Warren Buffett sat down with Becky Quick early on the Monday morning on “Squawk Box” after the 2010 annual Buffettpalooza gathering in Omaha.
He gives a more detailed defense of Goldman and Lloyd Blankfein and the Abacus trade in this must see interview. Regarding the possibility of him stepping down, he said that he’d rather see Lloyd Blankfein continuing to run the business than anyone else.
He also talked about bond insurers, the housing bubble, the Senate hearings, whether the financial reform regulations on the table and whether they’ll prevent bubbles from happening.
Here’s the first part of the interview which I highly recommend:
Tags: Becky Quick, Berkshire Hathaway, Bond insurers, Buffettpalooza, Charlie Munger, CNBC, Derivatives, fraud allegations, Goldman Sachs, Housing market, Lawsuits, Lloyd Blankfein, SEC, Warren Buffett
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