"I think that a second one may well be called for,"

"you hope it doesn't get watered down in many ways."

"Our first stimulus bill ... was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in ... as if everybody was putting in enough for their own constituents, it doesn't have really quite the wall that might have been anticipated there."

"I do not like the idea of any kind of a plan involving the government where Wall Street makes a lot of money. My plan provided that they would make no money whatsoever, and the American public would make the money. I just think that Wall Street owes the American people one at this point,"

"We are not in a freefall, but we are not in a recovery either. We were in a freefall really in the last quarter of last year, starting in the financial markets and spreading to the economy, and we had this huge change in behavior. That change hasn't changed."

"We didn't want to do it, and if we saw things coming back we wouldn't do it" (Buffett laid off 500 people from his own company)

"I have never seen it quite happen like this, but what happened was in late September, the American public ... saw money market funds break the buck. They saw commercial papers stop, they saw all kinds of things that they hadn't seen before,It was a shock to the system."

"I want to emphasize, we are going to come out of this better than ever," he said. "I mean the best days of America, by far, lie ahead. But not next week or next month and then, I don't know exactly when we will come out, but we will come out big time."

1.Soros's fund returned 32% for 2007, 8% in 2008, and 17% so far in 2009.
2.Calls the current market a "trading market", he thinks investors should take profits when shares surge, even if they look promising long term.
3.Soros is not exactly saying he is bearish, but he doesn't "see how we can have the kind of growth in profts that we had during the superbubble".
4.He is bullish with China, Brazil, and India. He likes China because it is a beneficiary of the collapse of financial system and China is stimulating its economy and acts as an economic motor.

1.Made $17 billion in 2007 and 2008 by betting against subprime mortgages and financial shares.
2.Cash reached $19 billion for his $30 billion fund at the beginning of 2009.
3.The firm concluded that beaten-down prices assumed a rash of defaults that were unlikely to materialize and shifted their focus on the credit markets form one which had a short bias starting in 2006 to one that is aggressively long.
4.Paulson is buying shares of financial companies like Capital One Financial Corp., J.P. Morgan Chase & Co., and commercial real estate broker CB Richard Ellis Group, and oil produce Petro-Canada.
5.Paulson is buying very selectively as he fears lower growth ahead as consumers struggle and he is concerned with a surge of inflation.
6.More than 10% is in gold.

1.Fournier used to work for David Tepper and was among the first investors to turn gloomy on housing.
2.Fournier's hedge fund Pennant Capital is up about 9% this year.
3.Bullish to health care, especially WellPoint(WLP). Thinking the impact on WLP's earning from President Obama's health-care plan will not be as much as peopled feared

1.James Melcher manages Balestra Capital, managing a little under $1billion.
2.Fund returned 199% in 2007, 46% in 2008, ad 7% so far in 2009.
3.Fund owns top-rated corporate bonds with yields of about 6.5%.
4.Melcher is increasingly concerned that stock market is beginning to look expensive again. "The economy is still deteriorating, job losses are still huge", Melcher does not see where the earning will come to drive valuations.
5.Melcher has been buying Credit Default Swaps against debt of countries like Latvia, Bulgaria, Romania, Sweden, Ireland, and Greece.

Wilbur L. Ross, Jr. is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts. In 2005, Forbes magazine listed Ross as one of the world's billionaires for the first time. He was ranked #346 the Forbes list of the 400 richest Americans, with an estimated net worth of $1.7B. According to a recent New York Times article, he has been bottom-fishing in mortgages and mortgage companies. He apparently commands far greater sums than his net worth would suggest.