Will Always Have Too-Big-to-Fail Banks -Warren Buffett Fox Business Channel 1/21/2010
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I totally agree with Warren. As usual is just a matter of common sense, which polititians all over the world either don't have, or don't want to use. Govenments should never use taxpayers' money to bail out financial institutions; governments should actually give money to people in times of crisis... then people would spend it or deposit it into banks, which would then use it...)to keep the cash flow. Money given to bottom up system and top top down....
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Absolutely we need to bring Glass Stegall back
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He is one of the last great businessmen in America. The new generation are a bunch of crooks. Not all but a good chunk of them.
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very good idea
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Way to stand your ground, Warren!
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I agree that there should be a major downside. Management should lose. Investors should lose. Creditors should lose. Investors should be first given the opportunity to come up with additional equity and bail themselves out. If the government needs to step in, it should then get total control and the equity.
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thanks for posting, but why not post the entire discussion?
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Fox released them in parts. And if they released the whole interview, Youtube wouldn't allow it as there's a 10 minute time limit
valueinvestingpro 2 years ago