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Warren Buffett Talks About the Current Financial Crisis
Warren Buffett was recently interviewed by Charlie Rose on the current financial crisis. He mentioned that he has never seen (in his adult lifetime) such an amount of fear existing in the market as there is right now.
In this interview, Warren Buffett also shares his views on:
- The bailout by the US government and why it was necessary
- His recent investments in Goldman Sachs and General Electric
- The recession that we are currently in and how long it will last
- AIG and why it was too big to be allowed to fail
- The loss of confidence in the credit market and how it will affect the economy
You can watch the video of the interview below.
The complete text transcript is also available at the CNBC website.