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Warren Buffett Chimes in on Financial Meltdown

Posted by billspaced | 9:25 PM | 0 comments »

Buffett to Congress: bailout economy or face "meltdown" - Sep. 28, 2008
Legendary investor Warren Buffett warned Congressional leaders Saturday night of "the biggest financial meltdown in American history" if they did not act to secure the financial system.

Earlier in the week, Buffett also warned that the financial crisis is "everybody's problem," not just Wall Street's. The potential collapse of financial institutions would cause industry to grind to a halt, he told CNBC Wednesday, and could have "gummed up the economy."

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