Warren Buffett gets a favorable comparison to the legendary financier J. Pierpont Morgan in today's New York Times.
(The article also appears on CNBC.com as part of our partnership with the Times.)
Steve Lohr writes: "In the midst of a financial crisis, a towering figure of American business steps foward with his reputation and financial resources for public good and personal gain."
He's describing both J.P. Morgan in 1907 and Warren Buffett in 2008. New York University economist Richard Sylla calls their crisis responses "profitable patriotism."
Morgan "stepped in and functioned as America's central bank." He gathered "his fellow financiers at his Manhattan mansion and hammered out a rescue plan."