or her bathroom hazard free. The bathroom floor becomes hazardous, if it gets wet and slippery. Well you can take care of this problem if you choose the right kind of bath rugs for your bath floor. Good bath rugs keep your bath floor completely dry and clean. They do not only protect your feet from cold floors, they also soak up water that splashes from your shower, tub or sink, along with the excess water that drips from your body.

Deciding what bathroom rugs to choose can be difficult and you will need to consider several different things. Spending too much time picking from one particular style to another will only waste your precious time and energy. Buying a bath rug set will offer a great solution to minimize the time spent in selecting without sacrificing the beauty of the bathroom rugs you will be purchasing. When it comes to price, buying sets will also help save more money rather than buying per piece. If you have an eye for style and design then buying a set might make you feel restricted.

You should look at the size of your bathroom as well the style that you want to create. You can purchase bathroom rugs and mats in several different designs, sizes and styles. You should make sure that the color of the rug complements the bathroom and makes it look tasteful and inviting. Matching your rugs with a certain theme will rejuvenate your bathroom. No matter what design and style of bathroom mats you decide on, they should be easy to clean. Due to the moisture in the room they will need to be cleaned often and washing them is the easiest way to do this. Good companies …

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Straight Kitchen Design Idea To Cater Your Space Constraint Needs

The Kitchen being the important part of the house needs very much attention while you design your dream home! The kitchens are designed keeping in mind the available space and requirements of the user. A straight kitchen is a one-wall kitchen layout with counter space on both sides of the cooking range.

Straight modular kitchens are among the most economical layouts which are perfect for homeowners limited by budget and space, it can integrate a minimalist aesthetics while pouring in the décor essence of a gallery shaped or l-shaped kitchen. Straight kitchen designs are also popular in houses that have a second smaller kitchen area for special occasions or irregular purposes.

It is advisable to opt for straight kitchen design ideas if you are constrained to a smaller kitchen space. Also with longer and smaller kitchen straight kitchen ideas are suitable. For homeowners planning on an open kitchen, this layout seems to be the most appropriate choice since it does not require a huge work area and the layout can easily blend into the rest of the décor.

Here are some tips to enhance the functionality of a straight kitchen design:

  • It is suggestive to maintain a proper distance between the sink, hob and place for appliances.
  • Go for double rows of cabinetry to maximize storage space. You can either go for two rows of storage under the counter top or have a lower cabinetry and a hanging cabinetry above the cooking space but on the same wall.
  • For homes which has more space then straight kitchen is not a good choice as it will give an odd feeling.
  • It is highly suggestive to hire interior designer for designing a beautiful area for all your kitchen expectations.
  • Make sure you have a proper way to move in kitchen, just to
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Bathroom Designs Idea – Can I Design My Own Bathroom?

A bathroom designs idea – can I really design my own bathroom? Why not! Today, the bathroom is much more than just a room for grooming and a place to read. Bathrooms can be a good place for home exercise equipment and a good music system or TV, for example. What better way to unwind from the day than a soothing shower or warm soak in the tub with candles and relaxing music. So start a notebook. When you get a bathroom designs idea, write it down. Soon you'll have defined the bathroom that's just right for you.

Design my own bathroom? You bet you can! When designing your own bathroom, some of the questions you should ask (and answer) include:

1. How big will the bathroom be? Bathroom sizes include:

o Master bathroom or luxury bathroom – includes toilet, bidet, two sinks, separate tub and shower, whirpool or spa and perhaps more, depending on your budget. Some master bathrooms are large enough to have exercise equipment, and they are subdivided into smaller compartments for privacy depending on what is needed.
o Full bathroom – includes toilet, sink, and combination tub / shower plumbed along one wall. Typical dimensions are 5×7 or 5×8 feet.
o Half bathroom – includes sink and toilet only. It can be placed on the main floor of your home to reduce the morning rush, and the family does not have to go upstairs to use the toilet. Common dimensions are between 3×6 and 4×5 feet, about the size of a smaller closet.
o Small bathroom – includes corner shower stall, toilet and sink and typical dimensions are 6×6 feet.
o Childrens bathroom – can be a three-quarter bathroom or full bathroom depending on the size of your home and how many children you have. Children's …

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