This is the letter that Warren Buffett sent to Hank Paulson in 2008 right around the time TARP was passed. Buffett suggested his own proposal, and promised to invest $200m of his own money in the fund, which Buffett suggests.

Full letter below.

buffett(function() { var scribd = document.createElement(“script”); scribd.type = “text/javascript”; scribd.async = true; scribd.src = “http://www.scribd.com/javascripts/embed_code/inject.js”; var s = document.getElementsByTagName(“script”)[0]; s.parentNode.insertBefore(scribd, s); })();

H/T http://pragcap.com/