WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Wednesday, February 10, 2010

Warren Buffett interviews Hank Paulson about The Credit Crunch

Paulson told Buffett that he expected the economic fallout from the crisis would be bad, but didn't expects things to get as bad as they did. Still, Paulson said, if the government hadn't done anything the damage would have been even more severe. He also said things could have been worse if the U.S. dollar had collapsed or if China and Russia had sold their holdings of U.S. debt.

Paulson said the U.S. will get back all the money it pumped into the nation's banks, and may even made a profit. Buffett agreed.

Warren Buffett: I Have Greater Appreciation of Pres. Bush's Handling of Credit Crisis

Source CNBC